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%).