Arkansas FHA Loan Rates, Closing Costs & Stats

Arkansas

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.

Arkansas FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Arkansas averaged -0.41% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

Arkansas's average FHA mortgage closing costs are $5,885.

The average rate for the prior week (2023-11-17) was 6.98% and one month ago for the week of 2023-10-20, the average rate was 7.19%.

The average rate one year ago was 6.01%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.21%.

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

Arkansas 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 Arkansas level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 977 4.58% $7,920
Arvest Bank 509 4.88% $6,643
FirstTrust Home Loans, Inc. 478 5.05% $7,717
EVERETT FINANCIAL, INC. 330 5.34% $4,720
DAS Acquisition Company, LLC 319 5.27% $7,545
FLAT BRANCH MORTGAGE, INC. 250 5.08% $8,233
Eagle Bank and Trust Company 246 4.99% $6,981
Bank of England 241 4.97% $7,648
Centennial Bank 227 5.01% $7,414
MORTGAGE FINANCIAL SERVICES, LLC 222 4.92% $8,313
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 182 5.36% $8,006
UNITED WHOLESALE MORTGAGE, LLC 163 4.97% $7,765
Priority Bank 142 4.66% $8,116
PENNYMAC LOAN SERVICES, LLC 127 4.37% $8,352
First Community Bank 125 4.99% $7,277
CORNERSTONE HOME LENDING, INC. 118 5.36% $8,876
AMERISAVE MORTGAGE CORPORATION 115 4.67% $9,850
BROKER SOLUTIONS, INC. 115 5.16% $8,734
LOANDEPOT.COM, LLC 111 4.82% $8,949
Simmons Bank 108 4.97% $6,560
First Financial Bank 107 4.93% $7,679
Gateway First Bank 106 5.23% $6,878
PILGRIM MORTGAGE LLC 105 5.26% $9,282
Regions Bank 103 5.12% $7,084
Mr. Cooper ( Nationstar Mortgage ) 102 4.53% $9,496
CALIBER HOME LOANS, INC. 100 4.75% $7,583
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 93 5.14% $7,981
FREEDOM MORTGAGE CORPORATION 90 5.10% $8,976
SWBC MORTGAGE CORPORATION 88 5.04% $4,744
PRIMARY RESIDENTIAL MORTGAGE, INC. 76 5.49% $7,007
Carrington Mortgage Services, LLC 75 5.19% $9,151
Firstar Bank 69 5.11% $6,651
First Security Bank 69 4.71% $5,789
BANK OF LITTLE ROCK MORTGAGE CORPORATION 69 4.75% $7,156
COMMUNITY MORTGAGE CORPORATION 62 5.25% $6,806
Citizens Bank 59 4.47% $7,129
BancorpSouth 59 5.10% $6,228
GUARANTEED RATE, INC. 56 5.24% $7,843
LAKEVIEW LOAN SERVICING, LLC 54 4.26% $6,151
SENTE MORTGAGE, INC. 52 4.87% $8,024
CARDINAL FINANCIAL 46 4.61% $8,979
