Hope Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hope averaged
6.96%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
6.81% and
one month ago for the week of 2025-04-17, the
average rate was 6.83%.
Hope's average rate one year ago was 6.92%.
For refis of the same type during the week of 2025-05-22, the average rate
was 7.06%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Hope 30 Year Fixed Rate | 2025-05-22 | 6.96% |
| Hope 30 Year Fixed Rate Refi | 2025-05-22 | 7.06% |
| Hope 15 Year Fixed Rate | 2025-05-22 | 5.81% |
| Hope 15 Year Fixed Rate Refi | 2025-05-22 | 6.61% |
| Hope 30 Year FHA | 2025-05-22 | 6.61% |
| Hope 30 Year FHA Refi | 2025-05-22 | 6.71% |
| Hope 30 Year USDA | 2025-05-22 | 6.23% |
| Hope 30 Year USDA Refi | 2025-05-22 | 6.43% |
| Hope 30 Year VA | 2025-05-22 | 6.62% |
| Hope 30 Year VA Refi | 2025-05-22 | 6.32% |
Hope 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 Hope, 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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| QUICKEN LOANS, LLC | 11 | 6.82% | $5,273 |
| BancorpSouth | 7 | 6.70% | $5,168 |
| SWBC MORTGAGE CORPORATION | 3 | 6.50% | $4,058 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 6.75% | $4,415 |
| Farm Credit Services of Western Arkansas, ACA | 2 | 6.75% | $5,935 |
| ZILLOW HOME LOANS, LLC | 2 | 6.38% | $4,144 |
| JPMorgan Chase Bank | 2 | 6.94% | $3,280 |
| LOANDEPOT.COM, LLC | 2 | 7.06% | $5,654 |
| AMERICAN FINANCIAL RESOURCES, INC. | 1 | 6.88% | $4,255 |
| LOANPAL, LLC | 1 | 5.99% | $6,326 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 7.13% | $7,233 |
| NEWREZ LLC | 1 | 6.50% | $5,570 |
| Regions Bank | 1 | 7.13% | $3,417 |
| ROYAL UNITED MORTGAGE LLC | 1 | 7.13% | $6,915 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 8.63% | $5,630 |
| Independent Bank | 1 | 6.25% | $4,459 |
| ARKANSAS Federal Credit Union | 1 | 6.25% | $5,056 |
| Bank of England | 1 | 7.13% | $3,780 |
| Bank OZK | 1 | 6.25% | $3,405 |
| Barrington Bank & Trust Company, N.A. | 1 | 6.99% | $3,508 |
| BOKF | 1 | 8.13% | $3,808 |
| DELMAR FINANCIAL COMPANY | 1 | 6.50% | $3,133 |
| Eagle Bank and Trust Company | 1 | 6.50% | $3,056 |
Hope Average Closing Costs & Other Stats
Hope, AR's 23 lenders originated 264
loans during 2024. The total origination value was $30,350,000, with an average loan value of
$114,962.
Hope's average closing costs are $4,028.
The top Hope lender as defined by loan originations is QUICKEN LOANS, LLC, with
11 loans originated. Their average total fees are
$5,273, which is $105
higher than the next largest lender,
BancorpSouth.
The lowest fee Hope lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($5,273), .
The lowest rate Hope lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.82%), .
Hope, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| SWBC MORTGAGE CORPORATION | $3,360,000 | $3,300,000 | -1.8% | 10.9% |
| Farmers Bank & Trust Company | $5,465,000 | $3,060,000 | -44.0% | 10.1% |
| BancorpSouth | $3,445,000 | $2,895,000 | -16.0% | 9.5% |
| QUICKEN LOANS, LLC | $2,395,000 | $2,455,000 | 2.5% | 8.1% |
| Diamond Bank | $980,000 | $2,085,000 | 112.8% | 6.9% |
| Mortgage Research Center, LLC | $860,000 | $1,305,000 | 51.7% | 4.3% |
| 21ST MORTGAGE CORPORATION | $1,920,000 | $1,210,000 | -37.0% | 4.0% |
| RED RIVER EMPLOYEES | $1,235,000 | $1,140,000 | -7.7% | 3.8% |
| The First National Bank of Tom Bean | $740,000 | $1,045,000 | 41.2% | 3.4% |
| PENNYMAC LOAN SERVICES, LLC | $235,000 | $985,000 | 319.1% | 3.2% |
| TRIAD FINANCIAL SERVICES, INC. | $645,000 | $830,000 | 28.7% | 2.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $630,000 | $680,000 | 7.9% | 2.2% |
| MORTGAGE FINANCIAL SERVICES, LLC | $420,000 | $565,000 | 34.5% | 1.9% |
| BROKER SOLUTIONS, INC. | $295,000 | $535,000 | 81.4% | 1.8% |
| Farm Credit Services of Western Arkansas, ACA | $790,000 | $535,000 | -32.3% | 1.8% |
| LOANDEPOT.COM, LLC | $345,000 | $490,000 | 42.0% | 1.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $450,000 | n/a | 1.5% | |
| ZILLOW HOME LOANS, LLC | $410,000 | n/a | 1.4% | |
