Russellville FHA Loan Rates, Closing Costs & Stats

Russellville, 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.

    Russellville's 59 lenders originated 228 FHA loans during 2024. The total origination value was $41,240,000, with an average FHA loan value of $180,877.

    Russellville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Russellville averaged 6.48% for the week of 2025-07-11, compared to the national average (all FHA variants) of 6.523% for the same period.

    Russellville's average FHA mortgage closing costs are $5,876.

    The average rate for the prior week (2025-07-04) was 6.41% and one month ago for the week of 2025-06-06, the average rate was 6.64%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.31%.

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

    Russellville 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 Russellville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Arvest Bank 32 6.36% $6,848
    QUICKEN LOANS, LLC 24 6.62% $9,043
    American Mortgage & Equity Consultants, Inc. 11 7.06% $8,226
    First Security Bank 9 6.11% $4,944
    Centennial Bank 9 6.31% $6,964
    PLANET HOME LENDING, LLC 7 6.12% $6,074
    CORNERSTONE HOME LENDING, INC. 7 6.57% $8,229
    SECURITYNATIONAL MORTGAGE COMPANY 7 6.75% $6,885
    Eagle Bank and Trust Company 6 6.15% $6,965
    GMFS LLC 6 6.52% $6,527
    INTERLINC MORTGAGE SERVICES, LLC 6 6.67% $5,831
    CALCON MUTUAL MORTGAGE LLC 5 6.95% $7,762
    AMERISAVE MORTGAGE CORPORATION 4 6.38% $12,290
    PENNYMAC LOAN SERVICES, LLC 4 5.88% $6,948
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.72% $5,034
    Bank of England 3 6.46% $8,437
    BROKER SOLUTIONS, INC. 3 7.00% $6,272
    Paramount Residential Mortgage Group, Inc. 3 6.21% $7,700
    Regions Bank 3 5.92% $6,915
    FLAT BRANCH MORTGAGE, INC. 3 6.50% $6,021
    LOANDEPOT.COM, LLC 3 6.41% $7,298
    UNION HOME MORTGAGE CORP. 3 6.75% $9,725
    UNITED WHOLESALE MORTGAGE, LLC 3 6.25% $10,147
    Simmons Bank 2 6.44% $4,712
    FREEDOM MORTGAGE CORPORATION 2 6.25% $13,676
    GUILD MORTGAGE COMPANY 2 6.06% $9,154
    Mortgage Research Center, LLC 2 7.25% $4,771
    AMERICAN FINANCING CORPORATION 2 6.00% $11,003
    GERSHMAN INVESTMENT CORP. 2 6.44% $5,216
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $7,139
    ZILLOW HOME LOANS, LLC 1 6.75% $9,100
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 6.50% $6,443
    Carrington Mortgage Services, LLC 1 6.13% $8,250
    Chambers Bank 1 6.49% $6,443
    Extraco Banks 1 6.50% $7,587
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $7,247
    First Community Bank 1 6.00% $9,255
    FIRST COMMUNITY MORTGAGE, INC. 1 6.25% $6,551
    First Financial Bank 1 6.13% $7,217
    FIRST WESTERN MORTGAGE, INC. 1 6.00% $10,069
    Gateway First Bank 1 6.75% $8,437
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $6,346
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $8,188
    LAKEVIEW LOAN SERVICING, LLC 1 6.63% $8,127
    LOANPAL, LLC 1 6.13% $7,976
    MID AMERICA MORTGAGE, INC. 1 6.88% $2,755
    MORTGAGE INVESTORS GROUP, INC. 1 6.13% $6,848
    MOVEMENT MORTGAGE, LLC 1 6.63% $8,684
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $4,679
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $9,415
    Nations Lending Corporation 1 6.75% $9,373
    NEWREZ LLC 1 6.75% $6,156
    RELIANCE FIRST CAPITAL, LLC 1 7.00% $12,604
    ROYAL UNITED MORTGAGE LLC 1 6.63% $6,439
    TELCOE FEDERAL CREDIT UNION 1 6.50% $5,636
    The Federal Savings Bank 1 7.00% $3,838
    The First National Bank of Fort Smith 1 5.63% $7,812
    UNITED 1 6.50% $5,235
    U.S. Bank 1 6.25% $4,836

    The top Russellville FHA lender as defined by loan originations is Arvest Bank, with 32 FHA loans originated. Their average total fees are $6,848, which is $2,195 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Russellville FHA lenders (with over 10 loans originated) are Arvest Bank ($6,848), American Mortgage & Equity Consultants, Inc. ($8,226), QUICKEN LOANS, LLC ($9,043), .

