Malvern FHA Loan Rates, Closing Costs & Stats

Malvern, 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.

    Malvern's 34 lenders originated 79 FHA loans during 2024. The total origination value was $12,975,000, with an average FHA loan value of $164,241.

    Malvern FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Malvern averaged 6.21% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Malvern's average FHA mortgage closing costs are $5,821.

    The average rate for the prior week (2025-03-28) was 6.31% and one month ago for the week of 2025-02-28, the average rate was 6.49%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.26%.

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

    Malvern 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 Malvern level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 11 6.71% $6,961
    EUSTIS AND AMERICAN MORTGAGE COMPANY 7 6.30% $7,287
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.88% $8,860
    GMFS LLC 4 6.34% $4,164
    American Mortgage & Equity Consultants, Inc. 3 7.13% $7,403
    Arvest Bank 3 6.42% $6,598
    COMMUNITY MORTGAGE CORPORATION 3 6.17% $6,974
    CORNERSTONE HOME LENDING, INC. 2 6.75% $6,867
    UNITED WHOLESALE MORTGAGE, LLC 2 6.75% $9,523
    GERSHMAN INVESTMENT CORP. 2 6.44% $7,159
    Flanagan State Bank 2 5.69% $4,711
    First Horizon Bank 1 6.63% $7,146
    First Security Bank 1 5.88% $5,429
    FREEDOM MORTGAGE CORPORATION 1 6.75% $16,609
    Barrington Bank & Trust Company, N.A. 1 6.25% $9,630
    LAKEVIEW LOAN SERVICING, LLC 1 7.25% $8,608
    LOANDEPOT.COM, LLC 1 7.13% $7,848
    Mortgage Research Center, LLC 1 6.25% $3,107
    MOVEMENT MORTGAGE, LLC 1 6.50% $5,967
    NEXERA HOLDING LLC 1 5.50% $8,104
    NFM, INC. 1 6.38% $11,050
    Paramount Residential Mortgage Group, Inc. 1 6.63% $9,721
    PENTAGON FEDERAL CREDIT UNION 1 6.88% $3,875
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $16,000
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $2,757
    Simmons Bank 1 6.50% $6,771
    SWBC MORTGAGE CORPORATION 1 6.63% $7,358
    UNION HOME MORTGAGE CORP. 1 6.88% $7,092
    VILLAGE CAPITAL MORTGAGE 1 6.88% $3,074
    Eagle Bank and Trust Company 1 6.38% $6,370
    ZILLOW HOME LOANS, LLC 1 7.00% $4,779
    ENCORE BANK 1 6.62% $5,651
    CARDINAL FINANCIAL 1 5.75% $6,982
    Farmers Bank & Trust Company 1 6.63% $6,860

    The top Malvern FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 11 FHA loans originated. Their average total fees are $6,961, which is $326 lower than the next largest lender, EUSTIS AND AMERICAN MORTGAGE COMPANY.

    The lowest fee Malvern FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($6,961), .

    The lowest rate Malvern FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.71%), .

