Arkansas USDA Loan Rates, Closing Costs & Stats

Arkansas

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Arkansas USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Arkansas averaged 6.55% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Arkansas's average USDA mortgage closing costs are $4,128.

    The average rate for the prior week (2024-11-01) was 6.42% and one month ago for the week of 2024-10-04, the average rate was 5.94%.

    The average rate one year ago was 7.18%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.56%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Arkansas USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Arkansas level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FirstTrust Home Loans, Inc. 228 6.86% $5,781
    EVERETT FINANCIAL, INC. 151 6.87% $5,609
    DAS Acquisition Company, LLC 119 7.02% $5,715
    Arvest Bank 77 6.63% $4,982
    FLAT BRANCH MORTGAGE, INC. 55 6.85% $6,153
    CORNERSTONE HOME LENDING, INC. 48 6.61% $6,770
    Bank of England 44 6.27% $5,461
    Simmons Bank 40 6.47% $4,664
    Eagle Bank and Trust Company 39 6.43% $5,632
    PRIMARY RESIDENTIAL MORTGAGE, INC. 38 6.82% $5,693
    Priority Bank 36 6.25% $7,141
    First Security Bank 30 6.12% $3,315
    Centennial Bank 30 6.38% $5,599
    GMFS LLC 29 6.15% $4,592
    Regions Bank 29 6.59% $5,167
    MORTGAGE FINANCIAL SERVICES, LLC 28 6.68% $5,763
    UNITED WHOLESALE MORTGAGE, LLC 28 6.54% $5,207
    First Community Bank 28 6.31% $5,387
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 26 6.93% $5,672
    Firstar Bank 23 6.17% $4,492
    BROKER SOLUTIONS, INC. 22 6.77% $6,190
    MORTGAGE INVESTORS GROUP, INC. 20 6.27% $5,257
    GUILD MORTGAGE COMPANY 20 6.74% $6,518
    SWBC MORTGAGE CORPORATION 17 6.75% $2,484
    Nations Lending Corporation 17 6.82% $2,893
    FIRST COMMUNITY MORTGAGE, INC. 17 6.67% $5,048
    STOCKTON MORTGAGE CORPORATION 15 6.77% $5,761
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 6.91% $5,725
    First Financial Bank 15 6.22% $5,466
    Midwest Mortgage Associates Corporation 12 6.75% $3,172
    DHI MORTGAGE COMPANY, LTD. 12 5.56% $5,583
    Renasant Bank 11 6.38% $6,195
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.74% $6,747
    Chambers Bank 11 6.23% $5,371
    Sierra Pacific Mortgage Company, Inc. 11 6.59% $7,282
    THRIVE MORTGAGE, LLC 11 6.78% $4,795
    ACADEMY MORTGAGE CORPORATION 10 6.86% $7,041
    GERSHMAN INVESTMENT CORP. 10 6.45% $4,821
    SENTE MORTGAGE, INC. 10 7.06% $5,398
    First Horizon Bank 9 6.57% $4,842
    CROSSCOUNTRY MORTGAGE, LLC 9 6.76% $7,055
    UNION HOME MORTGAGE CORP. 9 6.82% $5,842
    Paramount Residential Mortgage Group, Inc. 8 6.34% $5,857
    ENCORE BANK 8 6.42% $6,138
    PILGRIM MORTGAGE LLC 7 6.77% $5,382
    Plains Commerce Bank 7 6.46% $2,796
    Citizens Bank 7 6.73% $4,563
    UNITED 7 6.80% $4,737
    Equity Bank 7 6.07% $4,231
    MOVEMENT MORTGAGE, LLC 7 6.86% $6,504
    Mortgage Research Center, LLC 6 6.23% $2,620
    BancorpSouth 6 6.88% $3,540
    AMERICAN FINANCIAL RESOURCES, INC. 6 6.88% $3,602
    United Fidelity Funding Corp. 6 6.23% $5,822
    Century Mortgage Company DBA Century Lending Company 6 6.63% $6,013
    Gateway First Bank 6 6.35% $6,046
    MID AMERICA MORTGAGE, INC. 5 6.68% $4,285
    TJC Mortgage, Inc. 5 6.10% $4,571
    Farmers Bank & Trust Company 5 6.30% $4,412
    LEADERONE FINANCIAL CORPORATION 5 7.05% $7,266
    AMERICAN FINANCIAL NETWORK, INC. 4 6.25% $6,521
    Cornerstone First Mortgage, Inc 4 8.03% $4,314
    COMMUNITY MORTGAGE CORPORATION 4 6.31% $6,759
    NFM, INC. 4 6.97% $7,140
    ASSOCIATED MORTGAGE CORPORATION 4 6.44% $7,088
    Equity Prime Mortgage LLC 4 6.66% $4,999
    NEWREZ LLC 4 7.00% $4,824
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 4 6.00% $4,938
    Magnolia Bank 3 6.29% $4,853
    Evolve Bank & Trust 3 6.50% $5,037
    EUSTIS AND AMERICAN MORTGAGE COMPANY 3 7.04% $5,513
    WILLOW BEND MORTGAGE COMPANY, LLC 3 6.17% $6,365
    TIB The Independent Bankersbank 3 6.42% $5,481
    CARDINAL FINANCIAL 3 6.88% $5,232
    Northpointe Bank 2 6.19% $6,385
    Flanagan State Bank 2 6.25% $9,737
    GUARANTEED RATE, INC. 2 7.13% $6,046
    INTERLINC MORTGAGE SERVICES, LLC 2 7.13% $2,156
    Carrington Mortgage Services, LLC 2 6.63% $8,159
    OPEN MORTGAGE, LLC 2 5.69% $8,678
    PLAZA HOME MORTGAGE, INC. 2 7.00% $5,637
    BOKF 2 6.00% $8,427
    Servion, Inc. 2 6.50% $5,587
    U.S. Bank 2 7.12% $4,318
    Assurance Financial Group, L.L.C. 1 5.99% $5,170
    Blue Ridge Bank 1 6.13% $4,914
    Southern Bank 1 7.13% $3,992
    Armstrong Bank 1 6.13% $5,310
    SUMMIT FUNDING, INC. 1 6.75% $5,524
    SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $3,577
    Armed Forces Bank 1 6.13% $4,523
    The Central Trust Bank 1 7.13% $4,653
    Network Funding, L.P. 1 6.63% $8,503
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $10,293
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $10,657
    TOP FLITE FINANCIAL, INC. 1 7.00% $6,185
    Trustmark National Bank 1 6.63% $6,013
    Century Next Bank 1 5.50% $5,861
    LIBERTY HOME MORTGAGE CORPORATION 1 7.63% $2,670
    Waterstone Mortgage Corporation 1 6.63% $8,011
    GENEVA FINANCIAL, LLC 1 7.25% $14,188
    First Option Mortgage, LLC 1 6.00% $5,145
    Barrington Bank & Trust Company, N.A. 1 6.75% $5,331
    Flagstar Bank, FSB 1 6.63% $4,315

    The top Arkansas USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with 228 USDA loans originated. Their average total fees are $5,781, which is $172 higher than the next largest lender, EVERETT FINANCIAL, INC..

    The lowest fee Arkansas USDA lenders (with over 10 loans originated) are SWBC MORTGAGE CORPORATION ($2,484), Nations Lending Corporation ($2,893), Midwest Mortgage Associates Corporation ($3,172), First Security Bank ($3,315) and Firstar Bank ($4,492).

    The lowest rate Arkansas USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.56%), First Security Bank (6.12%), GMFS LLC (6.15%), Firstar Bank (6.17%) and First Financial Bank (6.22%).