    The lowest rate Russellville FHA lenders (with over 10 loans originated) are Arvest Bank (6.36%), QUICKEN LOANS, LLC (6.62%), American Mortgage & Equity Consultants, Inc. (7.06%), .

    Russellville FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Russellville (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 $129,900 (3.9%) $172,403 (6.2%) 0.00 295
    2018-02-01 $135,375 (6.0%) $172,726 (3.8%) 0.00 296
    2018-03-01 $142,500 (9.7%) $180,068 (7.4%) 0.00 307
    2018-04-01 $149,475 (15.0%) $190,498 (14.2%) 0.00 301
    2018-05-01 $153,900 (12.8%) $191,551 (10.2%) 0.00 295
    2018-06-01 $154,900 (10.7%) $192,754 (7.7%) 0.00 322
    2018-07-01 $158,613 (13.4%) $192,209 (8.6%) 0.00 343
    2018-08-01 $157,400 (10.4%) $192,141 (7.2%) 0.00 345
    2018-09-01 $154,990 (6.9%) $192,249 (6.5%) 0.00 337
    2018-10-01 $149,950 (1.9%) $191,123 (5.4%) 0.00 328
    2018-11-01 $149,925 (3.5%) $194,293 (6.6%) 0.00 320
    2018-12-01 $150,000 (11.5%) $191,915 (8.1%) 0.00 312
    2019-01-01 $144,450 (11.2%) $185,349 (7.5%) 0.00 304
    2019-02-01 $143,900 (6.3%) $184,064 (6.6%) 0.00 339
    2019-03-01 $145,693 (2.2%) $185,350 (2.9%) 0.00 360
    2019-04-01 $147,668 (-1.2%) $186,457 (-2.1%) 0.00 348
    2019-05-01 $144,950 (-5.8%) $184,120 (-3.9%) 0.00 327
    2019-06-01 $144,900 (-6.5%) $181,226 (-6.0%) 0.00 323
    2019-07-01 $147,950 (-6.7%) $185,755 (-3.4%) 0.00 317
    2019-08-01 $162,518 (3.3%) $191,754 (-0.2%) 0.00 317
    2019-09-01 $166,445 (7.4%) $196,248 (2.1%) 0.00 304
    2019-10-01 $169,064 (12.8%) $200,123 (4.7%) 0.00 294
    2019-11-01 $163,675 (9.2%) $199,435 (2.7%) 0.00 287
    2019-12-01 $164,925 (10.0%) $203,173 (5.9%) 0.00 282
    2020-01-01 $155,375 (7.6%) $202,033 (9.0%) 0.00 252
    2020-02-01 $158,700 (10.3%) $204,666 (11.2%) 0.00 235
    2020-03-01 $174,300 (19.6%) $211,618 (14.2%) 0.00 248
    2020-04-01 $176,425 (19.5%) $213,512 (14.5%) 0.00 253
    2020-05-01 $177,200 (22.3%) $215,167 (16.9%) 0.00 220
    2020-06-01 $174,850 (20.7%) $214,714 (18.5%) 0.00 207
    2020-07-01 $171,200 (15.7%) $220,355 (18.6%) 0.00 196
    2020-08-01 $184,950 (13.8%) $228,908 (19.4%) 0.00 194
    2020-09-01 $187,000 (12.4%) $235,121 (19.8%) 0.00 163
    2020-10-01 $189,900 (12.3%) $240,015 (19.9%) 0.00 152
    2020-11-01 $187,400 (14.5%) $239,134 (19.9%) 0.00 166
    2020-12-01 $189,400 (14.8%) $238,382 (17.3%) 0.00 153
    2021-01-01 $185,000 (19.1%) $238,484 (18.0%) 0.00 148
    2021-02-01 $190,900 (20.3%) $247,662 (21.0%) 0.00 82
    2021-03-01 $196,283 (12.6%) $265,051 (25.3%) 0.00 111
    2021-04-01 $212,750 (20.6%) $266,405 (24.8%) 0.00 106
    2021-05-01 $189,950 (7.2%) $258,145 (20.0%) 0.00 92
    2021-06-01 $195,775 (12.0%) $271,823 (26.6%) 0.00 95
    2021-07-01 $184,900 (8.0%) $266,556 (21.0%) 0.00 92
    2021-08-01 $170,700 (-7.7%) $247,904 (8.3%) 0.00 102
