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
-0.47%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Arkansas's average USDA mortgage closing costs are $4,000.
The average rate for the prior week (2023-11-17) was
6.72% and
one month ago for the week of 2023-10-20, the
average rate was 6.94%.
The average rate one year ago was 6.38%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.27%.
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 |
2022 Avg. 30yFix Rate |
2022 Avg. Closing Costs |
FirstTrust Home Loans, Inc.
|
358
|
4.96%
|
$5,346
|
EVERETT FINANCIAL, INC.
|
202
|
5.22%
|
$2,859
|
DAS Acquisition Company, LLC
|
144
|
5.29%
|
$5,328
|
Arvest Bank
|
122
|
4.67%
|
$4,597
|
Bank of England
|
78
|
4.65%
|
$4,887
|
FLAT BRANCH MORTGAGE, INC.
|
77
|
4.90%
|
$5,524
|
Eagle Bank and Trust Company
|
74
|
4.72%
|
$5,106
|
First Community Bank
|
65
|
4.33%
|
$5,125
|
Priority Bank
|
61
|
4.30%
|
$6,380
|
MORTGAGE FINANCIAL SERVICES, LLC
|
60
|
4.80%
|
$5,661
|
First Security Bank
|
60
|
4.24%
|
$3,570
|
Simmons Bank
|
50
|
4.93%
|
$4,319
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
48
|
5.19%
|
$4,735
|
Centennial Bank
|
44
|
4.57%
|
$4,379
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
44
|
4.87%
|
$5,226
|
GMFS LLC
|
37
|
4.30%
|
$4,297
|
SWBC MORTGAGE CORPORATION
|
36
|
5.20%
|
$2,101
|
Gateway First Bank
|
34
|
4.44%
|
$4,749
|
Regions Bank
|
32
|
5.05%
|
$4,410
|
UNION HOME MORTGAGE CORP.
|
32
|
4.82%
|
$4,671
|
UNITED WHOLESALE MORTGAGE, LLC
|
30
|
5.22%
|
$5,024
|
CALIBER HOME LOANS, INC.
|
28
|
4.81%
|
$5,475
|
GUILD MORTGAGE COMPANY
|
27
|
4.88%
|
$5,978
|
Plains Commerce Bank
|
25
|
4.35%
|
$4,063
|
MORTGAGE INVESTORS GROUP, INC.
|
23
|
4.65%
|
$4,829
|
BANK OF LITTLE ROCK MORTGAGE CORPORATION
|
22
|
4.33%
|
$4,449
|
Citizens Bank
|
21
|
4.78%
|
$5,364
|
ACADEMY MORTGAGE CORPORATION
|
21
|
4.95%
|
$6,386
|
Renasant Bank
|
21
|
4.21%
|
$6,001
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
21
|
4.87%
|
$5,714
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
19
|
5.31%
|
$4,506
|
Firstar Bank
|
18
|
5.04%
|
$4,427
|
CORNERSTONE HOME LENDING, INC.
|
17
|
5.72%
|
$6,143
|
PENNYMAC LOAN SERVICES, LLC
|
16
|
3.04%
|
$5,638
|
HOME POINT FINANCIAL CORPORATION
|
15
|
4.27%
|
$5,168
|
Chambers Bank
|
15
|
4.23%
|
$4,584
|
First Financial Bank
|
15
|
4.84%
|
$5,514
|
PILGRIM MORTGAGE LLC
|
15
|
4.73%
|
$6,237
|
FIRST COMMUNITY MORTGAGE, INC.
|
14
|
4.58%
|
$4,153
|
Flagstar Bank, FSB
|
14
|
4.53%
|
$4,955
|
CARDINAL FINANCIAL
|
12
|
4.31%
|
$6,372
|
United Fidelity Funding Corp.
|
11
|
5.10%
|
$6,818
|
CMG MORTGAGE, INC.
|
11
|
4.91%
|
$4,772
|
Armstrong Bank
|
10
|
4.00%
|
$5,668
|
SENTE MORTGAGE, INC.
|
9
|
4.78%
|
$5,513
|
Sierra Pacific Mortgage Company, Inc.
|
9
|
4.46%
|
$5,945
|
OPEN MORTGAGE, LLC
|
9
|
4.85%
|
$8,512
|
AMERICAN MORTGAGE SERVICE COMPANY
|
9
|
4.97%
|
$3,834
|
Equity Prime Mortgage LLC
|
8
|
6.25%
|
$5,589
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
8
|
4.86%
|
$6,225
|
COMMUNITY MORTGAGE CORPORATION
|
8
|
5.22%
|
$5,266
|
ENCORE BANK
|
8
|
4.86%
|
$4,556
|
MID AMERICA MORTGAGE, INC.
|
8
|
4.72%
|
$4,870
|
STOCKTON MORTGAGE CORPORATION
|
7
|
5.38%
|
$6,938
|
GERSHMAN INVESTMENT CORP.
|
7
|
5.79%
|
$3,971
|
GUARANTEED RATE, INC.
|
7
|
5.50%
|
$6,193
|
BROKER SOLUTIONS, INC.
|
7
|
5.84%
|
$6,668
|
BancorpSouth
|
7
|
4.75%
|
$4,367
|
U.S. Bank
|
7
|
4.73%
|
$4,129
|
Farmers Bank & Trust Company
|
7
|
4.71%
|
$4,033
|
ARKANSAS Federal Credit Union
|
6
|
4.60%
|
$5,959
|
GENEVA FINANCIAL, LLC
|
6
|
5.54%
|
$7,930
|
Paramount Residential Mortgage Group, Inc.
