Fayetteville FHA Loan Rates, Closing Costs & Stats

FAYETTEVILLE-SPRINGDALE-ROGERS, 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.

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).