Russellville Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Russellville averaged 6.15% 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 5.95% and one month ago for the week of 2024-09-05, the average rate was 6.18%.

Russellville's average rate one year ago was 7.32%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.42%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Russellville 30 Year Fixed Rate 2024-10-10 6.15%
Russellville 30 Year Fixed Rate Refi 2024-10-10 6.42%
Russellville 15 Year Fixed Rate 2024-10-10 5.41%
Russellville 15 Year Fixed Rate Refi 2024-10-10 5.71%
Russellville 30 Year FHA 2024-10-10 5.96%
Russellville 30 Year FHA Refi 2024-10-10 5.9%
Russellville 30 Year USDA 2024-10-10 5.89%
Russellville 30 Year USDA Refi 2024-10-10 6.08%
Russellville 30 Year VA 2024-10-10 5.92%
Russellville 30 Year VA Refi 2024-10-10 5.85%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Russellville, AR.

Russellville 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 Russellville, 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
Arvest Bank 101 6.71% $3,208
Centennial Bank 23 6.54% $4,855
QUICKEN LOANS, LLC 22 7.01% $5,798
First Security Bank 15 6.58% $2,162
Farm Credit Services of Western Arkansas, ACA 14 7.29% $4,478
GMFS LLC 11 6.83% $3,116
PLANET HOME LENDING, LLC 10 6.35% $4,101
Eagle Bank and Trust Company 8 6.66% $2,895
Chambers Bank 8 6.67% $4,874
U.S. Bank 7 6.80% $2,883
Simmons Bank 6 6.48% $2,794
Regions Bank 5 6.48% $3,655
UNION HOME MORTGAGE CORP. 5 7.00% $5,013
Wells Fargo Bank 5 7.05% $3,723
Bank of England 4 7.09% $2,917
21ST MORTGAGE CORPORATION 4 7.94% $4,966
AMERISAVE MORTGAGE CORPORATION 3 6.58% $5,599
CORNERSTONE HOME LENDING, INC. 2 7.19% $5,375
TELCOE FEDERAL CREDIT UNION 2 6.81% $4,259
LOANDEPOT.COM, LLC 2 6.81% $6,071
DAS Acquisition Company, LLC 2 7.06% $7,908
ZILLOW HOME LOANS, LLC 2 7.25% $3,435
United Fidelity Funding Corp. 2 5.50% $3,950
UNITED WHOLESALE MORTGAGE, LLC 2 7.19% $5,438
USAA Federal Savings Bank 2 6.69% $4,025
Firstar Bank 2 6.93% $2,416
HOMESIDE FINANCIAL, LLC 2 6.94% $2,046
FLAT BRANCH MORTGAGE, INC. 2 6.38% $4,595
JPMorgan Chase Bank 2 7.43% $4,284
AMERICAN FINANCIAL NETWORK, INC. 2 6.81% $7,352
ACADEMY MORTGAGE CORPORATION 2 6.94% $3,539
Ixonia Bank 1 6.63% $11,105
LIBERTY HOME MORTGAGE CORPORATION 1 7.13% $3,938
Mid-Continent Funding, Inc. 1 7.38% $5,711
MORTGAGE ACCESS CORP. 1 6.99% $13,398
Mortgage Research Center, LLC 1 7.63% $375
Mr. Cooper ( Nationstar Mortgage ) 1 6.49% $5,835
M&T Bank 1 6.75% $3,270
PNC Bank 1 7.38% $5,079
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $3,896
STOCKTON MORTGAGE CORPORATION 1 6.00% $5,933
SWBC MORTGAGE CORPORATION 1 6.13% $1,473
The First National Bank of Fort Smith 1 6.75% $1,682
TRISTAR FINANCE, INC. 1 8.00% $5,981
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $6,601
THRIVE MORTGAGE, LLC 1 7.00% $4,185
Ameris Bank 1 7.63% $4,229
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.25% $6,681
ARC HOME LLC 1 8.00% $5,981
ARKANSAS Federal Credit Union 1 6.00% $4,095
Bank of America 1 7.63% $8,303
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 7.75% $3,566
Bank OZK 1 6.12% $2,926
BARTLETT MORTGAGE, INC. 1 6.88% $4,187
BAY EQUITY LLC 1 6.99% $4,301
Bell Bank 1 6.88% $4,641
CALCON MUTUAL MORTGAGE LLC 1 8.50% $24,188
CANOPY MORTGAGE, LLC 1 6.13% $2,770
CASTLE & COOKE MORTGAGE, LLC 1 7.63% $4,681
CORTRUST MORTGAGE, INC. 1 7.50% $5,165
CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $5,297
DIGITAL Federal Credit Union 1 5.13% $2,799
Discover Bank 1 7.24% $0
EVERETT FINANCIAL, INC. 1 6.13% $5,451
Fifth Third Bank 1 5.88% $2,472
First Community Bank 1 6.00% $3,364
First Financial Bank 1 6.75% $4,397
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.63% $1,545
FirstTrust Home Loans, Inc. 1 6.38% $3,229
FIRST WESTERN MORTGAGE, INC. 1 7.50% $2,603
FOUR POINTS 1 5.38% $1,518
Gateway First Bank 1 7.50% $2,221
GERSHMAN INVESTMENT CORP. 1 5.63% $4,952
GUARANTEED RATE, INC. 1 6.93% $2,563
GUILD MORTGAGE COMPANY 1 6.99% $3,227
Hamilton Mortgage Corporation 1 6.13% $5,178

