Helena - West Helena Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Helena - West Helena averaged
6.52%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.02% and
one month ago for the week of 2024-09-05, the
average rate was 6.55%.
Helena - West Helena's average rate one year ago was 7.39%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.52%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Helena - West Helena 30 Year Fixed Rate | 2024-10-10 | 6.52% |
| Helena - West Helena 30 Year Fixed Rate Refi | 2024-10-10 | 6.52% |
| Helena - West Helena 15 Year Fixed Rate | 2024-10-10 | 5.21% |
| Helena - West Helena 15 Year Fixed Rate Refi | 2024-10-10 | 5.61% |
| Helena - West Helena 30 Year FHA | 2024-10-10 | 5.9% |
| Helena - West Helena 30 Year FHA Refi | 2024-10-10 | 5.9% |
| Helena - West Helena 30 Year USDA | 2024-10-10 | 5.88% |
| Helena - West Helena 30 Year USDA Refi | 2024-10-10 | 6.08% |
| Helena - West Helena 30 Year VA | 2024-10-10 | 5.75% |
| Helena - West Helena 30 Year VA Refi | 2024-10-10 | 6.05% |
Helena - West Helena Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Helena-West Helena, AR market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| QUICKEN LOANS, LLC | 5 | 7.15% | $4,351 |
| FLAT BRANCH MORTGAGE, INC. | 2 | 6.62% | $4,089 |
| COMMUNITY MORTGAGE CORPORATION | 1 | 6.25% | $5,119 |
| LOANDEPOT.COM, LLC | 1 | 6.99% | $5,489 |
| NAVY FEDERAL CREDIT UNION | 1 | 6.63% | $1,267 |
| PILGRIM MORTGAGE LLC | 1 | 6.25% | $3,167 |
| AMERICAN HERITAGE LENDING, INC. | 1 | 10.50% | $3,867 |
| Renasant Bank | 1 | 7.25% | $3,036 |
| ARKANSAS Federal Credit Union | 1 | 6.13% | $4,304 |
Helena - West Helena Average Closing Costs & Other Stats
Helena-West Helena, AR's 9 lenders originated 101
loans during 2023. The total origination value was $9,655,000, with an average loan value of
$95,594.
Helena - West Helena's average closing costs are $3,917.
The top Helena - West Helena lender as defined by loan originations is QUICKEN LOANS, LLC, with
5 loans originated. Their average total fees are
$4,351, which is $262
higher than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Helena - West Helena lenders (with over 10 loans originated) are
.
The lowest rate Helena - West Helena lenders (with over 10 loans originated) are
.
Helena-West Helena, AR Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Southern Bancorp Bank | $1,830,000 | $1,985,000 | 8.5% | 20.6% |
| QUICKEN LOANS, LLC | $580,000 | $1,130,000 | 94.8% | 11.7% |
| First Community Bank | $560,000 | n/a | 5.8% | |
| Equity Prime Mortgage LLC | $455,000 | n/a | 4.7% | |
| First Southern Bank | $385,000 | n/a | 4.0% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $445,000 | $360,000 | -19.1% | 3.7% |
| 21ST MORTGAGE CORPORATION | $530,000 | $325,000 | -38.7% | 3.4% |
| PILGRIM MORTGAGE LLC | $300,000 | n/a | 3.1% | |
| Mid-Continent Funding, Inc. | $285,000 | n/a | 3.0% | |
| FLAT BRANCH MORTGAGE, INC. | $55,000 | $280,000 | 409.1% | 2.9% |
| Mortgage Research Center, LLC | $320,000 | $250,000 | -21.9% | 2.6% |
| Renasant Bank | $510,000 | $245,000 | -52.0% | 2.5% |
| TRIAD FINANCIAL SERVICES, INC. | $235,000 | n/a | 2.4% | |
| FIRST COMMUNITY MORTGAGE, INC. | $120,000 | $230,000 | 91.7% | 2.4% |
| ARKANSAS Federal Credit Union | $105,000 | $205,000 | 95.2% | 2.1% |
| NAVY FEDERAL CREDIT UNION | $155,000 | $190,000 | 22.6% | 2.0% |
| COMMUNITY MORTGAGE CORPORATION | $155,000 | $185,000 | 19.4% | 1.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $65,000 | $185,000 | 184.6% | 1.9% |
| LOANDEPOT.COM, LLC | $545,000 | $180,000 | -67.0% | 1.9% |
| AMERICAN HERITAGE LENDING, INC. | $145,000 | n/a | 1.5% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $130,000 | n/a | 1.3% | |
| FirstTrust Home Loans, Inc. | $620,000 | $95,000 | -84.7% | 1.0% |
| First National Bank of Eastern Arkansas | $35,000 | $85,000 | 142.9% | 0.9% |
| ACADEMY MORTGAGE CORPORATION | $75,000 | n/a | 0.8% | |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $75,000 | n/a | 0.8% | |
| BROKER SOLUTIONS, INC. | $225,000 | $75,000 | -66.7% | 0.8% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $70,000 | n/a | 0.7% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $65,000 | n/a | 0.7% | |
| Wells Fargo Bank | $250,000 | $65,000 | -74.0% | 0.7% |
| NFM, INC. | $55,000 | n/a | 0.6% | |
| NEWREZ LLC | $35,000 | $35,000 | 0.0% | 0.4% |
Helena - West Helena's top lender by overall market share is Southern Bancorp Bank, with 20.6% market share. In second place, with 11.7%, is QUICKEN LOANS, LLC, having originated $1,130,000 in loans. In third place, with 5.8%, is First Community Bank, having originated $560,000 in loans. In fourth place, with 4.7%, is Equity Prime Mortgage LLC, having originated $455,000 in loans. In fifth place, with 4.0%, is First Southern Bank, having originated $385,000 in loans.
Helena-West Helena, AR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 65 | $7,265,000 | $111,769 |
| Refi | 15 | $1,085,000 | $72,333 |
| Home Improvement | 12 | $390,000 | $32,500 |
| Other | 6 | $470,000 | $78,333 |
| Cash Out Refi | 3 | $445,000 | $148,333 |
Helena - West Helena's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 15 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 35 | $2,045,000 | $58,429 |
| 6-7% | 32 | $3,660,000 | $114,375 |
| 7-8% | 23 | $2,395,000 | $104,130 |
| 5-6% | 2 | $260,000 | $130,000 |
| 3-4% | 1 | $185,000 | $185,000 |
During 2023, Helena - West Helena's most frequently originated rate bucket was Over 8%, with 35 originations.
Loan Sizing (Helena-West Helena, AR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 69 | $3,665,000 | $53,116 |
| $100k-200k | 23 | $3,335,000 | $145,000 |
| $200k-400k | 8 | $2,200,000 | $275,000 |
| $400k-600k | 1 | $455,000 | $455,000 |
Helena - West Helena's loan sizing saw the bucket of loans from $100,000 or less with 69 originations, totaling $3,665,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 53 | $6,265,000 | $118,208 |
| 60-80% | 17 | $1,045,000 | $61,471 |
| 20-40% | 10 | $340,000 | $34,000 |
| 40-60% | 9 | $625,000 | $69,444 |
| Under 20% | 2 | $10,000 | $5,000 |
| Over 100% | 1 | $75,000 | $75,000 |
Helena - West Helena's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 53 originations, totaling $6,265,000 in origination value.