Mountain Home Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mountain Home averaged
6.54%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.57% and
one month ago for the week of 2024-10-03, the
average rate was 5.97%.
Mountain Home's average rate one year ago was 7.91%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Mountain Home 30 Year Fixed Rate | 2024-11-07 | 6.54% |
| Mountain Home 30 Year Fixed Rate Refi | 2024-11-07 | 6.99% |
| Mountain Home 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Mountain Home 15 Year Fixed Rate Refi | 2024-11-07 | 5.9% |
| Mountain Home 30 Year FHA | 2024-11-07 | 6.63% |
| Mountain Home 30 Year FHA Refi | 2024-11-07 | 6.73% |
| Mountain Home 30 Year USDA | 2024-11-07 | 6.48% |
| Mountain Home 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Mountain Home 30 Year VA | 2024-11-07 | 6.24% |
| Mountain Home 30 Year VA Refi | 2024-11-07 | 6.54% |
Mountain Home 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 Mountain Home, 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.).
Mountain Home Average Closing Costs & Other Stats
Mountain Home, AR's 52 lenders originated 834
loans during 2023. The total origination value was $151,680,000, with an average loan value of
$181,871.
Mountain Home's average closing costs are $3,686.
The top Mountain Home lender as defined by loan originations is Arvest Bank, with
37 loans originated. Their average total fees are
$2,789, which is $767
lower than the next largest lender,
First Community Bank.
The lowest fee Mountain Home lenders (with over 10 loans originated) are
First Security Bank ($2,238), Arvest Bank ($2,789), First Community Bank ($3,556), Plains Commerce Bank ($4,577) and QUICKEN LOANS, LLC ($4,897).
The lowest rate Mountain Home lenders (with over 10 loans originated) are
First Security Bank (6.51%), Plains Commerce Bank (6.63%), Arvest Bank (6.69%), QUICKEN LOANS, LLC (6.78%) and First Community Bank (7.03%).
Mountain Home, 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 |
|---|---|---|---|---|
| MID AMERICA MORTGAGE, INC. | $38,865,000 | $37,895,000 | -2.5% | 25.0% |
| Arvest Bank | $23,660,000 | $23,765,000 | 0.4% | 15.7% |
| Anstaff Bank | $20,075,000 | $11,500,000 | -42.7% | 7.6% |
| The Farmers & Merchants Bank | $5,140,000 | $8,625,000 | 67.8% | 5.7% |
| First Security Bank | $14,025,000 | $6,915,000 | -50.7% | 4.6% |
| First Community Bank | $19,390,000 | $5,640,000 | -70.9% | 3.7% |
| QUICKEN LOANS, LLC | $9,675,000 | $4,815,000 | -50.2% | 3.2% |
| FNBC Bank | $4,995,000 | $4,465,000 | -10.6% | 2.9% |
| Plains Commerce Bank | $13,280,000 | $3,875,000 | -70.8% | 2.6% |
| Southern Bank | $290,000 | $3,705,000 | 1,177.6% | 2.4% |
| DAS Acquisition Company, LLC | $5,290,000 | $3,030,000 | -42.7% | 2.0% |
| U.S. Bank | $3,220,000 | $1,980,000 | -38.5% | 1.3% |
| ENCORE BANK | $760,000 | $1,505,000 | 98.0% | 1.0% |
| Mortgage Research Center, LLC | $4,460,000 | $1,500,000 | -66.4% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $835,000 | $1,395,000 | 67.1% | 0.9% |
| BancorpSouth | $1,180,000 | $1,330,000 | 12.7% | 0.9% |
| Baxter Credit Union | $1,625,000 | $1,305,000 | -19.7% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $4,620,000 | $1,305,000 | -71.8% | 0.9% |
| FLAT BRANCH MORTGAGE, INC. | $1,210,000 | n/a | 0.8% | |
| Centennial Bank | $1,505,000 | $1,195,000 | -20.6% | 0.8% |
| NEW DAY FINANCIAL, LLC | $1,295,000 | $950,000 | -26.6% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $1,535,000 | $895,000 | -41.7% | 0.6% |