    2021-09-01 $191,169 (2.2%) $240,388 (2.2%) 0.00 124
    2021-10-01 $198,500 (4.5%) $246,545 (2.7%) 0.00 128
    2021-11-01 $220,438 (17.6%) $257,551 (7.7%) 0.00 113
    2021-12-01 $220,000 (16.2%) $249,705 (4.8%) 0.00 116
    2022-01-01 $209,900 (13.5%) $233,723 (-2.0%) 0.00 122
    2022-02-01 $204,825 (7.3%) $243,090 (-1.9%) 0.00 99
    2022-03-01 $197,200 (0.5%) $251,410 (-5.2%) 0.00 93
    2022-04-01 $199,900 (-6.0%) $265,396 (-0.4%) 0.00 93
    2022-05-01 $207,813 (9.4%) $273,250 (5.9%) 0.00 104
    2022-06-01 $219,900 (12.3%) $293,322 (7.9%) 0.00 121
    2022-07-01 $217,900 (17.9%) $281,599 (5.6%) 0.00 168
    2022-08-01 $223,500 (30.9%) $288,597 (16.4%) 0.00 163
    2022-09-01 $220,000 (15.1%) $275,128 (14.5%) 0.00 170
    2022-10-01 $235,000 (18.4%) $276,836 (12.3%) 0.00 173
    2022-11-01 $222,500 (0.9%) $261,114 (1.4%) 0.00 179
    2022-12-01 $215,000 (-2.3%) $258,294 (3.4%) 0.00 197
    2023-01-01 $210,000 (0.1%) $259,282 (10.9%) 0.00 166
    2023-02-01 $212,450 (3.7%) $267,907 (10.2%) 0.00 144
    2023-03-01 $209,950 (6.5%) $263,147 (4.7%) 0.00 140
    2023-04-01 $220,000 (10.1%) $292,379 (10.2%) 0.00 144
    2023-05-01 $230,450 (10.9%) $305,937 (12.0%) 0.00 144
    2023-06-01 $230,500 (4.8%) $307,747 (4.9%) 0.00 143
    2023-07-01 $249,900 (14.7%) $316,708 (12.5%) 0.00 158
    2023-08-01 $244,175 (9.3%) $323,104 (12.0%) 0.00 169
    2023-09-01 $249,900 (13.6%) $333,444 (21.2%) 0.00 196
    2023-10-01 $247,000 (5.1%) $331,616 (19.8%) 0.00 206
    2023-11-01 $248,375 (11.6%) $331,332 (26.9%) 0.00 197
    2023-12-01 $249,700 (16.1%) $328,279 (27.1%) 0.00 193
    2024-01-01 $251,075 (19.6%) $325,504 (25.5%) 0.00 189
    2024-02-01 $249,925 (17.6%) $326,927 (22.0%) 0.00 190
    2024-03-01 $250,000 (19.1%) $320,056 (21.6%) 0.00 184
    2024-04-01 $258,675 (17.6%) $320,508 (9.6%) 0.00 194
    2024-05-01 $249,700 (8.4%) $311,163 (1.7%) 0.00 203
    2024-06-01 $245,000 (6.3%) $316,182 (2.7%) 0.00 212
    2024-07-01 $257,125 (2.9%) $315,495 (-0.4%) 0.00 229
    2024-08-01 $260,000 (6.5%) $342,447 (6.0%) 0.00 224
    2024-09-01 $270,850 (8.4%) $335,007 (0.5%) 0.00 239
    2024-10-01 $268,350 (8.6%) $322,134 (-2.9%) 0.00 262
    2024-11-01 $264,900 (6.7%) $315,278 (-4.9%) 0.00 273
    2024-12-01 $259,150 (3.8%) $297,271 (-9.5%) 0.00 270
    2025-01-01 $257,450 (2.5%) $290,455 (-10.8%) 0.00 255
    2025-02-01 $256,200 (2.5%) $293,216 (-10.3%) 0.00 261
    2025-03-01 $249,000 (-0.4%) $294,819 (-7.9%) 0.00 259
    2025-04-01 $244,995 (-5.3%) $294,792 (-8.0%) 0.00 266
    2025-05-01 $249,900 (0.1%) $302,793 (-2.7%) 0.00 270
    2025-06-01 $255,000 (4.1%) $316,814 (0.2%) 0.00 266
    Russellville's median listing price for 2025-06-01 was $255,000, a difference of $10,000 (4.1%) versus the prior year and $5,100 versus the prior month.

