Arkansas FHA Loan Rates, Closing Costs & Stats

Arkansas

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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.

    Arkansas FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Arkansas averaged 6.39% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Arkansas's average FHA mortgage closing costs are $6,652.

    The average rate for the prior week (2025-03-28) was 6.39% and one month ago for the week of 2025-02-28, the average rate was 6.37%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.19%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 802 6.46% $9,465
    Arvest Bank 519 6.44% $7,889
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 327 6.65% $8,885
    FLAT BRANCH MORTGAGE, INC. 288 6.45% $8,887
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 246 6.57% $9,136
    UNITED WHOLESALE MORTGAGE, LLC 228 6.16% $10,213
    Eagle Bank and Trust Company 212 6.31% $7,810
    First Community Bank 202 6.16% $8,920
    DHI MORTGAGE COMPANY, LTD. 192 5.41% $8,466
    Centennial Bank 164 6.38% $9,233
    FREEDOM MORTGAGE CORPORATION 153 6.48% $10,782
    PENNYMAC LOAN SERVICES, LLC 153 6.11% $8,332
    BROKER SOLUTIONS, INC. 145 6.74% $9,833
    EUSTIS AND AMERICAN MORTGAGE COMPANY 138 6.46% $9,925
    Bank of England 128 6.33% $8,513
    Simmons Bank 117 6.25% $7,402
    Firstar Bank 116 6.12% $6,984
    Priority Bank 109 5.91% $8,944
    LOANDEPOT.COM, LLC 101 6.41% $9,889
    MORTGAGE FINANCIAL SERVICES, LLC 97 6.82% $8,619
    GERSHMAN INVESTMENT CORP. 97 6.07% $9,042
    SENTE MORTGAGE, INC. 97 6.59% $9,095
    GUILD MORTGAGE COMPANY 96 6.63% $8,571
    DAS Acquisition Company, LLC 95 6.83% $8,451
    SWBC MORTGAGE CORPORATION 92 6.55% $5,461
    Regions Bank 86 6.23% $8,345
    BancorpSouth 75 6.36% $6,469
    CROSSCOUNTRY MORTGAGE, LLC 73 6.45% $10,212
    COMMUNITY MORTGAGE CORPORATION 72 6.17% $8,532
    FIRST COMMUNITY MORTGAGE, INC. 70 6.62% $8,409
    First Financial Bank 66 6.21% $7,771
    First Security Bank 64 6.00% $6,044
    The First National Bank of Fort Smith 60 5.99% $8,785
    Mr. Cooper ( Nationstar Mortgage ) 59 6.53% $11,292
    MOVEMENT MORTGAGE, LLC 57 6.69% $8,747
    NEWREZ LLC 57 6.23% $8,924
    GENEVA FINANCIAL, LLC 55 6.69% $12,740
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 53 6.44% $8,292
    ENCORE BANK 53 6.19% $7,905
    MORTGAGE INVESTORS GROUP, INC. 51 6.32% $7,340
    American Mortgage & Equity Consultants, Inc. 50 6.97% $10,336
    PRIMARY RESIDENTIAL MORTGAGE, INC. 50 7.03% $10,588
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 49 6.68% $8,001
    Carrington Mortgage Services, LLC 48 6.39% $11,164
    AMERISAVE MORTGAGE CORPORATION 47 6.30% $12,701
    PILGRIM MORTGAGE LLC 45 6.67% $7,966
    Gateway First Bank 45 6.44% $9,854
    First Horizon Bank 43 6.53% $7,510
    ASSOCIATED MORTGAGE CORPORATION 41 6.57% $10,365
    Equity Prime Mortgage LLC 40 7.01% $9,565
    GUARANTEED RATE, INC. 40 6.53% $10,114
    CORNERSTONE HOME LENDING, INC. 40 6.78% $9,767
    FIRST WESTERN MORTGAGE, INC. 40 6.11% $6,260
    Mortgage Research Center, LLC 39 6.80% $5,108
    T2 FINANCIAL LLC 38 6.39% $10,512
    EVERETT FINANCIAL, INC. 37 6.91% $9,465
    MY MOVE MORTGAGE, LLC 35 6.44% $10,932
    PLANET HOME LENDING, LLC 34 6.14% $6,910
    American Mortgage Bank, LLC 34 6.68% $11,535
    VILLAGE CAPITAL MORTGAGE 33 6.55% $5,152
    CMG MORTGAGE, INC. 32 6.38% $8,278
    STOCKTON MORTGAGE CORPORATION 30 6.47% $7,789
    Nations Lending Corporation 30 6.38% $7,403
    ENDEAVOR CAPITAL, LLC. 30 6.35% $9,458
    NFM, INC. 30 6.53% $10,509
    The Central Trust Bank 29 6.47% $9,703
    LAKEVIEW LOAN SERVICING, LLC 29 6.40% $8,455
    ZILLOW HOME LOANS, LLC 28 6.54% $8,919
    GMFS LLC 28 6.26% $6,270
    LOANPAL, LLC 28 5.68% $9,856
    Paramount Residential Mortgage Group, Inc. 27 6.71% $8,519
    AMERICAN FINANCIAL RESOURCES, INC. 27 6.54% $9,941