First Horizon Bank 42 5.21% $7,157
OPEN MORTGAGE, LLC 42 5.16% $11,966
U.S. Bank 41 4.82% $5,946
Mortgage Research Center, LLC 40 5.41% $5,343
GERSHMAN INVESTMENT CORP. 39 5.14% $6,481
Flagstar Bank, FSB 39 4.47% $6,630
Plains Commerce Bank 38 4.87% $9,747
CROSSCOUNTRY MORTGAGE, LLC 35 5.69% $10,307
ACADEMY MORTGAGE CORPORATION 35 5.46% $8,252
GENEVA FINANCIAL, LLC 35 5.36% $9,775
NFM, INC. 33 5.65% $9,933
GUILD MORTGAGE COMPANY 31 4.85% $8,906
GMFS LLC 31 4.81% $6,138
ARK-LA-TEX FINANCIAL SERVICES, LLC. 30 5.00% $7,304
The Home Loan Expert LLC 29 4.50% $6,232
United Fidelity Funding Corp. 27 4.85% $8,202
Armstrong Bank 27 4.76% $6,146
Chambers Bank 26 4.51% $6,444
VILLAGE CAPITAL MORTGAGE 24 3.66% $3,203
AMCAP MORTGAGE, LTD. 24 5.19% $8,470
UNION HOME MORTGAGE CORP. 24 5.04% $6,793
MID AMERICA MORTGAGE, INC. 24 4.86% $5,988
AMERICAN FINANCING CORPORATION 22 4.57% $8,385
LOANPAL, LLC 22 4.46% $10,469
NEWREZ LLC 21 5.11% $7,464
VANDERBILT MORTGAGE AND FINANCE, INC. 21 4.42% $9,322
FIRST COMMUNITY MORTGAGE, INC. 21 4.58% $6,467
AMERICAN FINANCIAL RESOURCES, INC. 21 5.19% $7,824
ENCORE BANK 20 4.61% $7,066
WILLOW BEND MORTGAGE COMPANY, LLC 20 5.70% $8,436
HOME POINT FINANCIAL CORPORATION 20 5.18% $7,223
Nations Lending Corporation 20 5.49% $9,714
Evolve Bank & Trust 19 5.14% $7,662
MUTUAL OF OMAHA MORTGAGE, INC. 18 4.83% $10,755
Renasant Bank 18 4.69% $9,088
PRIMELENDING, A PLAINSCAPITAL COMPANY 17 5.08% $7,839
ASSOCIATED MORTGAGE CORPORATION 16 5.40% $8,659
Paramount Residential Mortgage Group, Inc. 16 4.70% $8,396
CMG MORTGAGE, INC. 16 4.47% $7,565
FIRST WESTERN MORTGAGE, INC. 15 5.35% $5,149
RELIANCE FIRST CAPITAL, LLC 15 5.06% $10,638
MORTGAGE INVESTORS GROUP, INC. 15 5.15% $6,570
LEADERONE FINANCIAL CORPORATION 14 5.02% $7,732
BOKF 14 5.28% $7,396
M&T Bank 14 4.00% $7,309
PLANET HOME LENDING, LLC 14 4.60% $7,178
S1L, Inc. 14 4.97% $9,034
UNITED 14 4.43% $7,180
ZILLOW HOME LOANS, LLC 13 5.04% $9,905
THRIVE MORTGAGE, LLC 13 5.63% $7,884
Sierra Pacific Mortgage Company, Inc. 13 5.25% $9,044
Equity Prime Mortgage LLC 12 6.74% $10,339
United Bank 11 4.03% $7,096
Barrington Bank & Trust Company, N.A. 11 5.07% $6,664
First Guaranty Mortgage Corporation 11 3.82% $7,554
First Option Mortgage, LLC 10 5.00% $7,702
AMERICAN MORTGAGE SERVICE COMPANY 10 5.45% $5,412
MOVEMENT MORTGAGE, LLC 10 5.30% $9,907
MORTGAGE SOLUTIONS OF COLORADO, LLC 10 5.20% $9,596
Farmers Bank & Trust Company 10 4.93% $6,441
