Searcy USDA Loan Rates, Closing Costs & Stats
Searcy, AR
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.
Searcy's 20 lenders originated 86 USDA loans during 2024. The total origination value was $14,060,000, with an average USDA loan value of $163,488.
Searcy USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Searcy
averaged
6.75%
for the week of 2025-07-18, compared to the national average (all USDA variants) of
6.472% for the same period.
Searcy's average USDA mortgage closing costs are $4,043.
The average rate for the prior week (2025-07-11) was
6.62% and
one month ago for the week of 2025-06-13, the
average rate was 6.38%.
The average rate one year ago was 6.83%.
For refis of the same type during the week of 2025-07-18, the average rate
was 6.17%.
Searcy 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 Searcy level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| First Community Bank | 11 | 6.11% | $6,196 |
| First Security Bank | 9 | 5.96% | $3,884 |
| Centennial Bank | 9 | 6.75% | $4,922 |
| Simmons Bank | 8 | 6.17% | $4,977 |
| Bank of England | 7 | 6.09% | $5,260 |
| Eagle Bank and Trust Company | 5 | 6.18% | $5,539 |
| MORTGAGE FINANCIAL SERVICES, LLC | 3 | 6.63% | $4,794 |
| Arvest Bank | 2 | 7.00% | $4,386 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 5.81% | $7,665 |
| FLAT BRANCH MORTGAGE, INC. | 2 | 7.00% | $5,049 |
| Gateway First Bank | 2 | 6.75% | $5,650 |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 2 | 6.13% | $5,181 |
| SENTE MORTGAGE, INC. | 2 | 6.94% | $5,259 |
| NEWREZ LLC | 1 | 6.25% | $3,689 |
| STOCKTON MORTGAGE CORPORATION | 1 | 6.63% | $7,090 |
| Regions Bank | 1 | 6.75% | $5,000 |
| First Horizon Bank | 1 | 6.50% | $5,323 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.75% | $5,151 |
| COMMUNITY MORTGAGE CORPORATION | 1 | 5.99% | $6,711 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 6.25% | $5,358 |
The top Searcy USDA lender as defined by loan originations is First Community Bank, with
11 USDA loans originated. Their average total fees are
$6,196, which is $2,311
higher than the next largest lender,
First Security Bank.
The lowest fee Searcy USDA lenders (with over 10 loans originated) are
First Community Bank ($6,196), .
The lowest rate Searcy USDA lenders (with over 10 loans originated) are
First Community Bank (6.11%), .