Russellville Average Closing Costs & Other Stats

Russellville, AR's 76 lenders originated 1,359 loans during 2023. The total origination value was $198,765,000, with an average loan value of $146,258.

Russellville's average closing costs are $3,930.

The top Russellville lender as defined by loan originations is Arvest Bank, with 101 loans originated. Their average total fees are $3,208, which is $1,647 lower than the next largest lender, Centennial Bank.

The lowest fee Russellville lenders (with over 10 loans originated) are First Security Bank ($2,162), GMFS LLC ($3,116), Arvest Bank ($3,208), PLANET HOME LENDING, LLC ($4,101) and Farm Credit Services of Western Arkansas, ACA ($4,478).

The lowest rate Russellville lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC (6.35%), Centennial Bank (6.54%), First Security Bank (6.58%), Arvest Bank (6.71%) and GMFS LLC (6.83%).

Russellville, 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
Arvest Bank $54,285,000 $43,260,000 -20.3% 21.8%
QUICKEN LOANS, LLC $16,175,000 $11,525,000 -28.7% 5.8%
Chambers Bank $13,620,000 $9,360,000 -31.3% 4.7%
GMFS LLC $15,870,000 $8,210,000 -48.3% 4.1%
Centennial Bank $11,400,000 $7,665,000 -32.8% 3.9%
First Security Bank $26,720,000 $7,370,000 -72.4% 3.7%
Simmons Bank $13,065,000 $6,210,000 -52.5% 3.1%
CORNERSTONE HOME LENDING, INC. $1,425,000 $6,120,000 329.5% 3.1%
Regions Bank $9,975,000 $4,885,000 -51.0% 2.5%
Mortgage Research Center, LLC $7,205,000 $4,550,000 -36.8% 2.3%
Diamond Bank $3,330,000 $4,130,000 24.0% 2.1%
UNION HOME MORTGAGE CORP. $8,810,000 $3,925,000 -55.4% 2.0%
Farm Credit Services of Western Arkansas, ACA $3,395,000 $3,840,000 13.1% 1.9%
PLANET HOME LENDING, LLC $260,000 $3,805,000 1,363.5% 1.9%
Bank of England $6,270,000 $2,775,000 -55.7% 1.4%
21ST MORTGAGE CORPORATION $2,000,000 $2,745,000 37.3% 1.4%
U.S. Bank $2,985,000 $2,725,000 -8.7% 1.4%
Eagle Bank and Trust Company $1,455,000 $2,445,000 68.0% 1.2%
CALCON MUTUAL MORTGAGE LLC $1,435,000 n/a 0.7%
USAA Federal Savings Bank $2,020,000 $1,355,000 -32.9% 0.7%
United Fidelity Funding Corp. $2,895,000 $1,350,000 -53.4% 0.7%
INTERLINC MORTGAGE SERVICES, LLC $1,020,000 $1,340,000 31.4% 0.7%
NAVY FEDERAL CREDIT UNION $2,120,000 $1,280,000 -39.6% 0.6%
TRIAD FINANCIAL SERVICES, INC. $695,000 $1,240,000 78.4% 0.6%
FirstTrust Home Loans, Inc. $1,780,000 $1,215,000 -31.7% 0.6%
Bank OZK $1,395,000 $1,210,000 -13.3% 0.6%
LOANDEPOT.COM, LLC $2,445,000 $1,115,000 -54.4% 0.6%
Wells Fargo Bank $1,810,000 $1,110,000 -38.7% 0.6%
AMERISAVE MORTGAGE CORPORATION $1,270,000 $1,080,000 -15.0% 0.5%
UNITED WHOLESALE MORTGAGE, LLC $390,000 $1,015,000 160.3% 0.5%
ARKANSAS Federal Credit Union $1,220,000 $945,000 -22.5% 0.5%
MORTGAGE ACCESS CORP. $2,375,000 $915,000 -61.5% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $135,000 $910,000 574.1% 0.5%
