Russellville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Russellville averaged
6.92%
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
6.75% and
one month ago for the week of 2024-10-03, the
average rate was 5.95%.
Russellville's average rate one year ago was 7.79%.
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% |
| Russellville 30 Year Fixed Rate | 2024-11-07 | 6.92% |
| Russellville 30 Year Fixed Rate Refi | 2024-11-07 | 6.99% |
| Russellville 15 Year Fixed Rate | 2024-11-07 | 6% |
| Russellville 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Russellville 30 Year FHA | 2024-11-07 | 6.18% |
| Russellville 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Russellville 30 Year USDA | 2024-11-07 | 6.39% |
| Russellville 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Russellville 30 Year VA | 2024-11-07 | 6.6% |
| Russellville 30 Year VA Refi | 2024-11-07 | 6.44% |
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.).
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.