Camden FHA Loan Rates, Closing Costs & Stats

Camden, 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.

    Camden's 16 lenders originated 50 FHA loans during 2023. The total origination value was $6,980,000, with an average FHA loan value of $139,600.

    Camden FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Camden averaged 7% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

    Camden's average FHA mortgage closing costs are $5,324.

    The average rate for the prior week (2024-04-05) was 6.72% and one month ago for the week of 2024-03-08, the average rate was 7.06%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.74%.

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

    Camden 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 Camden level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 13 6.28% $7,157
    FirstTrust Home Loans, Inc. 11 6.82% $7,310
    EVERETT FINANCIAL, INC. 10 6.94% $7,227
    BROKER SOLUTIONS, INC. 1 7.13% $9,532
    CARDINAL FINANCIAL 1 7.75% $9,529
    Carrington Mortgage Services, LLC 1 6.88% $10,137
    Century Mortgage Company DBA Century Lending Company 1 6.75% $6,299
    CORNERSTONE HOME LENDING, INC. 1 7.38% $9,186
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $9,940
    LOANDEPOT.COM, LLC 1 6.13% $7,435
    Mortgage Research Center, LLC 1 6.75% $1,939
    SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $6,729
    ACADEMY MORTGAGE CORPORATION 1 6.13% $4,670
    THRIVE MORTGAGE, LLC 1 7.13% $4,791
    AMCAP MORTGAGE, LTD. 1 6.88% $5,752
    BancorpSouth 1 6.38% $4,878

    The top Camden FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 13 FHA loans originated. Their average total fees are $7,157, which is $152 lower than the next largest lender, FirstTrust Home Loans, Inc..

    The lowest fee Camden FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($7,157), EVERETT FINANCIAL, INC. ($7,227), FirstTrust Home Loans, Inc. ($7,310), .

    The lowest rate Camden FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.28%), FirstTrust Home Loans, Inc. (6.82%), EVERETT FINANCIAL, INC. (6.94%), .

