Fayetteville FHA Loan Rates, Closing Costs & Stats

FAYETTEVILLE-SPRINGDALE-ROGERS, 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.

    Fayetteville's 136 lenders originated 2,073 FHA loans during 2024. The total origination value was $588,795,000, with an average FHA loan value of $284,030.

    Fayetteville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Fayetteville averaged 0.07% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Fayetteville's average FHA mortgage closing costs are $7,556.

    The average rate for the prior week (2025-06-13) was 6.75% and one month ago for the week of 2025-05-16, the average rate was 6.41%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.38%.

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

    Fayetteville 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 Fayetteville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 176 5.44% $8,569
    Arvest Bank 150 6.35% $9,400
    QUICKEN LOANS, LLC 137 6.32% $12,037
    FLAT BRANCH MORTGAGE, INC. 101 6.40% $10,192
    Priority Bank 98 5.90% $9,159
    UNITED WHOLESALE MORTGAGE, LLC 62 6.08% $12,229
    Centennial Bank 62 6.34% $11,606
    GERSHMAN INVESTMENT CORP. 55 5.98% $10,179
    GENEVA FINANCIAL, LLC 49 6.66% $12,822
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 39 6.34% $11,162
    ASSOCIATED MORTGAGE CORPORATION 38 6.57% $10,496
    MY MOVE MORTGAGE, LLC 33 6.44% $11,019
    American Mortgage Bank, LLC 33 6.68% $11,645
    Gateway First Bank 32 6.45% $10,413
    BROKER SOLUTIONS, INC. 29 6.71% $13,551
    PENNYMAC LOAN SERVICES, LLC 27 5.92% $8,751
    FREEDOM MORTGAGE CORPORATION 27 6.46% $13,528
    The Central Trust Bank 27 6.47% $9,925
    Regions Bank 25 6.27% $8,458
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 22 6.51% $9,810
    Simmons Bank 21 6.17% $9,570
    BOKF 20 6.34% $9,345
    Mr. Cooper ( Nationstar Mortgage ) 19 6.43% $13,287
    The First National Bank of Fort Smith 18 5.92% $11,025
    Eagle Bank and Trust Company 17 6.29% $8,367
    Bank of England 15 6.11% $8,972
    LEADERONE FINANCIAL CORPORATION 15 6.57% $11,275
    CROSSCOUNTRY MORTGAGE, LLC 13 6.76% $11,604
    ENCORE BANK 12 6.11% $8,865
    NEWREZ LLC 11 6.08% $10,471
    LOANDEPOT.COM, LLC 11 6.13% $12,401
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 11 6.55% $9,963
    FIRST WESTERN MORTGAGE, INC. 10 6.05% $7,700
    ENDEAVOR CAPITAL, LLC. 10 6.25% $10,909
    MUTUAL OF OMAHA MORTGAGE, INC. 10 6.18% $15,620
    Carrington Mortgage Services, LLC 9 6.22% $14,146
    AMERISAVE MORTGAGE CORPORATION 9 6.07% $18,337
    GUILD MORTGAGE COMPANY 9 6.35% $10,254
    POLARIS HOME FUNDING CORP. 8 6.47% $14,155
    LAKEVIEW LOAN SERVICING, LLC 8 6.34% $8,642
    PLANET HOME LENDING, LLC 8 6.00% $7,323
    American Mortgage & Equity Consultants, Inc. 8 6.69% $13,330
    UNITED 7 6.43% $8,431
    T2 FINANCIAL LLC 7 6.29% $13,188
    TOWNE MORTGAGE COMPANY 7 6.20% $9,513
    GMFS LLC 7 6.25% $7,218
    ZILLOW HOME LOANS, LLC 7 5.96% $11,781
    AMERICAN FINANCIAL NETWORK, INC. 6 6.54% $15,070
    COMMUNITY MORTGAGE CORPORATION 6 6.10% $9,775
    Plains Commerce Bank 6 6.21% $12,179
    First Horizon Bank 6 6.25% $9,106
    BancorpSouth 6 6.27% $8,770
    AMERICAN FINANCIAL RESOURCES, INC. 6 6.52% $14,185
    LOANPAL, LLC 5 5.75% $10,888
    First Community Bank 5 5.97% $11,174
    Mortgage Research Center, LLC 5 6.85% $5,442
    DAS Acquisition Company, LLC 5 6.60% $11,616
    HOMESIDE FINANCIAL, LLC 5 6.73% $16,896
    SUN WEST MORTGAGE COMPANY, INC. 5 6.20% $11,618
    Hamilton Mortgage Corporation 4 6.13% $11,763
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.81% $14,337
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.71% $5,519
    Century Mortgage Company DBA Century Lending Company 4 6.50% $8,578
    First Federal Bank 4 6.00% $8,913
    Paramount Residential Mortgage Group, Inc. 4 6.62% $11,833
    Firstar Bank 4 6.03% $9,323
    First Financial Bank 4 6.13% $9,584
    AmeriHome Mortgage Company, LLC 4 6.63% $6,581
    Equity Prime Mortgage LLC 3 8.08% $16,908
    AMERICAN FINANCING CORPORATION 3 5.38% $17,765
    CMG MORTGAGE, INC. 3 6.08% $10,264