The Federal Savings Bank 10 4.90% $11,251
Lakeview Community Capital, LLC 9 4.63% $7,100
FIRST COLONY MORTGAGE CORPORATION 9 5.17% $9,516
TOP FLITE FINANCIAL, INC. 9 5.10% $9,079
Bank of America 9 3.97% $4,690
United Community Bank 8 3.50% $4,419
MASON MCDUFFIE MORTGAGE CORPORATION 8 4.70% $7,879
HOMEBRIDGE FINANCIAL SERVICES, INC. 8 4.67% $8,742
The Central Trust Bank 8 5.80% $7,848
STOCKTON MORTGAGE CORPORATION 8 5.45% $8,488
PLAZA HOME MORTGAGE, INC. 8 4.66% $9,780
TELCOE FEDERAL CREDIT UNION 7 5.46% $7,325
SOUTHWEST FUNDING, LP 7 5.16% $10,350
JPMorgan Chase Bank 7 5.14% $7,978
TJC Mortgage, Inc. 7 4.55% $8,175
ENDEAVOR CAPITAL, LLC. 7 5.71% $9,385
POLARIS HOME FUNDING CORP. 6 6.21% $13,237
HOMESTAR FINANCIAL CORPORATION 6 3.96% $5,004
Wells Fargo Bank 6 4.54% $3,808
Magnolia Bank 6 4.52% $7,192
SUN WEST MORTGAGE COMPANY, INC. 6 5.50% $10,039
GSF Mortgage Corporation 6 5.85% $8,293
EMBRACE HOME LOANS, INC. 6 6.00% $8,861
Peoples Bank 5 4.97% $10,870
PHH Mortgage Corporation 4 5.25% $9,760
SOUTHWEST STAGE FUNDING, LLC 4 5.47% $6,384
First Savings Bank 4 5.69% $9,103
UNITED MORTGAGE CORP 4 3.44% $6,759
AMERICAN PACIFIC MORTGAGE CORPORATION 4 4.47% $10,350
Hamilton Mortgage Corporation 4 4.03% $5,486
Colonial Savings, F.A. 4 5.66% $10,892
NEW DAY FINANCIAL, LLC 4 5.22% $7,843
RUOFF MORTGAGE COMPANY, INC. 4 4.25% $8,294
State Bank of De Kalb 4 4.53% $8,494
LIBERTY HOME MORTGAGE CORPORATION 4 6.06% $12,057
Midwest Mortgage Associates Corporation 3 6.00% $4,332
Ixonia Bank 3 5.21% $9,311
KELLER MORTGAGE, LLC 3 4.21% $5,240
MORIA DEVELOPMENT, INC. 3 5.46% $9,553
NATIONS RELIABLE LENDING, LLC 3 6.00% $8,838
Northpointe Bank 3 4.75% $11,118
AMERICAN ADVISORS GROUP 3 5.29% $6,287
PREMIA MORTGAGE, LLC 3 5.13% $6,605
Chickasaw Community Bank 3 5.38% $6,740
RESIDENTIAL BANCORP 3 4.37% $6,976
ROYAL UNITED MORTGAGE LLC 3 5.92% $8,211
The First National Bank of Fort Smith 3 6.58% $6,692
ARC HOME LLC 3 3.17% $7,551
BETTER MORTGAGE CORPORATION 2 4.44% $5,459
Network Funding, L.P. 2 5.44% $11,193
MEMBER FIRST MORTGAGE, LLC 2 5.81% $6,283
NETWORK CAPITAL FUNDING CORPORATION 2 5.25% $5,510
Armed Forces Bank 2 6.38% $6,341
FINANCE OF AMERICA MORTGAGE LLC 2 5.44% $7,742
LOANPEOPLE, LLC 2 5.13% $11,161
Springfield First Community Bank 2 6.94% $4,148
Goldwater Bank, N.A. 2 3.94% $9,078
Hometown Lenders, Inc. 2 5.38% $10,334
Servion, Inc. 2 4.31% $7,852
First United Bank and Trust Company 2 5.19% $5,442