    Camden FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Camden (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 $99,225 (14.9%) $130,156 (20.0%) 0.00 137
    2018-02-01 $85,875 (1.1%) $127,381 (17.3%) 0.00 142
    2018-03-01 $87,700 (5.2%) $131,316 (21.6%) 0.00 139
    2018-04-01 $88,250 (-4.0%) $135,953 (16.2%) 0.00 146
    2018-05-01 $98,500 (3.3%) $136,545 (15.5%) 0.00 147
    2018-06-01 $99,450 (-1.2%) $134,065 (9.9%) 0.00 146
    2018-07-01 $89,500 (-23.8%) $126,494 (1.1%) 0.00 136
    2018-08-01 $99,000 (-14.5%) $129,173 (1.7%) 0.00 132
    2018-09-01 $92,500 (-15.1%) $125,308 (-1.2%) 0.00 131
    2018-10-01 $89,850 (-21.8%) $114,194 (-11.0%) 0.00 125
    2018-11-01 $89,975 (-19.1%) $115,155 (-13.2%) 0.00 126
    2018-12-01 $90,000 (-10.0%) $114,854 (-11.6%) 0.00 124
    2019-01-01 $92,500 (-6.8%) $116,580 (-10.4%) 0.00 130
    2019-02-01 $88,450 (3.0%) $114,850 (-9.8%) 0.00 123
    2019-03-01 $88,286 (0.7%) $115,012 (-12.4%) 0.00 116
    2019-04-01 $89,950 (1.9%) $117,690 (-13.4%) 0.00 112
    2019-05-01 $86,750 (-11.9%) $115,859 (-15.2%) 0.00 116
    2019-06-01 $90,000 (-9.5%) $120,272 (-10.3%) 0.00 129
    2019-07-01 $89,700 (0.2%) $119,641 (-5.4%) 0.00 122
    2019-08-01 $90,473 (-8.6%) $121,510 (-5.9%) 0.00 125
    2019-09-01 $91,332 (-1.3%) $123,941 (-1.1%) 0.00 126
    2019-10-01 $95,850 (6.7%) $126,493 (10.8%) 0.00 129
    2019-11-01 $102,000 (13.4%) $130,521 (13.3%) 0.00 125
    2019-12-01 $92,000 (2.2%) $126,371 (10.0%) 0.00 126
    2020-01-01 $94,025 (1.7%) $122,178 (4.8%) 0.00 117
    2020-02-01 $92,000 (4.0%) $120,504 (4.9%) 0.00 113
    2020-03-01 $92,000 (4.2%) $119,059 (3.5%) 0.00 109
    2020-04-01 $89,750 (-0.2%) $113,834 (-3.3%) 0.00 104
    2020-05-01 $91,000 (4.9%) $116,772 (0.8%) 0.00 111
    2020-06-01 $104,500 (16.1%) $127,329 (5.9%) 0.00 105
    2020-07-01 $109,625 (22.2%) $130,528 (9.1%) 0.00 101
    2020-08-01 $109,750 (21.3%) $132,375 (8.9%) 0.00 90
    2020-09-01 $109,625 (20.0%) $129,947 (4.9%) 0.00 90
    2020-10-01 $112,500 (17.4%) $132,861 (5.0%) 0.00 93
    2020-11-01 $123,750 (21.3%) $131,906 (1.1%) 0.00 98
    2020-12-01 $109,500 (19.0%) $134,442 (6.4%) 0.00 92
    2021-01-01 $99,700 (6.0%) $130,313 (6.7%) 0.00 88
    2021-02-01 $93,000 (1.1%) $130,196 (8.0%) 0.00 76
    2021-03-01 $94,500 (2.7%) $125,620 (5.5%) 0.00 77
    2021-04-01 $105,000 (17.0%) $136,594 (20.0%) 0.00 73
    2021-05-01 $127,500 (40.1%) $142,652 (22.2%) 0.00 66
    2021-06-01 $135,625 (29.8%) $144,024 (13.1%) 0.00 67
    2021-07-01 $128,950 (17.6%) $151,520 (16.1%) 0.00 69
    2021-08-01 $120,325 (9.6%) $155,508 (17.5%) 0.00 71
    2021-09-01 $115,250 (5.1%) $156,127 (20.2%) 0.00 71
    2021-10-01 $137,500 (22.2%) $158,071 (19.0%) 0.00 69
    2021-11-01 $140,000 (13.1%) $153,043 (16.0%) 0.00 57
    2021-12-01 $126,950 (15.9%) $143,978 (7.1%) 0.00 53
    2022-01-01 $130,200 (30.6%) $141,290 (8.4%) 0.00 51
    2022-02-01 $141,800 (52.5%) $143,156 (10.0%) 0.00 49
    2022-03-01 $144,200 (52.6%) $167,852 (33.6%) 0.00 47
    2022-04-01 $139,500 (32.9%) $157,107 (15.0%) 0.00 55
    2022-05-01 $139,750 (9.6%) $166,640 (16.8%) 0.00 48
    2022-06-01 $153,350 (13.1%) $178,322 (23.8%) 0.00 53
    2022-07-01 $159,900 (24.0%) $192,172 (26.8%) 0.00 65
    2022-08-01 $172,000 (43.0%) $217,325 (39.8%) 0.00 64
    2022-09-01 $159,200 (38.1%) $206,964 (32.6%) 0.00 66
    2022-10-01 $174,900 (27.2%) $217,523 (37.6%) 0.00 68
    2022-11-01 $177,225 (26.6%) $227,924 (48.9%) 0.00 74
    2022-12-01 $169,900 (33.8%) $230,606 (60.2%) 0.00 72
    2023-01-01 $162,175 (24.6%) $219,644 (55.5%) 0.00 78
    2023-02-01 $187,225 (32.0%) $221,682 (54.9%) 0.00 86
    2023-03-01 $178,100 (23.5%) $219,628 (30.9%) 0.00 89
    2023-04-01 $175,500 (25.8%) $217,900 (38.7%) 0.00 85
    2023-05-01 $178,125 (27.5%) $217,760 (30.7%) 0.00 75
    2023-06-01 $169,250 (10.4%) $198,663 (11.4%) 0.00 77
    2023-07-01 $166,450 (4.1%) $175,061 (-8.9%) 0.00 81
    2023-08-01 $169,850 (-1.3%) $187,754 (-13.6%) 0.00 80
    2023-09-01 $169,900 (6.7%) $200,157 (-3.3%) 0.00 77
    2023-10-01 $169,900 (-2.9%) $210,715 (-3.1%) 0.00 81
    2023-11-01 $148,725 (-16.1%) $187,373 (-17.8%) 0.00 64
    2023-12-01 $144,950 (-14.7%) $183,223 (-20.6%) 0.00 66
    2024-01-01 $140,850 (-13.2%) $168,245 (-23.4%) 0.00 63
    2024-02-01 $153,500 (-18.0%) $179,717 (-18.9%) 0.00 62
    2024-03-01 $159,900 (-10.2%) $179,120 (-18.4%) 0.00 66
    Camden's median listing price for 2024-03-01 was $159,900, a difference of $-18,200 (-10.2%) versus the prior year and $6,400 versus the prior month.

