Batesville FHA Loan Rates, Closing Costs & Stats

Batesville, AR

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Batesville's 43 lenders originated 144 FHA loans during 2023. The total origination value was $21,350,000, with an average FHA loan value of $148,264.

    Batesville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Batesville averaged 6.85% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Batesville's average FHA mortgage closing costs are $5,992.

    The average rate for the prior week (2025-02-07) was 6.87% and one month ago for the week of 2025-01-10, the average rate was 6.53%.

    The average rate one year ago was 6.75%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.42%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Batesville FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Batesville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    First Community Bank 29 6.39% $7,207
    QUICKEN LOANS, LLC 19 6.59% $5,837
    FIRST COMMUNITY MORTGAGE, INC. 6 6.70% $8,434
    UNITED WHOLESALE MORTGAGE, LLC 5 6.37% $8,794
    Renasant Bank 4 6.22% $8,825
    FirstTrust Home Loans, Inc. 4 6.50% $5,282
    PENNYMAC LOAN SERVICES, LLC 4 6.72% $6,754
    Centennial Bank 3 6.67% $6,178
    EVERETT FINANCIAL, INC. 3 6.79% $6,523
    Bank of England 3 6.50% $6,701
    FLAT BRANCH MORTGAGE, INC. 3 7.50% $8,098
    DAS Acquisition Company, LLC 3 7.04% $6,516
    Eagle Bank and Trust Company 2 6.00% $8,233
    BROKER SOLUTIONS, INC. 2 6.69% $9,696
    MOVEMENT MORTGAGE, LLC 2 7.00% $7,794
    ACADEMY MORTGAGE CORPORATION 2 7.19% $6,548
    FREEDOM MORTGAGE CORPORATION 2 6.75% $9,611
    TJC Mortgage, Inc. 2 5.94% $6,099
    Mortgage Research Center, LLC 2 7.19% $4,408
    U.S. Bank 2 5.75% $9,514
    NEWREZ LLC 2 6.44% $7,910
    Equity Prime Mortgage LLC 2 6.69% $7,691
    VILLAGE CAPITAL MORTGAGE 1 6.75% $2,504
    AMERISAVE MORTGAGE CORPORATION 1 5.13% $13,756
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $5,430
    BancorpSouth 1 6.63% $3,423
    Century Mortgage Company DBA Century Lending Company 1 7.75% $2,376
    CHURCHILL MORTGAGE CORPORATION 1 6.50% $5,336
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $8,563
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $11,116
    First Financial Bank 1 5.25% $9,613
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $6,200
    LOANDEPOT.COM, LLC 1 6.25% $9,337
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $12,457
    M&T Bank 1 7.50% $6,689
    Plains Commerce Bank 1 6.13% $7,856
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $11,223
    Regions Bank 1 6.63% $8,047
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $6,990
    SENTE MORTGAGE, INC. 1 6.63% $7,482
    Simmons Bank 1 5.50% $6,371
    Springfield First Community Bank 1 6.75% $3,445
    T2 FINANCIAL LLC 1 6.25% $7,415

    The top Batesville FHA lender as defined by loan originations is First Community Bank, with 29 FHA loans originated. Their average total fees are $7,207, which is $1,369 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Batesville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($5,837), First Community Bank ($7,207), .

    The lowest rate Batesville FHA lenders (with over 10 loans originated) are First Community Bank (6.39%), QUICKEN LOANS, LLC (6.59%), .