    ENVOY MORTGAGE, LTD 3 6.21% $9,326
    Flagstar Bank, FSB 3 6.42% $9,976
    GUARANTEED RATE, INC. 3 6.56% $10,488
    LAND HOME FINANCIAL SERVICES, INC. 3 6.83% $17,453
    MID AMERICA MORTGAGE, INC. 3 6.46% $5,568
    Mortgage Assurance Inc. 3 6.21% $11,344
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.04% $16,800
    MOVEMENT MORTGAGE, LLC 3 6.66% $11,079
    NATIONS RELIABLE LENDING, LLC 3 6.13% $11,029
    ON Q FINANCIAL, INC. 3 6.75% $8,854
    OPEN MORTGAGE, LLC 3 7.00% $7,866
    Prosperity Home Mortgage, LLC 3 5.67% $15,202
    Sierra Pacific Mortgage Company, Inc. 3 6.04% $10,326
    LIBERTY HOME MORTGAGE CORPORATION 2 6.19% $22,628
    CORNERSTONE HOME LENDING, INC. 2 7.13% $6,782
    NBKC BANK 2 6.00% $8,564
    SENTE MORTGAGE, INC. 2 6.69% $8,990
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.62% $14,503
    VILLAGE CAPITAL MORTGAGE 2 6.25% $6,751
    UNION HOME MORTGAGE CORP. 2 7.13% $8,445
    CARDINAL FINANCIAL 2 7.00% $15,289
    Wells Fargo Bank 2 5.63% $12,029
    SOUTHWEST STAGE FUNDING, LLC 2 7.38% $7,838
    JPMorgan Chase Bank 2 6.50% $12,483
    Stride Bank 2 5.75% $14,839
    OCEANSIDE MORTGAGE COMPANY 2 5.75% $4,465
    Midwest Mortgage Associates Corporation 2 6.56% $8,292
    RELIANCE FIRST CAPITAL, LLC 2 6.94% $9,464
    First United Bank and Trust Company 1 6.75% $12,600
    First Security Bank 1 5.75% $8,120
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $15,682
    RUOFF MORTGAGE COMPANY, INC. 1 5.50% $13,720
    SeaTrust Mortgage Company 1 7.00% $9,853
    SFMC, LP 1 7.13% $13,913
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $9,054
    Evolve Bank & Trust 1 6.63% $7,670
    Stifel Bank and Trust 1 5.75% $8,987
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $10,989
    SWBC MORTGAGE CORPORATION 1 6.63% $12,102
    EMM LOANS LLC 1 5.99% $22,594
    The Federal Savings Bank 1 6.25% $20,766
    Citibank 1 6.25% $7,934
    The Loan Store, Inc. 1 7.13% $8,055
    Chickasaw Community Bank 1 6.63% $6,474
    MORTGAGE INVESTORS GROUP, INC. 1 6.00% $10,351
    BETTER MORTGAGE CORPORATION 1 5.75% $8,627
    U.S. Bank 1 6.00% $11,142
    Mortgage Investment Services Corporation 1 6.00% $15,654
    M&T Bank 1 7.25% $7,261
    Nations Lending Corporation 1 6.75% $10,831
    Magnolia Bank 1 5.75% $15,032
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.13% $8,505
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $13,481
    Network Funding, L.P. 1 5.63% $25,666
    NFM, INC. 1 7.25% $17,468
    Old National Bank 1 6.50% $10,665
    VERITAS FUNDING, LLC 1 5.75% $12,697
    Ixonia Bank 1 6.25% $15,444
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $12,290
    Pinnacle Bank 1 6.13% $9,456
    GUARANTEED RATE AFFINITY, LLC 1 5.63% $13,833
    Great Southern Bank 1 6.13% $6,744
    PLAZA HOME MORTGAGE, INC. 1 6.00% $8,641
    Flanagan State Bank 1 6.75% $14,136
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $6,893

    The top Fayetteville FHA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 176 FHA loans originated. Their average total fees are $8,569, which is $831 lower than the next largest lender, Arvest Bank.

    The lowest fee Fayetteville FHA lenders (with over 10 loans originated) are FIRST WESTERN MORTGAGE, INC. ($7,700), Eagle Bank and Trust Company ($8,367), Regions Bank ($8,458), DHI MORTGAGE COMPANY, LTD. ($8,569) and PENNYMAC LOAN SERVICES, LLC ($8,751).

    The lowest rate Fayetteville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.44%), Priority Bank (5.90%), The First National Bank of Fort Smith (5.92%), PENNYMAC LOAN SERVICES, LLC (5.92%) and GERSHMAN INVESTMENT CORP. (5.98%).

    Fayetteville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR BENTON 2022 $420,680 $538,650 $651,050 $809,150
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR MADISON 2022 $420,680 $538,650 $651,050 $809,150
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR BENTON 2023 $472,030 $604,400 $730,525 $907,900
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR MADISON 2023 $472,030 $604,400 $730,525 $907,900
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900

    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).