|
6
|
5.48%
|
$4,734
|
Servion, Inc.
|
6
|
5.50%
|
$3,606
|
UNITED
|
5
|
4.78%
|
$5,240
|
First Horizon Bank
|
5
|
4.23%
|
$5,375
|
CROSSCOUNTRY MORTGAGE, LLC
|
5
|
5.40%
|
$5,780
|
Flanagan State Bank
|
5
|
4.75%
|
$5,534
|
Southern Bank
|
5
|
4.65%
|
$3,464
|
WILLOW BEND MORTGAGE COMPANY, LLC
|
4
|
4.72%
|
$5,160
|
Carrington Mortgage Services, LLC
|
4
|
4.50%
|
$5,461
|
PLAZA HOME MORTGAGE, INC.
|
4
|
4.63%
|
$5,152
|
Mortgage Research Center, LLC
|
4
|
5.81%
|
$2,986
|
Hamilton Mortgage Corporation
|
4
|
5.28%
|
$3,240
|
Nations Lending Corporation
|
4
|
5.47%
|
$2,098
|
TOP FLITE FINANCIAL, INC.
|
4
|
5.25%
|
$7,043
|
TJC Mortgage, Inc.
|
4
|
4.72%
|
$3,881
|
The Home Loan Expert LLC
|
4
|
3.34%
|
$4,449
|
PLANET HOME LENDING, LLC
|
4
|
3.69%
|
$4,431
|
GSF Mortgage Corporation
|
4
|
5.09%
|
$5,707
|
Century Mortgage Company DBA Century Lending Company
|
3
|
5.75%
|
$6,936
|
United Community Bank
|
3
|
3.67%
|
$2,988
|
Century Next Bank
|
2
|
4.00%
|
$4,794
|
Ixonia Bank
|
2
|
4.44%
|
$4,213
|
KELLER MORTGAGE, LLC
|
2
|
3.56%
|
$4,655
|
LOANDEPOT.COM, LLC
|
2
|
3.94%
|
$4,865
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
2
|
4.88%
|
$4,946
|
ASSOCIATED MORTGAGE CORPORATION
|
2
|
3.56%
|
$5,901
|
S1L, Inc.
|
2
|
3.69%
|
$5,225
|
Equity Bank
|
2
|
6.75%
|
$4,057
|
THRIVE MORTGAGE, LLC
|
2
|
4.44%
|
$5,620
|
FIRST COLONY MORTGAGE CORPORATION
|
2
|
4.56%
|
$4,619
|
Evolve Bank & Trust
|
1
|
5.50%
|
$5,218
|
VILLAGE CAPITAL MORTGAGE
|
1
|
3.25%
|
$8,090
|
Pinnacle Bank
|
1
|
3.00%
|
$3,651
|
First Guaranty Mortgage Corporation
|
1
|
3.13%
|
$4,190
|
Signature Bank of Arkansas
|
1
|
3.13%
|
$5,059
|
CANOPY MORTGAGE, LLC
|
1
|
5.13%
|
$5,927
|
Patriot Bank
|
1
|
2.50%
|
$5,108
|
Willamette Valley Bank
|
1
|
3.50%
|
$5,827
|
Leaders Credit Union
|
1
|
4.63%
|
$2,729
|
TELCOE FEDERAL CREDIT UNION
|
1
|
5.50%
|
$5,171
|
The Central Trust Bank
|
1
|
6.75%
|
$6,769
|
The First National Bank of Middle Tennessee
|
1
|
3.75%
|
$6,798
|
FIRST WESTERN MORTGAGE, INC.
|
1
|
3.63%
|
$5,553
|
LAKEVIEW LOAN SERVICING, LLC
|
1
|
3.75%
|
$2,492
|
TIB The Independent Bankersbank
|
1
|
4.25%
|
$2,360
|
NFM, INC.
|
1
|
5.50%
|
$4,111
|
NBH Bank
|
1
|
4.13%
|
$1,102
|
Trustmark National Bank
|
1
|
5.13%
|
$5,567
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
4.50%
|
$5,001
|
DELMAR FINANCIAL COMPANY
|
1
|
7.13%
|
$7,455
|
MASON MCDUFFIE MORTGAGE CORPORATION
|
1
|
5.63%
|
$5,636
|
HOMESTAR FINANCIAL CORPORATION
|
1
|
6.25%
|
$3,434
|
AMCAP MORTGAGE, LTD.
|
1
|
4.50%
|
$5,875
|
Austin Capital Bank SSB
|
1
|
4.25%
|
$5,714
|
LIBERTY HOME MORTGAGE CORPORATION
|
1
|
4.75%
|
$7,030
|
ASHLAND Credit Union
|
1
|
6.13%
|
$4,504
|
DRAPER AND KRAMER MORTGAGE CORP.
|
1
|
3.50%
|
$8,290
|
RUOFF MORTGAGE COMPANY, INC.
|
1
|
4.50%
|
$5,626
|
The top Arkansas USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with
358 USDA loans originated. Their average total fees are
$5,346, which is $2,487
higher than the next largest lender,
EVERETT FINANCIAL, INC..
The lowest fee Arkansas USDA lenders (with over 10 loans originated) are
SWBC MORTGAGE CORPORATION ($2,101), EVERETT FINANCIAL, INC. ($2,859), First Security Bank ($3,570), Plains Commerce Bank ($4,063) and FIRST COMMUNITY MORTGAGE, INC. ($4,153).
The lowest rate Arkansas USDA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (3.04%), Armstrong Bank (4.00%), Renasant Bank (4.21%), Chambers Bank (4.23%) and First Security Bank (4.24%).