| FirstTrust Home Loans, Inc. | $2,425,000 | $870,000 | -64.1% | 0.6% |
| LOANDEPOT.COM, LLC | $845,000 | $850,000 | 0.6% | 0.6% |
| First National Bank of North Arkansas | $635,000 | $770,000 | 21.3% | 0.5% |
| BROKER SOLUTIONS, INC. | $755,000 | $755,000 | 0.0% | 0.5% |
| The Central Trust Bank | $740,000 | n/a | 0.5% | |
| The First National Bank of Lawrence County at Walnut Ridge | $630,000 | n/a | 0.4% | |
| First National Bank | $2,305,000 | $610,000 | -73.5% | 0.4% |
| Bank OZK | $630,000 | $605,000 | -4.0% | 0.4% |
| COMMUNITYAMERICA | $580,000 | n/a | 0.4% | |
| JPMorgan Chase Bank | $355,000 | $575,000 | 62.0% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $1,360,000 | $545,000 | -59.9% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $2,095,000 | $510,000 | -75.7% | 0.3% |
| Focus Bank | $720,000 | $470,000 | -34.7% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $310,000 | $450,000 | 45.2% | 0.3% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,595,000 | $430,000 | -73.0% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $420,000 | n/a | 0.3% | |
| NETWORK CAPITAL FUNDING CORPORATION | $415,000 | n/a | 0.3% | |
| First Horizon Bank | $155,000 | $375,000 | 141.9% | 0.2% |
| Bank of England | $765,000 | $340,000 | -55.6% | 0.2% |
| GERSHMAN INVESTMENT CORP. | $340,000 | n/a | 0.2% | |
| RELIANCE FIRST CAPITAL, LLC | $320,000 | n/a | 0.2% | |
| UNITED WHOLESALE MORTGAGE, LLC | $2,155,000 | $320,000 | -85.2% | 0.2% |
| GUARANTEED RATE, INC. | $175,000 | $315,000 | 80.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $475,000 | $300,000 | -36.8% | 0.2% |
| FCS Financial FLCA | $295,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $155,000 | $285,000 | 83.9% | 0.2% |
| 21ST MORTGAGE CORPORATION | $595,000 | $275,000 | -53.8% | 0.2% |
| GUILD MORTGAGE COMPANY | $405,000 | $275,000 | -32.1% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $275,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $275,000 | n/a | 0.2% | |
| NEWREZ LLC | $220,000 | $270,000 | 22.7% | 0.2% |
| The Union State Bank of Everest | $265,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $255,000 | n/a | 0.2% | |
| Financial Federal Bank | $255,000 | n/a | 0.2% | |
| First Service Bank | $280,000 | $255,000 | -8.9% | 0.2% |
| SIRVA MORTGAGE, INC. | $255,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $250,000 | n/a | 0.2% | |
| First National Bank of Waterloo | $245,000 | n/a | 0.2% | |
| Citizens Bank | $375,000 | $240,000 | -36.0% | 0.2% |
| CMG MORTGAGE, INC. | $410,000 | $235,000 | -42.7% | 0.2% |
| First Financial Bank | $235,000 | n/a | 0.2% | |
| RESIDENTIAL BANCORP | $235,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $700,000 | $230,000 | -67.1% | 0.2% |
| Coastal Community Bank | $225,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $240,000 | $225,000 | -6.3% | 0.1% |
| MORTGAGE INVESTORS GROUP, INC. | $225,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $225,000 | n/a | 0.1% | |
| Simmons Bank | $775,000 | $225,000 | -71.0% | 0.1% |
| TELCOE FEDERAL CREDIT UNION | $205,000 | $225,000 | 9.8% | 0.1% |
| EVERETT FINANCIAL, INC. | $210,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $210,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $205,000 | n/a | 0.1% | |
| MISSOURI ELECTRIC COOPERATIVES EMPL | $260,000 | $205,000 | -21.2% | 0.1% |
| CLEARPATH LENDING | $145,000 | $185,000 | 27.6% | 0.1% |
