Blytheville FHA Loan Rates, Closing Costs & Stats

Blytheville, AR

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.

Blytheville's 33 lenders originated 144 FHA loans during 2021. The total origination value was $18,490,000, with an average FHA loan value of $128,403.

Blytheville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Blytheville averaged 6.71% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

Blytheville's average FHA mortgage closing costs are $4,429.

The average rate for the prior week (2022-11-25) was 6.72% and one month ago for the week of 2022-10-28, the average rate was 6.66%.

The average rate one year ago was 3.4%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.41%.

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

Blytheville 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 Blytheville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
DAS Acquisition Company, LLC 33 3.23% $6,161
QUICKEN LOANS, LLC 23 2.90% $4,306
EVERETT FINANCIAL, INC. 18 3.29% $3,603
Arvest Bank 9 2.94% $5,259
Mr. Cooper ( Nationstar Mortgage ) 7 3.23% $1,817
CALIBER HOME LOANS, INC. 5 3.25% $4,590
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.13% $3,998
PENNYMAC LOAN SERVICES, LLC 3 3.12% $2,819
Eagle Bank and Trust Company 2 3.00% $4,804
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.06% $9,005
FirstTrust Home Loans, Inc. 1 3.75% $6,977
FREEDOM MORTGAGE CORPORATION 1 3.63% $2,683
GUILD MORTGAGE COMPANY 1 4.13% $5,041
LAKEVIEW LOAN SERVICING, LLC 1 2.88% $5,212
NEWREZ LLC 1 2.99% $3,950
OCEANSIDE MORTGAGE COMPANY 1 3.00% $2,165
PLANET HOME LENDING, LLC 1 2.63% $2,647
Renasant Bank 1 3.25% $4,571
SIRVA MORTGAGE, INC. 1 2.75% $4,127
The Home Loan Expert LLC 1 2.55% $7,304
UNITED WHOLESALE MORTGAGE, LLC 1 2.42% $5,788
VILLAGE CAPITAL MORTGAGE 1 2.50% $1,033
AMCAP MORTGAGE, LTD. 1 4.13% $6,936
Wolfe Financial, Inc 1 2.50% $8,869
BancorpSouth Bank 1 2.88% $4,369
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.00% $5,325
Carrington Mortgage Services, LLC 1 3.63% $4,459
Centennial Bank 1 2.75% $4,733
COUNTRYPLACE MORTGAGE, LTD. 1 3.25% $9,770
Evolve Bank & Trust 1 2.88% $2,429
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $5,949
First Financial Bank 1 2.50% $5,423
First Guaranty Mortgage Corporation 1 3.75% $7,211

The top Blytheville FHA lender as defined by loan originations is DAS Acquisition Company, LLC, with 33 FHA loans originated. Their average total fees are $6,161, which is $1,855 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Blytheville FHA lenders (with over 10 loans originated) are EVERETT FINANCIAL, INC. ($3,603), QUICKEN LOANS, LLC ($4,306), DAS Acquisition Company, LLC ($6,161), .

The lowest rate Blytheville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.90%), DAS Acquisition Company, LLC (3.23%), EVERETT FINANCIAL, INC. (3.29%), .

Blytheville FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
BLYTHEVILLE, AR MISSISSIPPI 2022 $420,680 $538,650 $651,050 $809,150

