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 6.24% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.51% and one month ago for the week of 2024-11-08, the average rate was 6.48%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.08%.

    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 $95,250 (4.7%) $112,958 (-6.7%) 0.00 201
    2018-02-01 $95,000 (-2.5%) $112,624 (-8.2%) 0.00 198
    2018-03-01 $84,959 (-15.0%) $103,314 (-17.7%) 0.00 192
    2018-04-01 $88,600 (-8.7%) $112,743 (-9.1%) 0.00 196
    2018-05-01 $95,000 (-0.1%) $116,755 (-3.3%) 0.00 204
    2018-06-01 $99,700 (4.8%) $117,496 (-4.4%) 0.00 209
    2018-07-01 $99,800 (0.7%) $118,049 (-4.2%) 0.00 205
    2018-08-01 $99,600 (7.7%) $116,754 (-0.1%) 0.00 218
    2018-09-01 $99,900 (5.2%) $120,419 (3.1%) 0.00 218
    2018-10-01 $97,950 (3.6%) $118,503 (4.4%) 0.00 218
    2018-11-01 $89,800 (-0.1%) $112,312 (2.0%) 0.00 231
    2018-12-01 $90,000 (-2.2%) $112,533 (1.5%) 0.00 217
    2019-01-01 $88,900 (-6.7%) $107,169 (-5.1%) 0.00 214
    2019-02-01 $88,500 (-6.8%) $107,807 (-4.3%) 0.00 207
    2019-03-01 $88,186 (3.8%) $110,421 (6.9%) 0.00 212
    2019-04-01 $92,500 (4.4%) $114,906 (1.9%) 0.00 217
    2019-05-01 $91,850 (-3.3%) $112,410 (-3.7%) 0.00 206
    2019-06-01 $85,000 (-14.7%) $115,059 (-2.1%) 0.00 203
    2019-07-01 $85,575 (-14.3%) $116,494 (-1.3%) 0.00 200
    2019-08-01 $82,336 (-17.3%) $115,149 (-1.4%) 0.00 211
    2019-09-01 $78,491 (-21.4%) $113,881 (-5.4%) 0.00 232
    2019-10-01 $75,927 (-22.5%) $112,518 (-5.1%) 0.00 248
    2019-11-01 $74,900 (-16.6%) $105,553 (-6.0%) 0.00 250
    2019-12-01 $70,000 (-22.2%) $101,588 (-9.7%) 0.00 239
    2020-01-01 $69,900 (-21.4%) $102,113 (-4.7%) 0.00 223
    2020-02-01 $74,900 (-15.4%) $106,028 (-1.7%) 0.00 214
    2020-03-01 $79,500 (-9.9%) $108,243 (-2.0%) 0.00 209
    2020-04-01 $75,875 (-18.0%) $105,783 (-7.9%) 0.00 204
    2020-05-01 $74,950 (-18.4%) $103,249 (-8.2%) 0.00 182
    2020-06-01 $71,163 (-16.3%) $101,807 (-11.5%) 0.00 159
    2020-07-01 $75,000 (-12.4%) $114,423 (-1.8%) 0.00 144
    2020-08-01 $74,700 (-9.3%) $116,163 (0.9%) 0.00 129
    2020-09-01 $85,475 (8.9%) $127,223 (11.7%) 0.00 127
    2020-10-01 $96,500 (27.1%) $123,176 (9.5%) 0.00 132
    2020-11-01 $102,400 (36.7%) $127,453 (20.8%) 0.00 130
    2020-12-01 $104,950 (49.9%) $129,450 (27.4%) 0.00 130
    2021-01-01 $98,000 (40.2%) $129,679 (27.0%) 0.00 100
    2021-02-01 $86,000 (14.8%) $116,167 (9.6%) 0.00 90
    2021-03-01 $100,450 (26.4%) $117,785 (8.8%) 0.00 89
    2021-04-01 $99,950 (31.7%) $117,711 (11.3%) 0.00 87
    2021-05-01 $90,500 (20.8%) $114,130 (10.5%) 0.00 83
    2021-06-01 $91,875 (29.1%) $117,733 (15.6%) 0.00 84
