Helena - West Helena Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Helena-West Helena, AR.

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.