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).