Pine Bluff FHA Loan Rates, Closing Costs & Stats

PINE BLUFF, 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.

Pine Bluff's 46 lenders originated 180 FHA loans during 2024. The total origination value was $27,500,000, with an average FHA loan value of $152,778.

Pine Bluff FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Pine Bluff averaged 0.36% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

Pine Bluff's average FHA mortgage closing costs are $6,126.

The average rate for the prior week (2025-06-27) was 6.75% and one month ago for the week of 2025-05-30, the average rate was 6.82%.

The average rate one year ago was 6.85%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.13%.

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

Pine Bluff 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 Pine Bluff level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
MORTGAGE FINANCIAL SERVICES, LLC 30 6.94% $8,264
QUICKEN LOANS, LLC 17 6.55% $7,777
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 7.07% $7,282
Simmons Bank 13 6.15% $5,688
PILGRIM MORTGAGE LLC 7 6.71% $7,748
GUARANTEED RATE, INC. 7 6.76% $7,930
UNITED WHOLESALE MORTGAGE, LLC 6 6.39% $8,915
PENNYMAC LOAN SERVICES, LLC 6 6.19% $8,133
CROSSCOUNTRY MORTGAGE, LLC 5 6.15% $7,594
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 7.34% $10,947
FREEDOM MORTGAGE CORPORATION 3 6.75% $7,038
First Community Bank 3 6.38% $8,026
Bank of England 3 6.13% $7,510
MOVEMENT MORTGAGE, LLC 3 6.88% $6,284
Eagle Bank and Trust Company 3 6.17% $5,586
EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.25% $7,698
PLANET HOME LENDING, LLC 2 6.12% $4,730
Centennial Bank 2 6.44% $8,613
COMMUNITY MORTGAGE CORPORATION 2 5.94% $6,314
FLAT BRANCH MORTGAGE, INC. 2 6.25% $7,135
GUILD MORTGAGE COMPANY 2 6.81% $6,437
VILLAGE CAPITAL MORTGAGE 2 7.13% $4,399
DAS Acquisition Company, LLC 1 6.75% $8,646
Wells Fargo Bank 1 6.75% $7,282
LOANDEPOT.COM, LLC 1 5.99% $8,388
Carrington Mortgage Services, LLC 1 7.88% $10,952
Mortgage Research Center, LLC 1 7.25% $4,817
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $9,357
CANOPY MORTGAGE, LLC 1 6.63% $13,934
M&T Bank 1 7.50% $7,094
Nations Lending Corporation 1 5.88% $3,018
NEW DAY FINANCIAL, LLC 1 7.75% $4,948
NFM, INC. 1 7.25% $6,775
BROKER SOLUTIONS, INC. 1 7.13% $7,437
BancorpSouth 1 6.50% $5,432
American Mortgage & Equity Consultants, Inc. 1 7.50% $6,900
Arvest Bank 1 7.00% $7,161
AMERITRUST MORTGAGE CORPORATION 1 6.75% $14,732
RELIANCE FIRST CAPITAL, LLC 1 6.00% $21,877
Residential Acceptance Corporation 1 7.50% $9,918
AMERISAVE MORTGAGE CORPORATION 1 7.25% $7,677
T2 FINANCIAL LLC 1 7.25% $7,923
TIB The Independent Bankersbank 1 7.25% $6,662
FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $4,477
AmeriHome Mortgage Company, LLC 1 6.63% $6,172
ENDEAVOR CAPITAL, LLC. 1 6.75% $10,988

The top Pine Bluff FHA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with 30 FHA loans originated. Their average total fees are $8,264, which is $487 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Pine Bluff FHA lenders (with over 10 loans originated) are Simmons Bank ($5,688), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,282), QUICKEN LOANS, LLC ($7,777), MORTGAGE FINANCIAL SERVICES, LLC ($8,264) and .

The lowest rate Pine Bluff FHA lenders (with over 10 loans originated) are Simmons Bank (6.15%), QUICKEN LOANS, LLC (6.55%), MORTGAGE FINANCIAL SERVICES, LLC (6.94%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.07%) and .

Pine Bluff FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
PINE BLUFF, AR CLEVELAND 2022 $420,680 $538,650 $651,050 $809,150
PINE BLUFF, AR JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
PINE BLUFF, AR LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
PINE BLUFF, AR CLEVELAND 2023 $472,030 $604,400 $730,525 $907,900
PINE BLUFF, AR JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
PINE BLUFF, AR LINCOLN 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).