    2021-07-01 $102,450 (36.6%) $132,835 (16.1%) 0.00 100
    2021-08-01 $105,188 (40.8%) $136,325 (17.4%) 0.00 116
    2021-09-01 $109,975 (28.7%) $142,433 (12.0%) 0.00 127
    2021-10-01 $110,000 (14.0%) $142,411 (15.6%) 0.00 136
    2021-11-01 $110,000 (7.4%) $141,090 (10.7%) 0.00 135
    2021-12-01 $114,000 (8.6%) $142,493 (10.1%) 0.00 128
    2022-01-01 $115,000 (17.4%) $149,602 (15.4%) 0.00 109
    2022-02-01 $108,225 (25.8%) $140,369 (20.8%) 0.00 98
    2022-03-01 $118,875 (18.3%) $149,703 (27.1%) 0.00 93
    2022-04-01 $135,000 (35.1%) $161,578 (37.3%) 0.00 98
    2022-05-01 $144,975 (60.2%) $160,212 (40.4%) 0.00 99
    2022-06-01 $131,250 (42.9%) $160,574 (36.4%) 0.00 105
    2022-07-01 $129,900 (26.8%) $161,454 (21.5%) 0.00 114
    2022-08-01 $126,175 (20.0%) $156,579 (14.9%) 0.00 115
    2022-09-01 $139,000 (26.4%) $161,706 (13.5%) 0.00 130
    2022-10-01 $149,950 (36.3%) $173,318 (21.7%) 0.00 129
    2022-11-01 $145,000 (31.8%) $164,302 (16.5%) 0.00 139
    2022-12-01 $140,000 (22.8%) $162,458 (14.0%) 0.00 135
    2023-01-01 $136,475 (18.7%) $157,774 (5.5%) 0.00 121
    2023-02-01 $139,750 (29.1%) $152,701 (8.8%) 0.00 123
    2023-03-01 $130,750 (10.0%) $150,683 (0.7%) 0.00 143
    2023-04-01 $138,500 (2.6%) $159,679 (-1.2%) 0.00 148
    2023-05-01 $119,900 (-17.3%) $155,589 (-2.9%) 0.00 142
    2023-06-01 $131,750 (0.4%) $159,798 (-0.5%) 0.00 151
    2023-07-01 $130,000 (0.1%) $156,416 (-3.1%) 0.00 152
    2023-08-01 $131,000 (3.8%) $170,883 (9.1%) 0.00 165
    2023-09-01 $139,000 (0.0%) $174,888 (8.2%) 0.00 172
    2023-10-01 $138,000 (-8.0%) $174,780 (0.8%) 0.00 178
    2023-11-01 $136,925 (-5.6%) $172,825 (5.2%) 0.00 174
    2023-12-01 $132,250 (-5.5%) $167,634 (3.2%) 0.00 184
    2024-01-01 $136,600 (0.1%) $172,532 (9.4%) 0.00 172
    2024-02-01 $134,250 (-3.9%) $161,991 (6.1%) 0.00 183
    2024-03-01 $135,000 (3.3%) $163,534 (8.5%) 0.00 166
    2024-04-01 $142,450 (2.9%) $179,150 (12.2%) 0.00 159
    2024-05-01 $126,700 (5.7%) $172,476 (10.9%) 0.00 165
    2024-06-01 $128,000 (-2.9%) $173,085 (8.3%) 0.00 178
    2024-07-01 $140,850 (8.4%) $176,120 (12.6%) 0.00 170
    2024-08-01 $149,250 (13.9%) $184,503 (8.0%) 0.00 187
    2024-09-01 $148,750 (7.0%) $193,315 (10.5%) 0.00 203
    2024-10-01 $149,000 (8.0%) $188,508 (7.9%) 0.00 228
    2024-11-01 $144,500 (5.5%) $177,088 (2.5%) 0.00 256
    Pine Bluff's median listing price for 2024-11-01 was $144,500, a difference of $7,575 (5.5%) versus the prior year and $-4,500 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 2024-11-01 was $177,088, a difference of $4,263 (2.5%) versus the prior year and $-11,420 versus the prior month.

