Arkansas USDA Loan Rates, Closing Costs & Stats
Arkansas
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
6.54%
for the week of 2024-11-01, compared to the national average (all USDA variants) of
6.467% for the same period.
Arkansas's average USDA mortgage closing costs are $4,128.
The average rate for the prior week (2024-10-25) was
6.37% and
one month ago for the week of 2024-09-27, the
average rate was 5.87%.
The average rate one year ago was 7.32%.
For refis of the same type during the week of 2024-11-01, the average rate
was 6.35%.
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%).