ASPIRE FINANCIAL, INC. 2 5.38% $10,665
Stride Bank 2 5.44% $7,234
NBKC BANK 2 4.81% $7,249
Sunflower Bank 2 5.00% $8,416
ON Q FINANCIAL, INC. 2 5.62% $9,635
Cornerstone First Mortgage, Inc 2 4.50% $12,024
CALCON MUTUAL MORTGAGE LLC 2 6.13% $8,139
CRESCENT MORTGAGE COMPANY 2 6.13% $5,754
East Coast Capital Corp. 1 6.25% $11,660
SOVEREIGN LENDING GROUP INCORPORATED 1 4.50% $9,678
SpiritBank 1 5.25% $6,135
EMM LOANS LLC 1 3.13% $15,024
Mortgage Assurance Inc. 1 5.00% $6,931
Strong Home Mortgage, LLC 1 4.25% $6,946
MICHIGAN MUTUAL, INC. 1 2.50% $5,564
Austin Capital Bank SSB 1 5.25% $6,074
T2 FINANCIAL LLC 1 6.25% $18,925
Texana Bank 1 4.25% $9,271
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.88% $6,161
First State Bank of St. Charles, Missouri 1 5.25% $4,748
The First National Bank of Middle Tennessee 1 4.63% $5,093
THE MORTGAGE LINK, INC. 1 7.13% $9,036
LENDING 3, INC. 1 7.13% $2,035
Leaders Credit Union 1 5.63% $7,008
LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $9,279
Total Media Management, LLC 1 3.25% $5,003
TOWNE MORTGAGE COMPANY 1 3.50% $7,964
TruHome Solutions, LLC 1 4.88% $8,328
Trustmark National Bank 1 3.88% $7,569
INTERLINC MORTGAGE SERVICES, LLC 1 5.75% $8,644
Independent Bank 1 5.62% $4,615
AmeriHome Mortgage Company, LLC 1 5.63% $8,192
Cross Keys Bank 1 3.75% $6,334
North American Savings Bank, F.S.B. 1 6.00% $8,668
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.25% $5,490
NTFN, INC. 1 4.50% $3,479
OCEANSIDE MORTGAGE COMPANY 1 5.38% $3,931
COMMUNITYAMERICA 1 3.13% $5,399
HOMESIDE FINANCIAL, LLC 1 6.13% $12,146
City Bank 1 6.13% $8,686
CIS Financial Services, Inc. 1 5.50% $5,541
VERITAS FUNDING, LLC 1 5.25% $15,551
Guaranty Bank & Trust, N.A. 1 4.00% $10,390
CHURCHILL MORTGAGE CORPORATION 1 4.00% $9,607
GUARANTEED RATE AFFINITY, LLC 1 5.58% $7,967
CERTAINTY HOME LOANS, LLC 1 4.75% $5,678
CB&S Bank, Inc. 1 3.63% $6,621
CASTLE & COOKE MORTGAGE, LLC 1 3.75% $6,570
Flanagan State Bank 1 5.00% $6,855
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 4.25% $7,872
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.63% $24,492
Wyndham Capital Mortgage, Inc. 1 4.63% $4,856
SeaTrust Mortgage Company 1 6.13% $9,627
SECURITYNATIONAL MORTGAGE COMPANY 1 5.75% $7,553
DHI MORTGAGE COMPANY, LTD. 1 3.99% $7,174
DIRECT MORTGAGE, CORP. 1 5.63% $8,438
Willamette Valley Bank 1 3.88% $8,572
DRAPER AND KRAMER MORTGAGE CORP. 1 3.63% $8,241

