Pine Bluff FHA Loan Rates, Closing Costs & Stats

PINE BLUFF, 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.

    Pine Bluff's 43 lenders originated 218 FHA loans during 2023. The total origination value was $33,650,000, with an average FHA loan value of $154,358.

    Pine Bluff FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Pine Bluff averaged 6.78% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Pine Bluff's average FHA mortgage closing costs are $5,922.

    The average rate for the prior week (2025-02-07) was 6.5% and one month ago for the week of 2025-01-10, the average rate was 6.66%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.52%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MORTGAGE FINANCIAL SERVICES, LLC 35 6.81% $7,815
    Simmons Bank 27 6.49% $6,925
    EVERETT FINANCIAL, INC. 20 6.86% $7,716
    QUICKEN LOANS, LLC 20 6.46% $8,283
    UNITED WHOLESALE MORTGAGE, LLC 14 6.89% $9,491
    GUARANTEED RATE, INC. 14 6.88% $7,164
    FirstTrust Home Loans, Inc. 14 6.78% $7,721
    PILGRIM MORTGAGE LLC 8 6.92% $8,174
    CROSSCOUNTRY MORTGAGE, LLC 5 6.27% $9,765
    LOANDEPOT.COM, LLC 4 6.47% $8,555
    NEWREZ LLC 3 6.50% $9,024
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.25% $7,169
    PLANET HOME LENDING, LLC 2 6.25% $6,734
    First Community Bank 2 5.88% $6,560
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $12,035
    BROKER SOLUTIONS, INC. 2 6.75% $7,707
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.00% $10,218
    FLAT BRANCH MORTGAGE, INC. 2 7.00% $4,994
    AMERISAVE MORTGAGE CORPORATION 2 6.25% $11,606
    POLARIS HOME FUNDING CORP. 1 6.25% $10,045
    Sierra Pacific Mortgage Company, Inc. 1 7.63% $9,190
    TIB The Independent Bankersbank 1 5.88% $11,218
    VILLAGE CAPITAL MORTGAGE 1 6.75% $4,569
    AMCAP MORTGAGE, LTD. 1 6.63% $6,068
    Wells Fargo Bank 1 6.63% $6,101
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $8,717
    AMERICAN FINANCING CORPORATION 1 6.13% $8,768
    Arvest Bank 1 6.88% $8,209
    BancorpSouth 1 7.50% $3,714
    Bank of England 1 7.25% $5,659
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 6.75% $7,064
    CARDINAL FINANCIAL 1 7.13% $7,484
    Carrington Mortgage Services, LLC 1 6.75% $7,382
    Citizens Bank 1 5.25% $7,424
    COMMUNITY MORTGAGE CORPORATION 1 5.99% $7,254
    Eagle Bank and Trust Company 1 7.13% $5,306
    Equity Prime Mortgage LLC 1 6.38% $4,665
    FIRST COMMUNITY MORTGAGE, INC. 1 7.25% $6,009
    GUILD MORTGAGE COMPANY 1 6.88% $7,930
    LAKEVIEW LOAN SERVICING, LLC 1 7.25% $11,612
    Mortgage Research Center, LLC 1 5.75% $2,432
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $10,640
    Nations Lending Corporation 1 6.25% $9,201

    The top Pine Bluff FHA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with 35 FHA loans originated. Their average total fees are $7,815, which is $890 higher than the next largest lender, Simmons Bank.

    The lowest fee Pine Bluff FHA lenders (with over 10 loans originated) are Simmons Bank ($6,925), GUARANTEED RATE, INC. ($7,164), EVERETT FINANCIAL, INC. ($7,716), FirstTrust Home Loans, Inc. ($7,721) and MORTGAGE FINANCIAL SERVICES, LLC ($7,815).

    The lowest rate Pine Bluff FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.46%), Simmons Bank (6.49%), FirstTrust Home Loans, Inc. (6.78%), MORTGAGE FINANCIAL SERVICES, LLC (6.81%) and EVERETT FINANCIAL, INC. (6.86%).