    Malvern FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Malvern (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 $126,750 (11.7%) $160,156 (9.8%) 0.00 128
    2018-02-01 $128,200 (17.6%) $166,675 (13.6%) 0.00 131
    2018-03-01 $129,900 (23.8%) $165,020 (14.0%) 0.00 111
    2018-04-01 $135,900 (24.7%) $183,364 (23.5%) 0.00 113
    2018-05-01 $131,200 (14.4%) $182,771 (23.7%) 0.00 115
    2018-06-01 $129,900 (7.2%) $180,055 (18.2%) 0.00 124
    2018-07-01 $136,625 (5.1%) $177,850 (14.7%) 0.00 120
    2018-08-01 $149,125 (9.1%) $166,947 (4.8%) 0.00 116
    2018-09-01 $149,950 (7.7%) $169,486 (5.7%) 0.00 114
    2018-10-01 $144,894 (4.2%) $166,360 (-0.6%) 0.00 120
    2018-11-01 $128,900 (-6.0%) $147,927 (-10.3%) 0.00 118
    2018-12-01 $126,900 (-2.3%) $145,664 (-8.3%) 0.00 107
    2019-01-01 $129,288 (2.0%) $143,927 (-10.1%) 0.00 102
    2019-02-01 $135,250 (5.5%) $154,958 (-7.0%) 0.00 93
    2019-03-01 $115,479 (-11.1%) $148,171 (-10.2%) 0.00 94
    2019-04-01 $110,454 (-18.7%) $144,539 (-21.2%) 0.00 93
    2019-05-01 $135,325 (3.1%) $161,338 (-11.7%) 0.00 88
    2019-06-01 $155,000 (19.3%) $170,083 (-5.5%) 0.00 90
    2019-07-01 $149,750 (9.6%) $174,456 (-1.9%) 0.00 83
    2019-08-01 $151,643 (1.7%) $173,111 (3.7%) 0.00 84
    2019-09-01 $154,108 (2.8%) $173,266 (2.2%) 0.00 87
    2019-10-01 $155,189 (7.1%) $173,368 (4.2%) 0.00 88
    2019-11-01 $159,000 (23.4%) $186,126 (25.8%) 0.00 83
    2019-12-01 $157,225 (23.9%) $192,481 (32.1%) 0.00 89
    2020-01-01 $159,600 (23.5%) $197,826 (37.5%) 0.00 92
    2020-02-01 $160,000 (18.3%) $209,419 (35.2%) 0.00 94
    2020-03-01 $192,000 (66.3%) $220,828 (49.0%) 0.00 88
    2020-04-01 $198,750 (79.9%) $232,593 (60.9%) 0.00 80
    2020-05-01 $192,450 (42.2%) $235,962 (46.3%) 0.00 71
    2020-06-01 $190,725 (23.1%) $252,992 (48.8%) 0.00 62
    2020-07-01 $193,625 (29.3%) $250,896 (43.8%) 0.00 64
    2020-08-01 $199,000 (31.2%) $271,253 (56.7%) 0.00 59
    2020-09-01 $164,725 (6.9%) $261,606 (51.0%) 0.00 59
    2020-10-01 $175,000 (12.8%) $256,881 (48.2%) 0.00 53
    2020-11-01 $159,450 (0.3%) $242,706 (30.4%) 0.00 57
    2020-12-01 $139,000 (-11.6%) $246,458 (28.0%) 0.00 60
    2021-01-01 $157,500 (-1.3%) $249,997 (26.4%) 0.00 54
    2021-02-01 $136,750 (-14.5%) $257,076 (22.8%) 0.00 46
    2021-03-01 $166,375 (-13.4%) $297,483 (34.7%) 0.00 44
    2021-04-01 $159,175 (-19.9%) $274,004 (17.8%) 0.00 42
    2021-05-01 $165,000 (-14.3%) $294,311 (24.7%) 0.00 40
    2021-06-01 $175,920 (-7.8%) $305,685 (20.8%) 0.00 39
    2021-07-01 $182,450 (-5.8%) $289,390 (15.3%) 0.00 46
    2021-08-01 $173,650 (-12.7%) $212,336 (-21.7%) 0.00 54