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

    Russellville's average listing price for 2025-06-01 was $316,814, a difference of $632 (0.2%) versus the prior year and $14,021 versus the prior month.

    For the 2025-06-01 period, Russellville had 266 MLS listings, a difference of -4 listings (-1%) versus the prior month and 54 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Russellville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,697 sqft
    2018-02-01 0 days 1,733 sqft
    2018-03-01 0 days 1,756 sqft
    2018-04-01 0 days 1,800 sqft
    2018-05-01 0 days 1,841 sqft
    2018-06-01 0 days 1,886 sqft
    2018-07-01 0 days 1,866 sqft
    2018-08-01 0 days 1,839 sqft
    2018-09-01 0 days 1,809 sqft
    2018-10-01 0 days 1,806 sqft
    2018-11-01 0 days 1,811 sqft
    2018-12-01 0 days 1,802 sqft
    2019-01-01 0 days 1,737 sqft
    2019-02-01 0 days 1,693 sqft
    2019-03-01 0 days 1,735 sqft
    2019-04-01 0 days 1,788 sqft
    2019-05-01 0 days 1,691 sqft
    2019-06-01 0 days 1,732 sqft
    2019-07-01 0 days 1,767 sqft
    2019-08-01 0 days 1,792 sqft
    2019-09-01 0 days 1,780 sqft
    2019-10-01 0 days 1,774 sqft
    2019-11-01 0 days 1,796 sqft
    2019-12-01 0 days 1,800 sqft
    2020-01-01 0 days 1,771 sqft
    2020-02-01 0 days 1,832 sqft
    2020-03-01 0 days 1,848 sqft
    2020-04-01 0 days 1,854 sqft
    2020-05-01 0 days 1,828 sqft
    2020-06-01 0 days 1,824 sqft
    2020-07-01 0 days 1,811 sqft
    2020-08-01 0 days 1,874 sqft
    2020-09-01 0 days 1,960 sqft
    2020-10-01 0 days 1,843 sqft
    2020-11-01 0 days 1,833 sqft
    2020-12-01 0 days 1,903 sqft
    2021-01-01 0 days 1,840 sqft
    2021-02-01 0 days 1,864 sqft
    2021-03-01 0 days 1,964 sqft
    2021-04-01 0 days 2,107 sqft
    2021-05-01 0 days 1,944 sqft
    2021-06-01 0 days 1,937 sqft
    2021-07-01 0 days 1,784 sqft
    2021-08-01 0 days 1,651 sqft
    2021-09-01 0 days 1,593 sqft
    2021-10-01 0 days 1,698 sqft
    2021-11-01 0 days 1,836 sqft
    2021-12-01 0 days 1,902 sqft
    2022-01-01 0 days 1,787 sqft
    2022-02-01 0 days 1,732 sqft
    2022-03-01 0 days 1,695 sqft
    2022-04-01 0 days 1,781 sqft
    2022-05-01 0 days 1,884 sqft
    2022-06-01 0 days 1,883 sqft
    2022-07-01 0 days 1,840 sqft
    2022-08-01 0 days 1,846 sqft
    2022-09-01 0 days 1,785 sqft
    2022-10-01 0 days 1,829 sqft
    2022-11-01 0 days 1,808 sqft
    2022-12-01 0 days 1,779 sqft
    2023-01-01 0 days 1,753 sqft
    2023-02-01 0 days 1,719 sqft
    2023-03-01 0 days 1,703 sqft
    2023-04-01 0 days 1,787 sqft
    2023-05-01 0 days 1,800 sqft
    2023-06-01 0 days 1,795 sqft
    2023-07-01 0 days 1,800 sqft
    2023-08-01 0 days 1,822 sqft
    2023-09-01 0 days 1,856 sqft
    2023-10-01 0 days 1,901 sqft
    2023-11-01 0 days 1,920 sqft
    2023-12-01 0 days 1,919 sqft
    2024-01-01 0 days 1,913 sqft
    2024-02-01 0 days 1,947 sqft
    2024-03-01 0 days 1,940 sqft
    2024-04-01 0 days 1,926 sqft
    2024-05-01 0 days 1,909 sqft
    2024-06-01 0 days 1,810 sqft
    2024-07-01 0 days 1,817 sqft
    2024-08-01 0 days 1,861 sqft
    2024-09-01 0 days 1,968 sqft
    2024-10-01 0 days 1,908 sqft
    2024-11-01 0 days 1,887 sqft
    2024-12-01 0 days 1,800 sqft
    2025-01-01 0 days 1,770 sqft
    2025-02-01 0 days 1,769 sqft
    2025-03-01 0 days 1,760 sqft
    2025-04-01 0 days 1,747 sqft
    2025-05-01 0 days 1,787 sqft
    2025-06-01 0 days 1,803 sqft
    Russellville's median listing age (time on market) for 2025-06-01 was 0 days.

    Russellville's median square footage for active listings during the 2025-06-01 period was 1,803 sqft. One year prior, the average listing was 1,810 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).