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Blytheville (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 $87,500 (0.3%) $118,019 (-1.8%) 0.00 206
2018-02-01 $86,250 (2.0%) $119,166 (3.4%) 0.00 201
2018-03-01 $87,700 (2.1%) $120,885 (3.9%) 0.00 208
2018-04-01 $86,975 (2.4%) $115,555 (0.1%) 0.00 206
2018-05-01 $85,000 (-0.2%) $117,834 (3.9%) 0.00 199
2018-06-01 $86,250 (-3.1%) $116,428 (1.6%) 0.00 203
2018-07-01 $89,000 (0.0%) $123,255 (10.7%) 0.00 196
2018-08-01 $89,975 (0.1%) $126,676 (9.2%) 0.00 195
2018-09-01 $103,950 (15.6%) $130,407 (12.6%) 0.00 189
2018-10-01 $106,700 (18.7%) $128,285 (10.0%) 0.00 188
2018-11-01 $103,650 (15.9%) $125,426 (7.2%) 0.00 197
2018-12-01 $109,900 (23.5%) $128,548 (10.4%) 0.00 194
2019-01-01 $108,700 (24.2%) $129,799 (10.0%) 0.00 191
2019-02-01 $96,125 (11.5%) $122,379 (2.7%) 0.00 195
2019-03-01 $94,143 (7.4%) $119,425 (-1.2%) 0.00 203
2019-04-01 $94,143 (8.2%) $118,631 (2.7%) 0.00 208
2019-05-01 $92,100 (8.4%) $115,356 (-2.1%) 0.00 198
2019-06-01 $94,900 (10.0%) $115,773 (-0.6%) 0.00 203
2019-07-01 $89,300 (0.3%) $114,237 (-7.3%) 0.00 206
2019-08-01 $90,200 (0.3%) $114,240 (-9.8%) 0.00 198
2019-09-01 $90,650 (-12.8%) $115,659 (-11.3%) 0.00 198
2019-10-01 $91,950 (-13.8%) $117,537 (-8.4%) 0.00 199
2019-11-01 $89,950 (-13.2%) $116,744 (-6.9%) 0.00 196
2019-12-01 $89,975 (-18.1%) $117,410 (-8.7%) 0.00 188
2020-01-01 $89,900 (-17.3%) $116,834 (-10.0%) 0.00 190
2020-02-01 $80,000 (-16.8%) $114,494 (-6.4%) 0.00 181
2020-03-01 $79,900 (-15.1%) $110,296 (-7.6%) 0.00 171
2020-04-01 $77,800 (-17.4%) $108,267 (-8.7%) 0.00 163
2020-05-01 $75,000 (-18.6%) $107,694 (-6.6%) 0.00 152
2020-06-01 $79,900 (-15.8%) $111,166 (-4.0%) 0.00 147
2020-07-01 $79,900 (-10.5%) $113,737 (-0.4%) 0.00 130
2020-08-01 $75,000 (-16.9%) $109,478 (-4.2%) 0.00 124
2020-09-01 $75,000 (-17.3%) $107,807 (-6.8%) 0.00 122
2020-10-01 $75,000 (-18.4%) $112,593 (-4.2%) 0.00 112
2020-11-01 $75,000 (-16.6%) $114,193 (-2.2%) 0.00 108
2020-12-01 $78,975 (-12.2%) $119,550 (1.8%) 0.00 110
2021-01-01 $80,000 (-11.0%) $125,388 (7.3%) 0.00 111
2021-02-01 $77,500 (-3.1%) $114,789 (0.3%) 0.00 85
2021-03-01 $79,900 (0.0%) $122,225 (10.8%) 0.00 81
2021-04-01 $82,500 (6.0%) $125,660 (16.1%) 0.00 81
2021-05-01 $79,900 (6.5%) $126,191 (17.2%) 0.00 73
2021-06-01 $89,450 (12.0%) $131,057 (17.9%) 0.00 75
2021-07-01 $82,900 (3.8%) $131,557 (15.7%) 0.00 84
2021-08-01 $81,025 (8.0%) $129,332 (18.1%) 0.00 94
2021-09-01 $79,925 (6.6%) $135,867 (26.0%) 0.00 90
2021-10-01 $95,000 (26.7%) $143,335 (27.3%) 0.00 90
2021-11-01 $95,950 (27.9%) $149,292 (30.7%) 0.00 94
2021-12-01 $97,450 (23.4%) $139,010 (16.3%) 0.00 93
2022-01-01 $99,000 (23.8%) $135,597 (8.1%) 0.00 90
2022-02-01 $103,450 (33.5%) $144,589 (26.0%) 0.00 86
2022-03-01 $99,900 (25.0%) $139,161 (13.9%) 0.00 75
2022-04-01 $89,900 (9.0%) $135,494 (7.8%) 0.00 70
2022-05-01 $98,675 (23.5%) $148,793 (17.9%) 0.00 61
2022-06-01 $103,675 (15.9%) $148,853 (13.6%) 0.00 69
2022-07-01 $109,900 (32.6%) $161,904 (23.1%) 0.00 83
2022-08-01 $99,900 (23.3%) $157,363 (21.7%) 0.00 84
2022-09-01 $115,000 (43.9%) $158,705 (16.8%) 0.00 85
2022-10-01 $118,000 (24.2%) $168,120 (17.3%) 0.00 84
2022-11-01 $122,400 (27.6%) $176,531 (18.3%) 0.00 93
Blytheville's median listing price for 2022-11-01 was $122,400, a difference of $26,450 (27.6%) versus the prior year and $4,400 versus the prior month.

