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 7.12% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

The average rate for the prior week (2023-11-22) was 7.19% and one month ago for the week of 2023-10-26, the average rate was 7.89%.

Helena - West Helena's average rate one year ago was 6.38%.

For refis of the same type during the week of 2023-11-30, the average rate was 7.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-30 7.22%
Helena - West Helena 30 Year Fixed Rate 2023-11-30 7.12%
Helena - West Helena 30 Year Fixed Rate Refi 2023-11-30 7.32%
Helena - West Helena 15 Year Fixed Rate 2023-11-30 6.66%
Helena - West Helena 15 Year Fixed Rate Refi 2023-11-30 6.76%
Helena - West Helena 30 Year FHA 2023-11-30 6.75%
Helena - West Helena 30 Year FHA Refi 2023-11-30 7.15%
Helena - West Helena 30 Year USDA 2023-11-30 6.9%
Helena - West Helena 30 Year USDA Refi 2023-11-30 6.8%
Helena - West Helena 30 Year VA 2023-11-30 6.77%
Helena - West Helena 30 Year VA Refi 2023-11-30 6.77%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Renasant Bank 2 5.43% $3,602
MORTGAGE FINANCIAL SERVICES, LLC 2 5.94% $3,939
QUICKEN LOANS, LLC 2 6.37% $4,131
Regions Bank 2 4.56% $4,013
FirstTrust Home Loans, Inc. 1 5.25% $3,884
FLAT BRANCH MORTGAGE, INC. 1 6.49% $3,092
Gateway First Bank 1 4.75% $2,312
JPMorgan Chase Bank 1 3.38% $500
SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $3,977
T2 FINANCIAL LLC 1 3.88% $4,051
Bank of America 1 6.13% $3,541
TECH Credit Union 1 6.38% $4,741
BROKER SOLUTIONS, INC. 1 5.63% $4,412
Centennial Bank 1 4.00% $3,507
Eagle Bank and Trust Company 1 4.88% $2,643

Helena - West Helena Average Closing Costs & Other Stats

Helena-West Helena, AR's 15 lenders originated 123 loans during 2022. The total origination value was $11,365,000, with an average loan value of $92,398.

Helena - West Helena's average closing costs are $3,695.

The top Helena - West Helena lender as defined by loan originations is Renasant Bank, with 2 loans originated. Their average total fees are $3,602, which is $338 lower than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Southern Bancorp Bank $2,905,000 $1,830,000 -37.0% 16.1%
FirstTrust Home Loans, Inc. $620,000 $620,000 0.0% 5.5%
QUICKEN LOANS, LLC $1,915,000 $580,000 -69.7% 5.1%
LOANDEPOT.COM, LLC $350,000 $545,000 55.7% 4.8%
21ST MORTGAGE CORPORATION $295,000 $530,000 79.7% 4.7%
Renasant Bank $970,000 $510,000 -47.4% 4.5%
Regions Bank $495,000 n/a 4.4%
MORTGAGE FINANCIAL SERVICES, LLC $395,000 $445,000 12.7% 3.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $190,000 $435,000 128.9% 3.8%
Centennial Bank $885,000 $380,000 -57.1% 3.3%
PENNYMAC LOAN SERVICES, LLC $380,000 n/a 3.3%
Mortgage Research Center, LLC $185,000 $320,000 73.0% 2.8%
Bank of America $105,000 $265,000 152.4% 2.3%
Wells Fargo Bank $155,000 $250,000 61.3% 2.2%
BROKER SOLUTIONS, INC. $35,000 $225,000 542.9% 2.0%
JPMorgan Chase Bank $255,000 $225,000 -11.8% 2.0%
Cornerstone Bank $195,000 n/a 1.7%
COMMUNITY MORTGAGE CORPORATION $85,000 $155,000 82.4% 1.4%
NAVY FEDERAL CREDIT UNION $75,000 $155,000 106.7% 1.4%
T2 FINANCIAL LLC $145,000 n/a 1.3%
GSF Mortgage Corporation $135,000 n/a 1.2%
SOVEREIGN LENDING GROUP INCORPORATED $125,000 n/a 1.1%
TECH Credit Union $125,000 n/a 1.1%
FIRST COMMUNITY MORTGAGE, INC. $600,000 $120,000 -80.0% 1.1%
NBKC BANK $115,000 n/a 1.0%
ARKANSAS Federal Credit Union $50,000 $105,000 110.0% 0.9%
Hometown Lenders, Inc. $95,000 n/a 0.8%
USAA Federal Savings Bank $75,000 n/a 0.7%
Evolve Bank & Trust $65,000 n/a 0.6%
Mr. Cooper ( Nationstar Mortgage ) $65,000 n/a 0.6%
EVERETT FINANCIAL, INC. $55,000 n/a 0.5%
FLAT BRANCH MORTGAGE, INC. $325,000 $55,000 -83.1% 0.5%
FEDEX EMPLOYEES CREDIT ASSOCIATION $45,000 n/a 0.4%
Eagle Bank and Trust Company $265,000 $35,000 -86.8% 0.3%
First National Bank of Eastern Arkansas $35,000 n/a 0.3%
NEWREZ LLC $135,000 $35,000 -74.1% 0.3%
Gateway First Bank $25,000 n/a 0.2%

Helena - West Helena's top lender by overall market share is Southern Bancorp Bank, with 16.1% market share. In second place, with 5.5%, is FirstTrust Home Loans, Inc., having originated $620,000 in loans. In third place, with 5.1%, is QUICKEN LOANS, LLC, having originated $580,000 in loans. In fourth place, with 4.8%, is LOANDEPOT.COM, LLC, having originated $545,000 in loans. In fifth place, with 4.7%, is 21ST MORTGAGE CORPORATION, having originated $530,000 in loans.

Helena-West Helena, AR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 78 $8,030,000 $102,949
Refi 20 $1,510,000 $75,500
Cash Out Refi 12 $1,140,000 $95,000
Home Improvement 9 $485,000 $53,889
Other 4 $200,000 $50,000

Helena - West Helena's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 20 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 28 $3,100,000 $110,714
5-6% 28 $2,610,000 $93,214
4-5% 18 $1,230,000 $68,333
6-7% 17 $1,685,000 $99,118
7-8% 5 $415,000 $83,000
Over 8% 4 $370,000 $92,500
<2.5% 2 $170,000 $85,000
2.5-3% 1 $185,000 $185,000

During 2022, Helena - West Helena's most frequently originated rate bucket was 3-4%, with 28 originations.

Loan Sizing (Helena-West Helena, AR MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 78 $3,730,000 $47,821
$100k-200k 35 $4,935,000 $141,000
$200k-400k 9 $2,155,000 $239,444
$400k-600k 1 $545,000 $545,000

Helena - West Helena's loan sizing saw the bucket of loans from $100,000 or less with 78 originations, totaling $3,730,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 50 $5,720,000 $114,400
60-80% 30 $2,470,000 $82,333
40-60% 14 $1,020,000 $72,857
20-40% 4 $100,000 $25,000
Under 20% 3 $65,000 $21,667
Over 100% 2 $390,000 $195,000

Helena - West Helena's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 50 originations, totaling $5,720,000 in origination value.