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 6.47% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.55% and one month ago for the week of 2024-05-03, the average rate was 6.94%.

The average rate one year ago was 6.84%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.38%.

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%).