    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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Pine Bluff (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 $98,000 (2.6%) $114,674 (-6.2%) 0.00 191
    2018-02-01 $95,500 (-2.7%) $113,601 (-8.0%) 0.00 189
    2018-03-01 $85,000 (-14.9%) $104,690 (-17.5%) 0.00 184
    2018-04-01 $91,725 (-7.5%) $114,587 (-8.8%) 0.00 188
    2018-05-01 $95,950 (-0.4%) $118,789 (-2.4%) 0.00 194
    2018-06-01 $99,900 (5.6%) $119,095 (-3.5%) 0.00 200
    2018-07-01 $99,900 (1.1%) $119,491 (-3.9%) 0.00 198
    2018-08-01 $99,800 (7.9%) $118,123 (0.2%) 0.00 208
    2018-09-01 $99,900 (5.2%) $119,629 (1.5%) 0.00 208
    2018-10-01 $97,950 (3.2%) $117,500 (2.7%) 0.00 209
    2018-11-01 $89,925 (-2.2%) $110,305 (-0.8%) 0.00 220
    2018-12-01 $89,950 (-4.8%) $111,917 (-0.3%) 0.00 208
    2019-01-01 $88,000 (-10.2%) $106,007 (-7.6%) 0.00 206
    2019-02-01 $87,725 (-8.1%) $106,767 (-6.0%) 0.00 202
    2019-03-01 $87,071 (2.4%) $108,525 (3.7%) 0.00 207
    2019-04-01 $89,925 (-2.0%) $111,296 (-2.9%) 0.00 210
    2019-05-01 $89,925 (-6.3%) $108,460 (-8.7%) 0.00 196
    2019-06-01 $84,700 (-15.2%) $111,582 (-6.3%) 0.00 190
    2019-07-01 $83,500 (-16.4%) $113,170 (-5.3%) 0.00 189
    2019-08-01 $80,091 (-19.8%) $111,380 (-5.7%) 0.00 201
    2019-09-01 $77,227 (-22.7%) $109,800 (-8.2%) 0.00 219
    2019-10-01 $75,000 (-23.4%) $108,712 (-7.5%) 0.00 235
    2019-11-01 $73,700 (-18.0%) $104,089 (-5.6%) 0.00 242
    2019-12-01 $69,975 (-22.2%) $99,065 (-11.5%) 0.00 228
    2020-01-01 $69,350 (-21.2%) $99,176 (-6.4%) 0.00 214
    2020-02-01 $73,995 (-15.7%) $104,790 (-1.9%) 0.00 207
    2020-03-01 $77,150 (-11.4%) $107,523 (-0.9%) 0.00 201
    2020-04-01 $74,900 (-16.7%) $104,629 (-6.0%) 0.00 193
    2020-05-01 $74,500 (-17.2%) $103,463 (-4.6%) 0.00 175
    2020-06-01 $71,000 (-16.2%) $101,909 (-8.7%) 0.00 151
    2020-07-01 $74,900 (-10.3%) $114,499 (1.2%) 0.00 138
    2020-08-01 $74,250 (-7.3%) $116,371 (4.5%) 0.00 123
    2020-09-01 $83,425 (8.0%) $128,011 (16.6%) 0.00 122
    2020-10-01 $96,500 (28.7%) $123,613 (13.7%) 0.00 124
    2020-11-01 $100,925 (36.9%) $126,025 (21.1%) 0.00 125
    2020-12-01 $102,000 (45.8%) $129,374 (30.6%) 0.00 125
    2021-01-01 $104,000 (50.0%) $132,923 (34.0%) 0.00 97
    2021-02-01 $88,500 (19.6%) $118,165 (12.8%) 0.00 87
    2021-03-01 $101,225 (31.2%) $119,365 (11.0%) 0.00 84
    2021-04-01 $99,950 (33.4%) $118,324 (13.1%) 0.00 78
    2021-05-01 $92,450 (24.1%) $114,340 (10.5%) 0.00 76
    2021-06-01 $93,350 (31.5%) $117,311 (15.1%) 0.00 73
    2021-07-01 $102,450 (36.8%) $130,831 (14.3%) 0.00 87