The top Arkansas FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 977 FHA loans originated. Their average total fees are $7,920, which is $1,277 higher than the next largest lender, Arvest Bank.

The lowest fee Arkansas FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($3,203), EVERETT FINANCIAL, INC. ($4,720), SWBC MORTGAGE CORPORATION ($4,744), FIRST WESTERN MORTGAGE, INC. ($5,149) and Mortgage Research Center, LLC ($5,343).

The lowest rate Arkansas FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.66%), First Guaranty Mortgage Corporation (3.82%), M&T Bank (4.00%), United Bank (4.03%) and LAKEVIEW LOAN SERVICING, LLC (4.26%).

Arkansas FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
NON-METRO ARKANSAS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ASHLEY 2022 $420,680 $538,650 $651,050 $809,150
MOUNTAIN HOME, AR BAXTER 2022 $420,680 $538,650 $651,050 $809,150
FAYETTEVILLE-SPRINGDALE-ROGERS, AR BENTON 2022 $420,680 $538,650 $651,050 $809,150
HARRISON, AR BOONE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BRADLEY 2022 $420,680 $538,650 $651,050 $809,150
CAMDEN, AR CALHOUN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CARROLL 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CHICOT 2022 $420,680 $538,650 $651,050 $809,150
ARKADELPHIA, AR CLARK 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CLAY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CLEBURNE 2022 $420,680 $538,650 $651,050 $809,150
PINE BLUFF, AR CLEVELAND 2022 $420,680 $538,650 $651,050 $809,150
MAGNOLIA, AR COLUMBIA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CONWAY 2022 $420,680 $538,650 $651,050 $809,150
JONESBORO, AR CRAIGHEAD 2022 $420,680 $538,650 $651,050 $809,150
FORT SMITH, AR-OK CRAWFORD 2022 $420,680 $538,650 $651,050 $809,150
MEMPHIS, TN-MS-AR CRITTENDEN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CROSS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO DALLAS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO DESHA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO DREW 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR FAULKNER 2022 $420,680 $538,650 $651,050 $809,150
FORT SMITH, AR-OK FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO FULTON 2022 $420,680 $538,650 $651,050 $809,150
HOT SPRINGS, AR GARLAND 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR GRANT 2022 $420,680 $538,650 $651,050 $809,150
PARAGOULD, AR GREENE 2022 $420,680 $538,650 $651,050 $809,150
HOPE, AR HEMPSTEAD 2022 $420,680 $538,650 $651,050 $809,150
MALVERN, AR HOT SPRING 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HOWARD 2022 $420,680 $538,650 $651,050 $809,150
BATESVILLE, AR INDEPENDENCE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO IZARD 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO JACKSON 2022 $420,680 $538,650 $651,050 $809,150
PINE BLUFF, AR JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO JOHNSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LAFAYETTE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LAWRENCE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LEE 2022 $420,680 $538,650 $651,050 $809,150
PINE BLUFF, AR LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
TEXARKANA, TX-AR LITTLE RIVER 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LOGAN 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR LONOKE 2022 $420,680 $538,650 $651,050 $809,150
FAYETTEVILLE-SPRINGDALE-ROGERS, AR MADISON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MARION 2022 $420,680 $538,650 $651,050 $809,150
TEXARKANA, TX-AR MILLER 2022 $420,680 $538,650 $651,050 $809,150
BLYTHEVILLE, AR MISSISSIPPI 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MONROE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
HOPE, AR NEVADA 2022 $420,680 $538,650 $651,050 $809,150
HARRISON, AR NEWTON 2022 $420,680 $538,650 $651,050 $809,150
CAMDEN, AR OUACHITA 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR PERRY 2022 $420,680 $538,650 $651,050 $809,150
HELENA-WEST HELENA, AR PHILLIPS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PIKE 2022 $420,680 $538,650 $651,050 $809,150
JONESBORO, AR POINSETT 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO POLK 2022 $420,680 $538,650 $651,050 $809,150
RUSSELLVILLE, AR POPE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PRAIRIE 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR PULASKI 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO RANDOLPH 2022 $420,680 $538,650 $651,050 $809,150
FORREST CITY, AR ST. FRANCIS 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR SALINE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SCOTT 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SEARCY 2022 $420,680 $538,650 $651,050 $809,150
FORT SMITH, AR-OK SEBASTIAN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SEVIER 2022 $420,680 $538,650 $651,050 $809,150
BATESVILLE, AR SHARP 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO STONE 2022 $420,680 $538,650 $651,050 $809,150