    For the 2024-11-01 period, Pine Bluff had 256 MLS listings, a difference of 28 listings (12%) versus the prior month and 82 listings (47%) 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 1,815 sqft
    2018-02-01 0 days 1,811 sqft
    2018-03-01 0 days 1,800 sqft
    2018-04-01 0 days 1,776 sqft
    2018-05-01 0 days 1,796 sqft
    2018-06-01 0 days 1,810 sqft
    2018-07-01 0 days 1,825 sqft
    2018-08-01 0 days 1,838 sqft
    2018-09-01 0 days 1,833 sqft
    2018-10-01 0 days 1,808 sqft
    2018-11-01 0 days 1,802 sqft
    2018-12-01 0 days 1,748 sqft
    2019-01-01 0 days 1,700 sqft
    2019-02-01 0 days 1,687 sqft
    2019-03-01 0 days 1,712 sqft
    2019-04-01 0 days 1,749 sqft
    2019-05-01 0 days 1,742 sqft
    2019-06-01 0 days 1,712 sqft
    2019-07-01 0 days 1,690 sqft
    2019-08-01 0 days 1,663 sqft
    2019-09-01 0 days 1,649 sqft
    2019-10-01 0 days 1,638 sqft
    2019-11-01 0 days 1,605 sqft
    2019-12-01 0 days 1,613 sqft
    2020-01-01 0 days 1,622 sqft
    2020-02-01 0 days 1,580 sqft
    2020-03-01 0 days 1,567 sqft
    2020-04-01 0 days 1,572 sqft
    2020-05-01 0 days 1,544 sqft
    2020-06-01 0 days 1,527 sqft
    2020-07-01 0 days 1,560 sqft
    2020-08-01 0 days 1,572 sqft
    2020-09-01 0 days 1,667 sqft
    2020-10-01 0 days 1,639 sqft
    2020-11-01 0 days 1,689 sqft
    2020-12-01 0 days 1,648 sqft
    2021-01-01 0 days 1,713 sqft
    2021-02-01 0 days 1,625 sqft
    2021-03-01 0 days 1,655 sqft
    2021-04-01 0 days 1,624 sqft
    2021-05-01 0 days 1,573 sqft
    2021-06-01 0 days 1,526 sqft
    2021-07-01 0 days 1,632 sqft
    2021-08-01 0 days 1,754 sqft
    2021-09-01 0 days 1,750 sqft
    2021-10-01 0 days 1,664 sqft
    2021-11-01 0 days 1,657 sqft
    2021-12-01 0 days 1,671 sqft
    2022-01-01 0 days 1,714 sqft
    2022-02-01 0 days 1,578 sqft
    2022-03-01 0 days 1,718 sqft
    2022-04-01 0 days 1,819 sqft
    2022-05-01 0 days 1,898 sqft
    2022-06-01 0 days 1,845 sqft
    2022-07-01 0 days 1,754 sqft
    2022-08-01 0 days 1,775 sqft
    2022-09-01 0 days 1,735 sqft
    2022-10-01 0 days 1,774 sqft
    2022-11-01 0 days 1,722 sqft
    2022-12-01 0 days 1,731 sqft
    2023-01-01 0 days 1,760 sqft
    2023-02-01 0 days 1,694 sqft
    2023-03-01 0 days 1,676 sqft
    2023-04-01 0 days 1,728 sqft
    2023-05-01 0 days 1,626 sqft
    2023-06-01 0 days 1,679 sqft
    2023-07-01 0 days 1,633 sqft
    2023-08-01 0 days 1,672 sqft
    2023-09-01 0 days 1,720 sqft
    2023-10-01 0 days 1,707 sqft
    2023-11-01 0 days 1,666 sqft
    2023-12-01 0 days 1,651 sqft
    2024-01-01 0 days 1,652 sqft
    2024-02-01 0 days 1,646 sqft
    2024-03-01 0 days 1,636 sqft
    2024-04-01 0 days 1,788 sqft
    2024-05-01 0 days 1,649 sqft
    2024-06-01 0 days 1,644 sqft
    2024-07-01 0 days 1,656 sqft
    2024-08-01 0 days 1,687 sqft
    2024-09-01 0 days 1,710 sqft
    2024-10-01 0 days 1,690 sqft
    2024-11-01 0 days 1,630 sqft
    Pine Bluff's median listing age (time on market) for 2024-11-01 was 0 days.

    Pine Bluff's median square footage for active listings during the 2024-11-01 period was 1,630 sqft. One year prior, the average listing was 1,666 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).