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

    Camden's average listing price for 2024-03-01 was $179,120, a difference of $-40,508 (-18.4%) versus the prior year and $-597 versus the prior month.

    For the 2024-03-01 period, Camden had 66 MLS listings, a difference of 4 listings (6%) versus the prior month and -23 listings (-26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Camden (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,919 sqft
    2018-02-01 0 days 1,936 sqft
    2018-03-01 0 days 1,964 sqft
    2018-04-01 0 days 2,066 sqft
    2018-05-01 0 days 2,077 sqft
    2018-06-01 0 days 1,948 sqft
    2018-07-01 0 days 1,865 sqft
    2018-08-01 0 days 1,869 sqft
    2018-09-01 0 days 1,840 sqft
    2018-10-01 0 days 1,827 sqft
    2018-11-01 0 days 1,844 sqft
    2018-12-01 0 days 1,869 sqft
    2019-01-01 0 days 1,868 sqft
    2019-02-01 0 days 1,856 sqft
    2019-03-01 0 days 1,865 sqft
    2019-04-01 0 days 1,874 sqft
    2019-05-01 0 days 1,880 sqft
    2019-06-01 0 days 1,896 sqft
    2019-07-01 0 days 1,846 sqft
    2019-08-01 0 days 1,794 sqft
    2019-09-01 0 days 1,742 sqft
    2019-10-01 0 days 1,711 sqft
    2019-11-01 0 days 1,746 sqft
    2019-12-01 0 days 1,707 sqft
    2020-01-01 0 days 1,699 sqft
    2020-02-01 0 days 1,697 sqft
    2020-03-01 0 days 1,702 sqft
    2020-04-01 0 days 1,831 sqft
    2020-05-01 0 days 1,755 sqft
    2020-06-01 0 days 1,800 sqft
    2020-07-01 0 days 1,853 sqft
    2020-08-01 0 days 1,856 sqft
    2020-09-01 0 days 1,859 sqft
    2020-10-01 0 days 1,896 sqft
    2020-11-01 0 days 1,888 sqft
    2020-12-01 0 days 1,878 sqft
    2021-01-01 0 days 1,868 sqft
    2021-02-01 0 days 1,886 sqft
    2021-03-01 0 days 1,878 sqft
    2021-04-01 0 days 2,009 sqft
    2021-05-01 0 days 1,990 sqft
    2021-06-01 0 days 2,012 sqft
    2021-07-01 0 days 1,899 sqft
    2021-08-01 0 days 1,909 sqft
    2021-09-01 0 days 1,790 sqft
    2021-10-01 0 days 1,834 sqft
    2021-11-01 0 days 1,772 sqft
    2021-12-01 0 days 1,717 sqft
    2022-01-01 0 days 1,779 sqft
    2022-02-01 0 days 1,749 sqft
    2022-03-01 0 days 1,869 sqft
    2022-04-01 0 days 1,726 sqft
    2022-05-01 0 days 1,788 sqft
    2022-06-01 0 days 1,752 sqft
    2022-07-01 0 days 1,829 sqft
    2022-08-01 0 days 1,892 sqft
    2022-09-01 0 days 1,869 sqft
    2022-10-01 0 days 1,914 sqft
    2022-11-01 0 days 1,893 sqft
    2022-12-01 0 days 1,756 sqft
    2023-01-01 0 days 1,729 sqft
    2023-02-01 0 days 1,812 sqft
    2023-03-01 0 days 1,726 sqft
    2023-04-01 0 days 1,730 sqft
    2023-05-01 0 days 1,742 sqft
    2023-06-01 0 days 1,745 sqft
    2023-07-01 0 days 1,740 sqft
    2023-08-01 0 days 1,802 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,827 sqft
    2023-11-01 0 days 1,694 sqft
    2023-12-01 0 days 1,664 sqft
    2024-01-01 0 days 1,739 sqft
    2024-02-01 0 days 1,825 sqft
    2024-03-01 0 days 1,790 sqft
    Camden's median listing age (time on market) for 2024-03-01 was 0 days.

    Camden's median square footage for active listings during the 2024-03-01 period was 1,790 sqft. One year prior, the average listing was 1,726 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).