Bank of America $385,000 $905,000 135.1% 0.5%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,355,000 $870,000 -35.8% 0.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $705,000 $865,000 22.7% 0.4%
FREEDOM MORTGAGE CORPORATION $1,830,000 $860,000 -53.0% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $4,860,000 $815,000 -83.2% 0.4%
EVERETT FINANCIAL, INC. $95,000 $795,000 736.8% 0.4%
DAS Acquisition Company, LLC $410,000 $705,000 72.0% 0.4%
AMCAP MORTGAGE, LTD. $45,000 $695,000 1,444.4% 0.3%
Southern Bancorp Bank $690,000 n/a 0.3%
TELCOE FEDERAL CREDIT UNION $1,350,000 $620,000 -54.1% 0.3%
BROKER SOLUTIONS, INC. $585,000 $610,000 4.3% 0.3%
COMMUNITY MORTGAGE CORPORATION $595,000 n/a 0.3%
AMERICAN FINANCIAL NETWORK, INC. $585,000 n/a 0.3%
Mid-Continent Funding, Inc. $585,000 n/a 0.3%
M&T Bank $125,000 $565,000 352.0% 0.3%
Gateway First Bank $1,985,000 $540,000 -72.8% 0.3%
ZILLOW HOME LOANS, LLC $75,000 $515,000 586.7% 0.3%
First Savings Bank $505,000 n/a 0.3%
Firstar Bank $130,000 $480,000 269.2% 0.2%
PNC Bank $445,000 $470,000 5.6% 0.2%
LOANPAL, LLC $680,000 $460,000 -32.4% 0.2%
Coastal Community Bank $450,000 n/a 0.2%
BANK OF LITTLE ROCK MORTGAGE CORPORATION $155,000 $445,000 187.1% 0.2%
Discover Bank $235,000 $435,000 85.1% 0.2%
CARDINAL FINANCIAL $585,000 $420,000 -28.2% 0.2%
Hamilton Mortgage Corporation $555,000 $415,000 -25.2% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $410,000 $395,000 -3.7% 0.2%
ACADEMY MORTGAGE CORPORATION $135,000 $365,000 170.4% 0.2%
BancorpSouth $355,000 n/a 0.2%
First Arkansas Bank and Trust $340,000 n/a 0.2%
Ameris Bank $335,000 n/a 0.2%
Carrington Mortgage Services, LLC $515,000 $335,000 -35.0% 0.2%
FLAT BRANCH MORTGAGE, INC. $860,000 $330,000 -61.6% 0.2%
BAY EQUITY LLC $215,000 $325,000 51.2% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $1,695,000 $325,000 -80.8% 0.2%
Origin Bank $325,000 n/a 0.2%
First Financial Bank $390,000 $320,000 -17.9% 0.2%
STOCKTON MORTGAGE CORPORATION $700,000 $320,000 -54.3% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $305,000 n/a 0.2%
Bell Bank $305,000 n/a 0.2%
DIGITAL Federal Credit Union $305,000 n/a 0.2%
JPMorgan Chase Bank $660,000 $305,000 -53.8% 0.2%
Southern Bank $305,000 n/a 0.2%
GUARANTEED RATE, INC. $300,000 n/a 0.2%
United Community Bank $260,000 $300,000 15.4% 0.2%
BARTLETT MORTGAGE, INC. $295,000 n/a 0.1%
First Community Bank $700,000 $290,000 -58.6% 0.1%
ARC HOME LLC $275,000 n/a 0.1%
ENCORE BANK $12,965,000 $275,000 -97.9% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $510,000 $275,000 -46.1% 0.1%
TRISTAR FINANCE, INC. $275,000 n/a 0.1%
Ixonia Bank $265,000 n/a 0.1%
GERSHMAN INVESTMENT CORP. $705,000 $250,000 -64.5% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $165,000 $250,000 51.5% 0.1%
THRIVE MORTGAGE, LLC $1,715,000 $250,000 -85.4% 0.1%
CANOPY MORTGAGE, LLC $245,000 n/a 0.1%
CORTRUST MORTGAGE, INC. $245,000 n/a 0.1%