    Batesville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BATESVILLE, AR INDEPENDENCE 2022 $420,680 $538,650 $651,050 $809,150
    BATESVILLE, AR SHARP 2022 $420,680 $538,650 $651,050 $809,150
    BATESVILLE, AR INDEPENDENCE 2023 $472,030 $604,400 $730,525 $907,900
    BATESVILLE, AR SHARP 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Batesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $149,000 (-3.4%) $180,702 (4.0%) 0.00 158
    2018-02-01 $145,250 (-8.7%) $177,487 (-0.1%) 0.00 148
    2018-03-01 $148,700 (-3.3%) $177,188 (-1.8%) 0.00 166
    2018-04-01 $149,900 (-5.7%) $177,838 (-6.9%) 0.00 175
    2018-05-01 $149,900 (-6.3%) $179,406 (-9.6%) 0.00 175
    2018-06-01 $149,900 (-6.3%) $177,960 (-10.2%) 0.00 167
    2018-07-01 $144,950 (-5.9%) $177,577 (-5.1%) 0.00 170
    2018-08-01 $142,588 (-4.6%) $185,435 (-0.2%) 0.00 170
    2018-09-01 $150,000 (4.2%) $190,359 (7.0%) 0.00 165
    2018-10-01 $153,750 (5.2%) $190,564 (4.4%) 0.00 171
    2018-11-01 $158,750 (8.9%) $195,291 (9.6%) 0.00 164
    2018-12-01 $161,950 (8.7%) $203,994 (13.3%) 0.00 157
    2019-01-01 $154,950 (4.0%) $205,964 (14.0%) 0.00 153
    2019-02-01 $151,500 (4.3%) $204,375 (15.2%) 0.00 160
    2019-03-01 $156,386 (5.2%) $203,551 (14.9%) 0.00 159
    2019-04-01 $164,900 (10.0%) $204,255 (14.9%) 0.00 156
    2019-05-01 $169,900 (13.3%) $205,377 (14.5%) 0.00 158
    2019-06-01 $169,900 (13.3%) $207,561 (16.6%) 0.00 153
    2019-07-01 $175,000 (20.7%) $205,335 (15.6%) 0.00 145
    2019-08-01 $175,000 (22.7%) $204,225 (10.1%) 0.00 139
    2019-09-01 $175,000 (16.7%) $202,970 (6.6%) 0.00 128
    2019-10-01 $175,000 (13.8%) $202,133 (6.1%) 0.00 122
    2019-11-01 $175,000 (10.2%) $201,067 (3.0%) 0.00 124
    2019-12-01 $171,175 (5.7%) $191,765 (-6.0%) 0.00 121
    2020-01-01 $172,450 (11.3%) $193,830 (-5.9%) 0.00 124
    2020-02-01 $177,500 (17.2%) $190,037 (-7.0%) 0.00 130
    2020-03-01 $177,000 (13.2%) $199,374 (-2.1%) 0.00 126
    2020-04-01 $169,950 (3.1%) $187,492 (-8.2%) 0.00 128
    2020-05-01 $169,900 (0.0%) $184,638 (-10.1%) 0.00 124
    2020-06-01 $171,250 (0.8%) $187,774 (-9.5%) 0.00 119
    2020-07-01 $177,400 (1.4%) $199,226 (-3.0%) 0.00 106
    2020-08-01 $182,900 (4.5%) $210,497 (3.1%) 0.00 91
    2020-09-01 $174,675 (-0.2%) $223,109 (9.9%) 0.00 86
    2020-10-01 $172,000 (-1.7%) $219,552 (8.6%) 0.00 83
    2020-11-01 $168,900 (-3.5%) $204,012 (1.5%) 0.00 80
    2020-12-01 $169,900 (-0.7%) $206,133 (7.5%) 0.00 82
    2021-01-01 $169,450 (-1.7%) $204,117 (5.3%) 0.00 90
    2021-02-01 $158,725 (-10.6%) $203,050 (6.9%) 0.00 81
    2021-03-01 $153,625 (-13.2%) $199,479 (0.1%) 0.00 72
    2021-04-01 $151,250 (-11.0%) $226,218 (20.7%) 0.00 55