    2021-09-01 $176,975 (7.4%) $245,520 (-6.2%) 0.00 47
    2021-10-01 $179,900 (2.8%) $261,411 (1.8%) 0.00 52
    2021-11-01 $211,238 (32.5%) $295,354 (21.7%) 0.00 46
    2021-12-01 $221,250 (59.2%) $312,129 (26.7%) 0.00 44
    2022-01-01 $225,000 (42.9%) $309,531 (23.8%) 0.00 37
    2022-02-01 $198,000 (44.8%) $294,419 (14.5%) 0.00 44
    2022-03-01 $182,000 (9.4%) $262,719 (-11.7%) 0.00 39
    2022-04-01 $164,950 (3.6%) $236,685 (-13.6%) 0.00 43
    2022-05-01 $178,333 (8.1%) $258,521 (-12.2%) 0.00 54
    2022-06-01 $194,000 (10.3%) $286,766 (-6.2%) 0.00 49
    2022-07-01 $195,000 (6.9%) $269,394 (-6.9%) 0.00 60
    2022-08-01 $192,500 (10.9%) $261,704 (23.3%) 0.00 64
    2022-09-01 $189,500 (7.1%) $281,443 (14.6%) 0.00 58
    2022-10-01 $189,000 (5.1%) $299,001 (14.4%) 0.00 56
    2022-11-01 $173,225 (-18.0%) $256,519 (-13.2%) 0.00 76
    2022-12-01 $169,900 (-23.2%) $249,670 (-20.0%) 0.00 68
    2023-01-01 $173,725 (-22.8%) $243,103 (-21.5%) 0.00 56
    2023-02-01 $176,000 (-11.1%) $237,855 (-19.2%) 0.00 55
    2023-03-01 $182,225 (0.1%) $269,802 (2.7%) 0.00 46
    2023-04-01 $197,000 (19.4%) $284,930 (20.4%) 0.00 44
    2023-05-01 $243,750 (36.7%) $325,403 (25.9%) 0.00 47
    2023-06-01 $236,225 (21.8%) $336,955 (17.5%) 0.00 48
    2023-07-01 $232,450 (19.2%) $310,958 (15.4%) 0.00 53
    2023-08-01 $217,000 (12.7%) $274,322 (4.8%) 0.00 56
    2023-09-01 $201,000 (6.1%) $258,621 (-8.1%) 0.00 58
    2023-10-01 $212,725 (12.6%) $250,842 (-16.1%) 0.00 57
    2023-11-01 $198,000 (14.3%) $236,631 (-7.8%) 0.00 61
    2023-12-01 $199,000 (17.1%) $248,743 (-0.4%) 0.00 54
    2024-01-01 $219,725 (26.5%) $258,559 (6.4%) 0.00 55
    2024-02-01 $207,450 (17.9%) $248,633 (4.5%) 0.00 60
    2024-03-01 $210,000 (15.2%) $245,308 (-9.1%) 0.00 60
    2024-04-01 $198,750 (0.9%) $235,804 (-17.2%) 0.00 61
    2024-05-01 $196,100 (-19.6%) $228,524 (-29.8%) 0.00 63
    2024-06-01 $199,500 (-15.6%) $297,544 (-11.7%) 0.00 63
    2024-07-01 $234,975 (1.1%) $334,809 (7.7%) 0.00 77
    2024-08-01 $239,500 (10.4%) $329,672 (20.2%) 0.00 84
    2024-09-01 $230,000 (14.4%) $314,616 (21.7%) 0.00 99
    2024-10-01 $250,750 (17.9%) $334,533 (33.4%) 0.00 94
    2024-11-01 $234,500 (18.4%) $317,037 (34.0%) 0.00 98
    2024-12-01 $217,000 (9.1%) $302,277 (21.5%) 0.00 96
    2025-01-01 $210,375 (-4.3%) $291,803 (12.9%) 0.00 85
    2025-02-01 $199,200 (-4.0%) $281,517 (13.2%) 0.00 86
    2025-03-01 $199,350 (-5.1%) $288,898 (17.8%) 0.00 90
    Malvern's median listing price for 2025-03-01 was $199,350, a difference of $-10,650 (-5.1%) versus the prior year and $150 versus the prior month.