EL DORADO, AR UNION 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO VAN BUREN 2022 $420,680 $538,650 $651,050 $809,150
FAYETTEVILLE-SPRINGDALE-ROGERS, AR WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
SEARCY, AR WHITE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WOODRUFF 2022 $420,680 $538,650 $651,050 $809,150
RUSSELLVILLE, AR YELL 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ARKANSAS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ASHLEY 2023 $472,030 $604,400 $730,525 $907,900
MOUNTAIN HOME, AR BAXTER 2023 $472,030 $604,400 $730,525 $907,900
FAYETTEVILLE-SPRINGDALE-ROGERS, AR BENTON 2023 $472,030 $604,400 $730,525 $907,900
HARRISON, AR BOONE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BRADLEY 2023 $472,030 $604,400 $730,525 $907,900
CAMDEN, AR CALHOUN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CARROLL 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CHICOT 2023 $472,030 $604,400 $730,525 $907,900
ARKADELPHIA, AR CLARK 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CLAY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CLEBURNE 2023 $472,030 $604,400 $730,525 $907,900
PINE BLUFF, AR CLEVELAND 2023 $472,030 $604,400 $730,525 $907,900
MAGNOLIA, AR COLUMBIA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CONWAY 2023 $472,030 $604,400 $730,525 $907,900
JONESBORO, AR CRAIGHEAD 2023 $472,030 $604,400 $730,525 $907,900
FORT SMITH, AR-OK CRAWFORD 2023 $472,030 $604,400 $730,525 $907,900
MEMPHIS, TN-MS-AR CRITTENDEN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CROSS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO DALLAS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO DESHA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO DREW 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR FAULKNER 2023 $472,030 $604,400 $730,525 $907,900
FORT SMITH, AR-OK FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO FULTON 2023 $472,030 $604,400 $730,525 $907,900
HOT SPRINGS, AR GARLAND 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR GRANT 2023 $472,030 $604,400 $730,525 $907,900
PARAGOULD, AR GREENE 2023 $472,030 $604,400 $730,525 $907,900
HOPE, AR HEMPSTEAD 2023 $472,030 $604,400 $730,525 $907,900
MALVERN, AR HOT SPRING 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HOWARD 2023 $472,030 $604,400 $730,525 $907,900
BATESVILLE, AR INDEPENDENCE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO IZARD 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO JACKSON 2023 $472,030 $604,400 $730,525 $907,900
PINE BLUFF, AR JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO JOHNSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LAWRENCE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LEE 2023 $472,030 $604,400 $730,525 $907,900
PINE BLUFF, AR LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
TEXARKANA, TX-AR LITTLE RIVER 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LOGAN 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR LONOKE 2023 $472,030 $604,400 $730,525 $907,900
FAYETTEVILLE-SPRINGDALE-ROGERS, AR MADISON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MARION 2023 $472,030 $604,400 $730,525 $907,900
TEXARKANA, TX-AR MILLER 2023 $472,030 $604,400 $730,525 $907,900
BLYTHEVILLE, AR MISSISSIPPI 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MONROE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
HOPE, AR NEVADA 2023 $472,030 $604,400 $730,525 $907,900
HARRISON, AR NEWTON 2023 $472,030 $604,400 $730,525 $907,900
CAMDEN, AR OUACHITA 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR PERRY 2023 $472,030 $604,400 $730,525 $907,900
HELENA-WEST HELENA, AR PHILLIPS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PIKE 2023 $472,030 $604,400 $730,525 $907,900
JONESBORO, AR POINSETT 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO POLK 2023 $472,030 $604,400 $730,525 $907,900
RUSSELLVILLE, AR POPE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PRAIRIE 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR PULASKI 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO RANDOLPH 2023 $472,030 $604,400 $730,525 $907,900
FORREST CITY, AR ST. FRANCIS 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR SALINE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SCOTT 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SEARCY 2023 $472,030 $604,400 $730,525 $907,900
FORT SMITH, AR-OK SEBASTIAN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SEVIER 2023 $472,030 $604,400 $730,525 $907,900
BATESVILLE, AR SHARP 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO STONE 2023 $472,030 $604,400 $730,525 $907,900
EL DORADO, AR UNION 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO VAN BUREN 2023 $472,030 $604,400 $730,525 $907,900
FAYETTEVILLE-SPRINGDALE-ROGERS, AR WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
SEARCY, AR WHITE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WOODRUFF 2023 $472,030 $604,400 $730,525 $907,900
RUSSELLVILLE, AR YELL 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).