    2021-05-01 $149,750 (-11.9%) $225,682 (22.2%) 0.00 59
    2021-06-01 $163,725 (-4.4%) $227,725 (21.3%) 0.00 58
    2021-07-01 $169,900 (-4.2%) $243,886 (22.4%) 0.00 55
    2021-08-01 $156,900 (-14.2%) $235,384 (11.8%) 0.00 57
    2021-09-01 $156,450 (-10.4%) $242,873 (8.9%) 0.00 49
    2021-10-01 $161,700 (-6.0%) $221,609 (0.9%) 0.00 49
    2021-11-01 $175,750 (4.1%) $224,291 (9.9%) 0.00 44
    2021-12-01 $178,000 (4.8%) $233,526 (13.3%) 0.00 38
    2022-01-01 $175,000 (3.3%) $227,028 (11.2%) 0.00 36
    2022-02-01 $194,950 (22.8%) $237,853 (17.1%) 0.00 42
    2022-03-01 $188,575 (22.8%) $224,899 (12.7%) 0.00 42
    2022-04-01 $220,000 (45.5%) $269,794 (19.3%) 0.00 44
    2022-05-01 $219,925 (46.9%) $259,511 (15.0%) 0.00 59
    2022-06-01 $226,250 (38.2%) $271,134 (19.1%) 0.00 64
    2022-07-01 $232,500 (36.9%) $279,663 (14.7%) 0.00 74
    2022-08-01 $221,250 (41.0%) $270,917 (15.1%) 0.00 74
    2022-09-01 $221,750 (41.7%) $280,947 (15.7%) 0.00 68
    2022-10-01 $247,450 (53.0%) $304,107 (37.2%) 0.00 77
    2022-11-01 $269,900 (53.6%) $309,659 (38.1%) 0.00 75
    2022-12-01 $207,400 (16.5%) $295,264 (26.4%) 0.00 65
    2023-01-01 $217,450 (24.3%) $295,494 (30.2%) 0.00 60
    2023-02-01 $255,000 (30.8%) $315,410 (32.6%) 0.00 52
    2023-03-01 $247,475 (31.2%) $292,079 (29.9%) 0.00 50
    2023-04-01 $242,500 (10.2%) $276,043 (2.3%) 0.00 54
    2023-05-01 $230,000 (4.6%) $270,855 (4.4%) 0.00 49
    2023-06-01 $249,175 (10.1%) $302,363 (11.5%) 0.00 59
    2023-07-01 $235,000 (1.1%) $287,402 (2.8%) 0.00 70
    2023-08-01 $229,925 (3.9%) $289,754 (7.0%) 0.00 69
    2023-09-01 $229,450 (3.5%) $273,587 (-2.6%) 0.00 76
    2023-10-01 $229,450 (-7.3%) $264,778 (-12.9%) 0.00 85
    2023-11-01 $238,875 (-11.5%) $276,395 (-10.7%) 0.00 92
    2023-12-01 $239,000 (15.2%) $275,392 (-6.7%) 0.00 95
    2024-01-01 $229,950 (5.8%) $278,600 (-5.7%) 0.00 87
    2024-02-01 $233,750 (-8.3%) $286,816 (-9.1%) 0.00 81
    2024-03-01 $235,000 (-5.0%) $289,679 (-0.8%) 0.00 75
    2024-04-01 $242,450 (0.0%) $291,489 (5.6%) 0.00 89
    2024-05-01 $244,225 (6.2%) $291,231 (7.5%) 0.00 90
    2024-06-01 $237,000 (-4.9%) $289,102 (-4.4%) 0.00 90
    2024-07-01 $221,225 (-5.9%) $288,494 (0.4%) 0.00 97
    2024-08-01 $245,000 (6.6%) $311,896 (7.6%) 0.00 96
    2024-09-01 $245,000 (6.8%) $295,847 (8.1%) 0.00 95
    2024-10-01 $258,750 (12.8%) $300,867 (13.6%) 0.00 94
    2024-11-01 $274,900 (15.1%) $303,364 (9.8%) 0.00 93
    2024-12-01 $259,900 (8.7%) $287,589 (4.4%) 0.00 106
    2025-01-01 $274,925 (19.6%) $293,262 (5.3%) 0.00 89
    Batesville's median listing price for 2025-01-01 was $274,925, a difference of $44,975 (19.6%) versus the prior year and $15,025 versus the prior month.