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

Blytheville's average listing price for 2022-11-01 was $176,531, a difference of $27,239 (18.3%) versus the prior year and $8,411 versus the prior month.

For the 2022-11-01 period, Blytheville had 93 MLS listings, a difference of 9 listings (11%) versus the prior month and -1 listings (-1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Blytheville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,747 sqft
2018-02-01 0 days 1,747 sqft
2018-03-01 0 days 1,749 sqft
2018-04-01 0 days 1,797 sqft
2018-05-01 0 days 1,860 sqft
2018-06-01 0 days 1,872 sqft
2018-07-01 0 days 1,915 sqft
2018-08-01 0 days 1,892 sqft
2018-09-01 0 days 1,826 sqft
2018-10-01 0 days 1,837 sqft
2018-11-01 0 days 1,812 sqft
2018-12-01 0 days 1,870 sqft
2019-01-01 0 days 1,903 sqft
2019-02-01 0 days 1,803 sqft
2019-03-01 0 days 1,765 sqft
2019-04-01 0 days 1,728 sqft
2019-05-01 0 days 1,731 sqft
2019-06-01 0 days 1,736 sqft
2019-07-01 0 days 1,734 sqft
2019-08-01 0 days 1,747 sqft
2019-09-01 0 days 1,763 sqft
2019-10-01 0 days 1,788 sqft
2019-11-01 0 days 1,739 sqft
2019-12-01 0 days 1,724 sqft
2020-01-01 0 days 1,654 sqft
2020-02-01 0 days 1,662 sqft
2020-03-01 0 days 1,582 sqft
2020-04-01 0 days 1,565 sqft
2020-05-01 0 days 1,513 sqft
2020-06-01 0 days 1,568 sqft
2020-07-01 0 days 1,582 sqft
2020-08-01 0 days 1,525 sqft
2020-09-01 0 days 1,548 sqft
2020-10-01 0 days 1,560 sqft
2020-11-01 0 days 1,550 sqft
2020-12-01 0 days 1,559 sqft
2021-01-01 0 days 1,551 sqft
2021-02-01 0 days 1,544 sqft
2021-03-01 0 days 1,631 sqft
2021-04-01 0 days 1,598 sqft
2021-05-01 0 days 1,568 sqft
2021-06-01 0 days 1,568 sqft
2021-07-01 0 days 1,568 sqft
2021-08-01 0 days 1,555 sqft
2021-09-01 0 days 1,548 sqft
2021-10-01 0 days 1,565 sqft
2021-11-01 0 days 1,599 sqft
2021-12-01 0 days 1,626 sqft
2022-01-01 0 days 1,580 sqft
2022-02-01 0 days 1,578 sqft
2022-03-01 0 days 1,510 sqft
2022-04-01 0 days 1,468 sqft
2022-05-01 0 days 1,433 sqft
2022-06-01 0 days 1,486 sqft
2022-07-01 0 days 1,570 sqft
2022-08-01 0 days 1,507 sqft
2022-09-01 0 days 1,475 sqft
2022-10-01 0 days 1,486 sqft
2022-11-01 0 days 1,521 sqft
Blytheville's median listing age (time on market) for 2022-11-01 was 0 days.

Blytheville's median square footage for active listings during the 2022-11-01 period was 1,521 sqft. One year prior, the average listing was 1,599 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).