| Regions Bank | $190,000 | $375,000 | 97.4% | 1.2% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $365,000 | n/a | 1.2% | |
| Bank of England | $55,000 | $350,000 | 536.4% | 1.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $280,000 | n/a | 0.9% | |
| Bank OZK | $260,000 | n/a | 0.9% | |
| Eagle Bank and Trust Company | $260,000 | n/a | 0.9% | |
| NEWREZ LLC | $205,000 | $250,000 | 22.0% | 0.8% |
| UNITED BUILT HOMES, L.L.C. | $480,000 | $245,000 | -49.0% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $230,000 | n/a | 0.8% | |
| JPMorgan Chase Bank | $295,000 | $220,000 | -25.4% | 0.7% |
| NEW DAY FINANCIAL, LLC | $215,000 | n/a | 0.7% | |
| UNITED WHOLESALE MORTGAGE, LLC | $290,000 | $200,000 | -31.0% | 0.7% |
| ARKANSAS Federal Credit Union | $160,000 | $195,000 | 21.9% | 0.6% |
| SOUTHWEST STAGE FUNDING, LLC | $85,000 | $195,000 | 129.4% | 0.6% |
| STANFORD Federal Credit Union | $185,000 | n/a | 0.6% | |
| GUARANTEED RATE, INC. | $175,000 | n/a | 0.6% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $185,000 | $165,000 | -10.8% | 0.5% |
| Southern Bancorp Bank | $55,000 | $160,000 | 190.9% | 0.5% |
| Arvest Bank | $175,000 | $155,000 | -11.4% | 0.5% |
| MORTGAGEONE, INC. | $155,000 | n/a | 0.5% | |
| NAVY FEDERAL CREDIT UNION | $45,000 | $145,000 | 222.2% | 0.5% |
| AMERICAN FINANCIAL RESOURCES, INC. | $125,000 | n/a | 0.4% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $125,000 | n/a | 0.4% | |
| VILLAGE CAPITAL MORTGAGE | $125,000 | n/a | 0.4% | |
| American Mortgage Bank, LLC | $115,000 | n/a | 0.4% | |
| Equity Prime Mortgage LLC | $115,000 | n/a | 0.4% | |
| LOANPAL, LLC | $115,000 | n/a | 0.4% | |
| ROYAL UNITED MORTGAGE LLC | $115,000 | n/a | 0.4% | |
| Horatio State Bank | $170,000 | $100,000 | -41.2% | 0.3% |
| FBT Bank & Mortgage | $90,000 | n/a | 0.3% | |
| Independent Bank | $85,000 | n/a | 0.3% | |
| PILGRIM MORTGAGE LLC | $85,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $75,000 | n/a | 0.2% | |
| BOKF | $65,000 | n/a | 0.2% | |
| Deere Employees Credit Union | $65,000 | n/a | 0.2% | |
| DELMAR FINANCIAL COMPANY | $55,000 | n/a | 0.2% | |
| U.S. Bank | $150,000 | $55,000 | -63.3% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $180,000 | $35,000 | -80.6% | 0.1% |
| Bank of America | $25,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $25,000 | n/a | 0.1% |
Hope's top lender by overall market share is SWBC MORTGAGE CORPORATION, with 10.9% market share. In second place, with 10.1%, is Farmers Bank & Trust Company, having originated $3,060,000 in loans. In third place, with 9.5%, is BancorpSouth, having originated $2,895,000 in loans. In fourth place, with 8.1%, is QUICKEN LOANS, LLC, having originated $2,455,000 in loans. In fifth place, with 6.9%, is Diamond Bank, having originated $2,085,000 in loans.
Hope, AR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 152 | $20,180,000 | $132,763 |
| Refi | 52 | $5,320,000 | $102,308 |
| Cash Out Refi | 28 | $2,900,000 | $103,571 |
| Other | 19 | $1,385,000 | $72,895 |
| Home Improvement | 13 | $565,000 | $43,462 |
Hope's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Refi, with 52 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 85 | $7,255,000 | $85,353 |
| 6-7% | 71 | $11,105,000 | $156,408 |
| 7-8% | 41 | $4,825,000 | $117,683 |
| 5-6% | 22 | $2,540,000 | $115,455 |
| 4-5% | 1 | $165,000 | $165,000 |
During 2024, Hope's most frequently originated rate bucket was Over 8%, with 85 originations.
Loan Sizing (Hope, AR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 140 | $8,140,000 | $58,143 |
| $100k-200k | 90 | $13,160,000 | $146,222 |
| $200k-400k | 33 | $8,595,000 | $260,455 |
| $400k-600k | 1 | $455,000 | $455,000 |
Hope's loan sizing saw the bucket of loans from $100,000 or less with 140 originations, totaling $8,140,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 118 | $16,380,000 | $138,814 |
| 60-80% | 36 | $4,980,000 | $138,333 |
| 20-40% | 28 | $1,550,000 | $55,357 |
| 40-60% | 19 | $1,885,000 | $99,211 |
| Under 20% | 14 | $300,000 | $21,429 |
| Over 100% | 3 | $505,000 | $168,333 |
Hope's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 118 originations, totaling $16,380,000 in origination value.