    Batesville's median listing price comes in at 0% of the national average.

    Batesville's average listing price for 2025-01-01 was $293,262, a difference of $14,662 (5.3%) versus the prior year and $5,673 versus the prior month.

    For the 2025-01-01 period, Batesville had 89 MLS listings, a difference of -17 listings (-16%) versus the prior month and 2 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Batesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,876 sqft
    2018-02-01 0 days 1,894 sqft
    2018-03-01 0 days 1,872 sqft
    2018-04-01 0 days 1,882 sqft
    2018-05-01 0 days 1,909 sqft
    2018-06-01 0 days 1,943 sqft
    2018-07-01 0 days 2,003 sqft
    2018-08-01 0 days 1,986 sqft
    2018-09-01 0 days 1,976 sqft
    2018-10-01 0 days 1,976 sqft
    2018-11-01 0 days 2,017 sqft
    2018-12-01 0 days 2,020 sqft
    2019-01-01 0 days 2,009 sqft
    2019-02-01 0 days 2,011 sqft
    2019-03-01 0 days 2,028 sqft
    2019-04-01 0 days 2,019 sqft
    2019-05-01 0 days 2,035 sqft
    2019-06-01 0 days 2,048 sqft
    2019-07-01 0 days 2,094 sqft
    2019-08-01 0 days 2,061 sqft
    2019-09-01 0 days 2,059 sqft
    2019-10-01 0 days 2,057 sqft
    2019-11-01 0 days 2,010 sqft
    2019-12-01 0 days 1,970 sqft
    2020-01-01 0 days 2,016 sqft
    2020-02-01 0 days 2,000 sqft
    2020-03-01 0 days 2,047 sqft
    2020-04-01 0 days 1,901 sqft
    2020-05-01 0 days 1,956 sqft
    2020-06-01 0 days 1,974 sqft
    2020-07-01 0 days 2,013 sqft
    2020-08-01 0 days 2,063 sqft
    2020-09-01 0 days 2,038 sqft
    2020-10-01 0 days 2,112 sqft
    2020-11-01 0 days 1,967 sqft
    2020-12-01 0 days 1,927 sqft
    2021-01-01 0 days 1,922 sqft
    2021-02-01 0 days 1,942 sqft
    2021-03-01 0 days 1,891 sqft
    2021-04-01 0 days 1,879 sqft
    2021-05-01 0 days 1,809 sqft
    2021-06-01 0 days 1,835 sqft
    2021-07-01 0 days 1,856 sqft
    2021-08-01 0 days 1,794 sqft
    2021-09-01 0 days 1,745 sqft
    2021-10-01 0 days 1,686 sqft
    2021-11-01 0 days 1,639 sqft
    2021-12-01 0 days 1,643 sqft
    2022-01-01 0 days 1,649 sqft
    2022-02-01 0 days 1,680 sqft
    2022-03-01 0 days 1,630 sqft
    2022-04-01 0 days 1,749 sqft
    2022-05-01 0 days 1,849 sqft
    2022-06-01 0 days 1,849 sqft
    2022-07-01 0 days 1,889 sqft
    2022-08-01 0 days 2,008 sqft
    2022-09-01 0 days 2,018 sqft
    2022-10-01 0 days 2,003 sqft
    2022-11-01 0 days 2,031 sqft
    2022-12-01 0 days 1,967 sqft
    2023-01-01 0 days 1,993 sqft
    2023-02-01 0 days 2,005 sqft
    2023-03-01 0 days 1,916 sqft
    2023-04-01 0 days 1,939 sqft
    2023-05-01 0 days 1,931 sqft
    2023-06-01 0 days 1,929 sqft
    2023-07-01 0 days 1,928 sqft
    2023-08-01 0 days 2,007 sqft
    2023-09-01 0 days 1,891 sqft
    2023-10-01 0 days 1,826 sqft
    2023-11-01 0 days 1,880 sqft
    2023-12-01 0 days 1,860 sqft
    2024-01-01 0 days 1,764 sqft
    2024-02-01 0 days 1,793 sqft
    2024-03-01 0 days 1,791 sqft
    2024-04-01 0 days 1,843 sqft
    2024-05-01 0 days 1,801 sqft
    2024-06-01 0 days 1,758 sqft
    2024-07-01 0 days 1,722 sqft
    2024-08-01 0 days 1,836 sqft
    2024-09-01 0 days 1,825 sqft
    2024-10-01 0 days 1,893 sqft
    2024-11-01 0 days 1,909 sqft
    2024-12-01 0 days 1,899 sqft
    2025-01-01 0 days 1,907 sqft
    Batesville's median listing age (time on market) for 2025-01-01 was 0 days.

    Batesville's median square footage for active listings during the 2025-01-01 period was 1,907 sqft. One year prior, the average listing was 1,764 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).