    2021-08-01 $102,450 (38.0%) $133,128 (14.4%) 0.00 103
    2021-09-01 $102,000 (22.3%) $138,460 (8.2%) 0.00 113
    2021-10-01 $110,000 (14.0%) $142,306 (15.1%) 0.00 129
    2021-11-01 $106,225 (5.3%) $139,521 (10.7%) 0.00 127
    2021-12-01 $109,950 (7.8%) $142,668 (10.3%) 0.00 120
    2022-01-01 $114,950 (10.5%) $151,935 (14.3%) 0.00 100
    2022-02-01 $109,475 (23.7%) $145,969 (23.5%) 0.00 89
    2022-03-01 $122,500 (21.0%) $155,764 (30.5%) 0.00 85
    2022-04-01 $140,000 (40.1%) $165,135 (39.6%) 0.00 90
    2022-05-01 $151,200 (63.6%) $162,054 (41.7%) 0.00 93
    2022-06-01 $137,975 (47.8%) $166,666 (42.1%) 0.00 96
    2022-07-01 $129,900 (26.8%) $165,612 (26.6%) 0.00 107
    2022-08-01 $127,500 (24.5%) $159,676 (19.9%) 0.00 108
    2022-09-01 $135,500 (32.8%) $161,181 (16.4%) 0.00 120
    2022-10-01 $149,900 (36.3%) $176,496 (24.0%) 0.00 116
    2022-11-01 $143,825 (35.4%) $165,843 (18.9%) 0.00 125
    2022-12-01 $137,500 (25.1%) $160,356 (12.4%) 0.00 121
    2023-01-01 $126,000 (9.6%) $155,627 (2.4%) 0.00 111
    2023-02-01 $133,500 (22.0%) $149,453 (2.4%) 0.00 116
    2023-03-01 $127,450 (4.0%) $147,295 (-5.4%) 0.00 133
    2023-04-01 $136,000 (-2.9%) $157,997 (-4.3%) 0.00 138
    2023-05-01 $119,900 (-20.7%) $156,331 (-3.5%) 0.00 135
    2023-06-01 $132,500 (-4.0%) $160,923 (-3.5%) 0.00 144
    2023-07-01 $130,000 (0.1%) $157,306 (-5.0%) 0.00 140
    2023-08-01 $131,225 (2.9%) $174,055 (9.0%) 0.00 154
    2023-09-01 $138,500 (2.2%) $175,794 (9.1%) 0.00 162
    2023-10-01 $137,200 (-8.5%) $176,263 (-0.1%) 0.00 165
    2023-11-01 $135,925 (-5.5%) $175,308 (5.7%) 0.00 159
    2023-12-01 $134,500 (-2.2%) $170,797 (6.5%) 0.00 167
    2024-01-01 $137,450 (9.1%) $176,894 (13.7%) 0.00 158
    2024-02-01 $136,750 (2.4%) $166,089 (11.1%) 0.00 168
    2024-03-01 $135,000 (5.9%) $165,201 (12.2%) 0.00 147
    2024-04-01 $139,375 (2.5%) $166,625 (5.5%) 0.00 138
    2024-05-01 $122,500 (2.2%) $160,194 (2.5%) 0.00 146
    2024-06-01 $120,000 (-9.4%) $157,353 (-2.2%) 0.00 159
    2024-07-01 $135,600 (4.3%) $163,770 (4.1%) 0.00 154
    2024-08-01 $144,650 (10.2%) $171,863 (-1.3%) 0.00 168
    2024-09-01 $141,975 (2.5%) $172,217 (-2.0%) 0.00 180
    2024-10-01 $141,875 (3.4%) $167,056 (-5.2%) 0.00 202
    2024-11-01 $135,000 (-0.7%) $156,992 (-10.5%) 0.00 232
    2024-12-01 $139,000 (3.4%) $154,019 (-9.8%) 0.00 234
    2025-01-01 $132,500 (-3.6%) $150,817 (-14.7%) 0.00 219
    Pine Bluff's median listing price for 2025-01-01 was $132,500, a difference of $-4,950 (-3.6%) versus the prior year and $-6,500 versus the prior month.