| ARKANSAS Federal Credit Union | $380,000 | $180,000 | -52.6% | 0.1% |
| Discover Bank | $55,000 | $175,000 | 218.2% | 0.1% |
| CIS Financial Services, Inc. | $170,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $160,000 | n/a | 0.1% | |
| Farm Credit Mid-America, ACA | $155,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $145,000 | n/a | 0.1% | |
| Old National Bank | $135,000 | n/a | 0.1% | |
| Fidelity Bank | $125,000 | n/a | 0.1% | |
| Unico Bank | $460,000 | $125,000 | -72.8% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $105,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,170,000 | $105,000 | -91.0% | 0.1% |
| Regions Bank | $590,000 | $95,000 | -83.9% | 0.1% |
| OCMBC, INC. | $85,000 | n/a | 0.1% | |
| Cornerstone Bank | $75,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $65,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $65,000 | n/a | 0.0% | |
| Figure Lending LLC | $60,000 | n/a | 0.0% | |
| Farm Credit Services of Western Arkansas, ACA | $55,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $45,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $60,000 | $35,000 | -41.7% | 0.0% |
| SPRING EQ, LLC | $35,000 | n/a | 0.0% | |
| Bank of America | $125,000 | $25,000 | -80.0% | 0.0% |
| Southern Bancorp Bank | $295,000 | $25,000 | -91.5% | 0.0% |
Mountain Home's top lender by overall market share is MID AMERICA MORTGAGE, INC., with 25.0% market share. In second place, with 15.7%, is Arvest Bank, having originated $23,765,000 in loans. In third place, with 7.6%, is Anstaff Bank, having originated $11,500,000 in loans. In fourth place, with 5.7%, is The Farmers & Merchants Bank, having originated $8,625,000 in loans. In fifth place, with 4.6%, is First Security Bank, having originated $6,915,000 in loans.
Mountain Home, AR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 540 | $116,210,000 | $215,204 |
| Cash Out Refi | 90 | $13,290,000 | $147,667 |
| Home Improvement | 72 | $5,380,000 | $74,722 |
| Other | 72 | $5,180,000 | $71,944 |
| Refi | 60 | $11,620,000 | $193,667 |
Mountain Home's most frequently cited loan purpose was Home Purchase, with 540 originations. The 2nd most popular reason was Cash Out Refi, with 90 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 299 | $55,595,000 | $185,936 |
| 7-8% | 174 | $34,470,000 | $198,103 |
| Over 8% | 150 | $16,390,000 | $109,267 |
| 5-6% | 115 | $23,305,000 | $202,652 |
| 4-5% | 6 | $1,480,000 | $246,667 |
| <2.5% | 1 | $1,505,000 | $1,505,000 |
| 3-4% | 1 | $245,000 | $245,000 |
During 2023, Mountain Home's most frequently originated rate bucket was 6-7%, with 299 originations.
Loan Sizing (Mountain Home, AR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 326 | $48,290,000 | $148,129 |
| $100,000 or less | 241 | $14,035,000 | $58,237 |
| $200k-400k | 222 | $58,440,000 | $263,243 |
| $400k-600k | 30 | $13,780,000 | $459,333 |
| $600k-1000k | 10 | $7,170,000 | $717,000 |
| $Over $1MM | 5 | $9,965,000 | $1,993,000 |
Mountain Home's loan sizing saw the bucket of loans from $100k-200k with 326 originations, totaling $48,290,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 308 | $69,830,000 | $226,721 |
| 60-80% | 176 | $38,140,000 | $216,705 |
| 20-40% | 107 | $8,825,000 | $82,477 |
| 40-60% | 85 | $11,735,000 | $138,059 |
| Under 20% | 60 | $2,230,000 | $37,167 |
| Over 100% | 10 | $2,230,000 | $223,000 |
Mountain Home's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 308 originations, totaling $69,830,000 in origination value.