LONGBRIDGE FINANCIAL, LLC $145,000 $240,000 65.5% 0.1%
RELIANCE FIRST CAPITAL, LLC $325,000 $240,000 -26.2% 0.1%
Figure Lending LLC $100,000 $235,000 135.0% 0.1%
FIRST INTEGRITY MORTGAGE SERVICES, INC. $235,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $175,000 $225,000 28.6% 0.1%
Citizens Bank $490,000 $220,000 -55.1% 0.1%
HOMESIDE FINANCIAL, LLC $220,000 n/a 0.1%
The Federal Savings Bank $225,000 $215,000 -4.4% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $205,000 n/a 0.1%
CIS Financial Services, Inc. $85,000 $195,000 129.4% 0.1%
FOUR POINTS $275,000 $195,000 -29.1% 0.1%
VERITAS FUNDING, LLC $195,000 n/a 0.1%
FIRST WESTERN MORTGAGE, INC. $185,000 n/a 0.1%
GUILD MORTGAGE COMPANY $145,000 $180,000 24.1% 0.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $175,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $155,000 n/a 0.1%
SOUTHWEST STAGE FUNDING, LLC $235,000 $155,000 -34.0% 0.1%
The Huntington National Bank $155,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $155,000 n/a 0.1%
AMERICAN HERITAGE LENDING, INC. $145,000 n/a 0.1%
ENDEAVOR CAPITAL, LLC. $280,000 $145,000 -48.2% 0.1%
MID AMERICA MORTGAGE, INC. $515,000 $135,000 -73.8% 0.1%
MORTGAGE INVESTORS GROUP, INC. $135,000 n/a 0.1%
PENNYMAC LOAN SERVICES, LLC $1,975,000 $135,000 -93.2% 0.1%
ROYAL UNITED MORTGAGE LLC $305,000 $135,000 -55.7% 0.1%
SENTE MORTGAGE, INC. $530,000 $135,000 -74.5% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $145,000 $125,000 -13.8% 0.1%
CASTLE & COOKE MORTGAGE, LLC $125,000 n/a 0.1%
Fifth Third Bank $125,000 n/a 0.1%
PILGRIM MORTGAGE LLC $540,000 $125,000 -76.9% 0.1%
SWBC MORTGAGE CORPORATION $125,000 n/a 0.1%
TEMPLE VIEW CAPITAL FUNDING, LP $125,000 n/a 0.1%
Central Bank $345,000 $115,000 -66.7% 0.1%
Cornerstone Bank $95,000 $115,000 21.1% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $215,000 $115,000 -46.5% 0.1%
North American Savings Bank, F.S.B. $115,000 n/a 0.1%
The First National Bank of Fort Smith $135,000 $115,000 -14.8% 0.1%
Anstaff Bank $105,000 n/a 0.1%
GSF Mortgage Corporation $420,000 $105,000 -75.0% 0.1%
Hometown Equity Mortgage, LLC $105,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $250,000 $95,000 -62.0% 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $400,000 $85,000 -78.8% 0.0%
NEW DAY FINANCIAL, LLC $975,000 $65,000 -93.3% 0.0%
Bethpage Federal Credit Union $55,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $200,000 $55,000 -72.5% 0.0%
CSL Financial, LLC $110,000 $55,000 -50.0% 0.0%
FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.0%
First Service Bank $55,000 n/a 0.0%
Servion, Inc. $135,000 $55,000 -59.3% 0.0%
SPRING EQ, LLC $140,000 $55,000 -60.7% 0.0%
UNITED $535,000 $55,000 -89.7% 0.0%
Flagstar Bank, FSB $565,000 $35,000 -93.8% 0.0%
American Airlines Federal Credit Union $25,000 n/a 0.0%
MidFirst Bank $25,000 n/a 0.0%
Truity Federal Credit Union $25,000 n/a 0.0%