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

    Pine Bluff's average listing price for 2025-01-01 was $150,817, a difference of $-26,077 (-14.7%) versus the prior year and $-3,202 versus the prior month.

    For the 2025-01-01 period, Pine Bluff had 219 MLS listings, a difference of -15 listings (-6%) versus the prior month and 61 listings (39%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pine Bluff (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,824 sqft
    2018-02-01 0 days 1,804 sqft
    2018-03-01 0 days 1,800 sqft
    2018-04-01 0 days 1,776 sqft
    2018-05-01 0 days 1,788 sqft
    2018-06-01 0 days 1,793 sqft
    2018-07-01 0 days 1,816 sqft
    2018-08-01 0 days 1,831 sqft
    2018-09-01 0 days 1,824 sqft
    2018-10-01 0 days 1,796 sqft
    2018-11-01 0 days 1,768 sqft
    2018-12-01 0 days 1,730 sqft
    2019-01-01 0 days 1,687 sqft
    2019-02-01 0 days 1,681 sqft
    2019-03-01 0 days 1,704 sqft
    2019-04-01 0 days 1,732 sqft
    2019-05-01 0 days 1,722 sqft
    2019-06-01 0 days 1,703 sqft
    2019-07-01 0 days 1,686 sqft
    2019-08-01 0 days 1,660 sqft
    2019-09-01 0 days 1,647 sqft
    2019-10-01 0 days 1,633 sqft
    2019-11-01 0 days 1,582 sqft
    2019-12-01 0 days 1,585 sqft
    2020-01-01 0 days 1,605 sqft
    2020-02-01 0 days 1,578 sqft
    2020-03-01 0 days 1,548 sqft
    2020-04-01 0 days 1,547 sqft
    2020-05-01 0 days 1,542 sqft
    2020-06-01 0 days 1,518 sqft
    2020-07-01 0 days 1,559 sqft
    2020-08-01 0 days 1,572 sqft
    2020-09-01 0 days 1,642 sqft
    2020-10-01 0 days 1,621 sqft
    2020-11-01 0 days 1,695 sqft
    2020-12-01 0 days 1,645 sqft
    2021-01-01 0 days 1,731 sqft
    2021-02-01 0 days 1,629 sqft
    2021-03-01 0 days 1,699 sqft
    2021-04-01 0 days 1,680 sqft
    2021-05-01 0 days 1,603 sqft
    2021-06-01 0 days 1,526 sqft
    2021-07-01 0 days 1,598 sqft
    2021-08-01 0 days 1,734 sqft
    2021-09-01 0 days 1,742 sqft
    2021-10-01 0 days 1,658 sqft
    2021-11-01 0 days 1,639 sqft
    2021-12-01 0 days 1,632 sqft
    2022-01-01 0 days 1,722 sqft
    2022-02-01 0 days 1,620 sqft
    2022-03-01 0 days 1,730 sqft
    2022-04-01 0 days 1,840 sqft
    2022-05-01 0 days 1,877 sqft
    2022-06-01 0 days 1,886 sqft
    2022-07-01 0 days 1,816 sqft
    2022-08-01 0 days 1,809 sqft
    2022-09-01 0 days 1,736 sqft
    2022-10-01 0 days 1,764 sqft
    2022-11-01 0 days 1,694 sqft
    2022-12-01 0 days 1,707 sqft
    2023-01-01 0 days 1,746 sqft
    2023-02-01 0 days 1,616 sqft
    2023-03-01 0 days 1,593 sqft
    2023-04-01 0 days 1,695 sqft
    2023-05-01 0 days 1,579 sqft
    2023-06-01 0 days 1,639 sqft
    2023-07-01 0 days 1,600 sqft
    2023-08-01 0 days 1,667 sqft
    2023-09-01 0 days 1,711 sqft
    2023-10-01 0 days 1,710 sqft
    2023-11-01 0 days 1,699 sqft
    2023-12-01 0 days 1,688 sqft
    2024-01-01 0 days 1,699 sqft
    2024-02-01 0 days 1,690 sqft
    2024-03-01 0 days 1,648 sqft
    2024-04-01 0 days 1,797 sqft
    2024-05-01 0 days 1,665 sqft
    2024-06-01 0 days 1,598 sqft
    2024-07-01 0 days 1,649 sqft
    2024-08-01 0 days 1,653 sqft
    2024-09-01 0 days 1,671 sqft
    2024-10-01 0 days 1,667 sqft
    2024-11-01 0 days 1,612 sqft
    2024-12-01 0 days 1,632 sqft
    2025-01-01 0 days 1,633 sqft
    Pine Bluff's median listing age (time on market) for 2025-01-01 was 0 days.

    Pine Bluff's median square footage for active listings during the 2025-01-01 period was 1,633 sqft. One year prior, the average listing was 1,699 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).