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 6.16% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    Arkansas's average USDA mortgage closing costs are $4,000.

    The average rate for the prior week (2023-05-19) was 5.9% and one month ago for the week of 2023-04-21, the average rate was 6.01%.

    The average rate one year ago was 5.13%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.46%.

    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 Bank 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%).