Russellville's top lender by overall market share is Arvest Bank, with 21.8% market share. In second place, with 5.8%, is QUICKEN LOANS, LLC, having originated $11,525,000 in loans. In third place, with 4.7%, is Chambers Bank, having originated $9,360,000 in loans. In fourth place, with 4.1%, is GMFS LLC, having originated $8,210,000 in loans. In fifth place, with 3.9%, is Centennial Bank, having originated $7,665,000 in loans.

Russellville, AR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 872 $144,280,000 $165,459
Home Improvement 141 $8,045,000 $57,057
Refi 135 $23,055,000 $170,778
Cash Out Refi 109 $16,905,000 $155,092
Other 102 $6,480,000 $63,529

Russellville's most frequently cited loan purpose was Home Purchase, with 872 originations. The 2nd most popular reason was Home Improvement, with 141 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 483 $78,905,000 $163,364
Over 8% 335 $29,595,000 $88,343
7-8% 261 $40,915,000 $156,762
5-6% 164 $29,790,000 $181,646
4-5% 10 $1,740,000 $174,000
<2.5% 3 $185,000 $61,667
3-4% 1 $25,000 $25,000
2.5-3% 1 $315,000 $315,000

During 2023, Russellville's most frequently originated rate bucket was 6-7%, with 483 originations.

Loan Sizing (Russellville, AR MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 557 $80,715,000 $144,910
$100,000 or less 503 $26,865,000 $53,410
$200k-400k 257 $68,595,000 $266,907
$400k-600k 33 $15,245,000 $461,970
$600k-1000k 7 $5,015,000 $716,429
$Over $1MM 2 $2,330,000 $1,165,000

Russellville's loan sizing saw the bucket of loans from $100k-200k with 557 originations, totaling $80,715,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 578 $104,970,000 $181,609
60-80% 262 $45,090,000 $172,099
20-40% 153 $10,435,000 $68,203
Under 20% 148 $4,470,000 $30,203
40-60% 94 $11,440,000 $121,702
Over 100% 18 $4,480,000 $248,889

Russellville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 578 originations, totaling $104,970,000 in origination value.