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

    Malvern's average listing price for 2025-03-01 was $288,898, a difference of $43,590 (17.8%) versus the prior year and $7,381 versus the prior month.

    For the 2025-03-01 period, Malvern had 90 MLS listings, a difference of 4 listings (5%) versus the prior month and 30 listings (50%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Malvern (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,582 sqft
    2018-02-01 0 days 1,574 sqft
    2018-03-01 0 days 1,579 sqft
    2018-04-01 0 days 1,683 sqft
    2018-05-01 0 days 1,677 sqft
    2018-06-01 0 days 1,761 sqft
    2018-07-01 0 days 1,768 sqft
    2018-08-01 0 days 1,733 sqft
    2018-09-01 0 days 1,760 sqft
    2018-10-01 0 days 1,733 sqft
    2018-11-01 0 days 1,742 sqft
    2018-12-01 0 days 1,679 sqft
    2019-01-01 0 days 1,653 sqft
    2019-02-01 0 days 1,678 sqft
    2019-03-01 0 days 1,598 sqft
    2019-04-01 0 days 1,585 sqft
    2019-05-01 0 days 1,664 sqft
    2019-06-01 0 days 1,678 sqft
    2019-07-01 0 days 1,700 sqft
    2019-08-01 0 days 1,664 sqft
    2019-09-01 0 days 1,664 sqft
    2019-10-01 0 days 1,664 sqft
    2019-11-01 0 days 1,727 sqft
    2019-12-01 0 days 1,699 sqft
    2020-01-01 0 days 1,746 sqft
    2020-02-01 0 days 1,756 sqft
    2020-03-01 0 days 1,811 sqft
    2020-04-01 0 days 1,811 sqft
    2020-05-01 0 days 1,844 sqft
    2020-06-01 0 days 1,821 sqft
    2020-07-01 0 days 1,820 sqft
    2020-08-01 0 days 1,916 sqft
    2020-09-01 0 days 1,890 sqft
    2020-10-01 0 days 2,023 sqft
    2020-11-01 0 days 1,914 sqft
    2020-12-01 0 days 1,822 sqft
    2021-01-01 0 days 1,916 sqft
    2021-02-01 0 days 1,760 sqft
    2021-03-01 0 days 1,780 sqft
    2021-04-01 0 days 1,630 sqft
    2021-05-01 0 days 1,657 sqft
    2021-06-01 0 days 1,642 sqft
    2021-07-01 0 days 1,644 sqft
    2021-08-01 0 days 1,549 sqft
    2021-09-01 0 days 1,600 sqft
    2021-10-01 0 days 1,456 sqft
    2021-11-01 0 days 1,758 sqft
    2021-12-01 0 days 1,792 sqft
    2022-01-01 0 days 2,014 sqft
    2022-02-01 0 days 1,901 sqft
    2022-03-01 0 days 1,798 sqft
    2022-04-01 0 days 1,545 sqft
    2022-05-01 0 days 1,425 sqft
    2022-06-01 0 days 1,596 sqft
    2022-07-01 0 days 1,703 sqft
    2022-08-01 0 days 1,742 sqft
    2022-09-01 0 days 1,780 sqft
    2022-10-01 0 days 1,771 sqft
    2022-11-01 0 days 1,761 sqft
    2022-12-01 0 days 1,756 sqft
    2023-01-01 0 days 1,788 sqft
    2023-02-01 0 days 1,873 sqft
    2023-03-01 0 days 1,912 sqft
    2023-04-01 0 days 1,949 sqft
    2023-05-01 0 days 1,970 sqft
    2023-06-01 0 days 2,059 sqft
    2023-07-01 0 days 1,985 sqft
    2023-08-01 0 days 1,708 sqft
    2023-09-01 0 days 1,691 sqft
    2023-10-01 0 days 1,696 sqft
    2023-11-01 0 days 1,694 sqft
    2023-12-01 0 days 1,700 sqft
    2024-01-01 0 days 1,704 sqft
    2024-02-01 0 days 1,712 sqft
    2024-03-01 0 days 1,729 sqft
    2024-04-01 0 days 1,730 sqft
    2024-05-01 0 days 1,713 sqft
    2024-06-01 0 days 1,735 sqft
    2024-07-01 0 days 1,795 sqft
    2024-08-01 0 days 1,860 sqft
    2024-09-01 0 days 1,845 sqft
    2024-10-01 0 days 1,880 sqft
    2024-11-01 0 days 1,825 sqft
    2024-12-01 0 days 1,848 sqft
    2025-01-01 0 days 1,875 sqft
    2025-02-01 0 days 1,704 sqft
    2025-03-01 0 days 1,740 sqft
    Malvern's median listing age (time on market) for 2025-03-01 was 0 days.

    Malvern's median square footage for active listings during the 2025-03-01 period was 1,740 sqft. One year prior, the average listing was 1,729 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).