    MUTUAL OF OMAHA MORTGAGE, INC. 23 6.33% $12,904
    LEADERONE FINANCIAL CORPORATION 22 6.63% $9,776
    BOKF 22 6.38% $9,177
    Flagstar Bank, FSB 21 6.30% $6,591
    Chambers Bank 20 6.26% $7,368
    AMERICAN FINANCIAL NETWORK, INC. 20 6.86% $12,209
    HOMESIDE FINANCIAL, LLC 20 6.68% $11,171
    UNITED 20 6.54% $6,951
    Sierra Pacific Mortgage Company, Inc. 19 6.50% $9,162
    AmeriHome Mortgage Company, LLC 19 6.56% $6,180
    MID AMERICA MORTGAGE, INC. 18 6.90% $4,526
    POLARIS HOME FUNDING CORP. 17 6.48% $12,626
    CARDINAL FINANCIAL 17 6.05% $10,051
    Plains Commerce Bank 16 6.63% $8,947
    Century Mortgage Company DBA Century Lending Company 16 6.61% $8,741
    MORTGAGE SOLUTIONS OF COLORADO, LLC 15 6.72% $12,213
    UNION HOME MORTGAGE CORP. 14 6.84% $8,500
    Farmers Bank & Trust Company 14 6.60% $7,057
    ON Q FINANCIAL, INC. 12 7.04% $8,171
    Residential Acceptance Corporation 12 7.18% $6,491
    AMERICAN FINANCING CORPORATION 12 6.06% $12,347
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.68% $10,266
    U.S. Bank 11 6.19% $8,928
    TOWNE MORTGAGE COMPANY 11 6.39% $8,717
    INTERLINC MORTGAGE SERVICES, LLC 11 6.84% $6,383
    SUN WEST MORTGAGE COMPANY, INC. 11 6.28% $9,133
    Midwest Mortgage Associates Corporation 11 6.46% $7,104
    RELIANCE FIRST CAPITAL, LLC 11 6.40% $13,352
    Evolve Bank & Trust 10 6.36% $7,833
    TOP FLITE FINANCIAL, INC. 10 6.99% $10,191
    The Federal Savings Bank 9 6.68% $14,154
    Barrington Bank & Trust Company, N.A. 9 6.60% $8,615
    Wells Fargo Bank 9 5.90% $10,046
    HOMEBRIDGE FINANCIAL SERVICES, INC. 9 6.60% $6,028
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 6.23% $7,644
    Cornerstone First Mortgage, Inc 8 6.80% $10,055
    SECURITYNATIONAL MORTGAGE COMPANY 7 6.75% $6,885
    Renasant Bank 7 5.91% $7,364
    CALCON MUTUAL MORTGAGE LLC 7 6.84% $8,343
    PHH Mortgage Corporation 7 6.27% $8,897
    EMM LOANS LLC 7 5.93% $13,738
    First Federal Bank 6 6.02% $8,225
    TELCOE FEDERAL CREDIT UNION 6 6.44% $8,355
    BETTER MORTGAGE CORPORATION 6 6.54% $7,871
    Bank OZK 6 6.16% $8,753
    ROYAL UNITED MORTGAGE LLC 5 6.48% $8,109
    LIBERTY HOME MORTGAGE CORPORATION 5 6.70% $16,595
    NEW DAY FINANCIAL, LLC 5 7.57% $4,729
    SFMC, LP 5 6.40% $9,922
    SOUTHWEST FUNDING, LP 5 6.65% $10,857
    M&T Bank 5 6.73% $7,182
    Flanagan State Bank 4 6.19% $8,746
    Hamilton Mortgage Corporation 4 6.13% $11,763
    ENVOY MORTGAGE, LTD 4 6.13% $9,168
    JPMorgan Chase Bank 4 6.47% $9,107
    Prosperity Home Mortgage, LLC 4 5.66% $14,362
    OPEN MORTGAGE, LLC 4 7.25% $7,512
    AMERITRUST MORTGAGE CORPORATION 4 6.56% $10,779
    Bank of America 4 6.00% $5,199
    SOUTHWEST STAGE FUNDING, LLC 3 7.21% $8,288
    FirstTrust Home Loans, Inc. 3 6.17% $4,171
    Ixonia Bank 3 6.38% $13,449
    Lakeview Community Capital, LLC 3 6.74% $8,511
    LAND HOME FINANCIAL SERVICES, INC. 3 6.83% $17,453
    Magnolia Bank 3 6.42% $12,937
    Mortgage Assurance Inc. 3 6.21% $11,344
    NATIONS RELIABLE LENDING, LLC 3 6.13% $11,029
    OCEANSIDE MORTGAGE COMPANY 3 5.92% $4,378
    PENTAGON FEDERAL CREDIT UNION 3 6.42% $9,182
    RESIDENTIAL BANCORP 3 6.58% $13,760
    RUOFF MORTGAGE COMPANY, INC. 3 5.92% $10,876
    Armed Forces Bank 3 6.17% $9,789
    Stride Bank 3 6.08% $12,313
    Trustmark National Bank 3 6.42% $7,519
    VERITAS FUNDING, LLC 3 6.16% $13,679
    Network Funding, L.P. 2 6.06% $15,924
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.25% $8,633
    Assurance Financial Group, L.L.C. 2 7.31% $6,693
    NBKC BANK 2 6.00% $8,564
    MORTGAGE ACCESS CORP. 2 6.44% $7,844
    First United Bank and Trust Company 2 6.63% $9,804
    Ameris Bank 2 5.88% $9,536
    PREMIA MORTGAGE, LLC 2 6.69% $5,785
    CANOPY MORTGAGE, LLC 2 6.81% $13,396
    NEXERA HOLDING LLC 2 5.88% $8,444
    US MORTGAGE CORPORATION 2 6.63% $7,079
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.63% $7,661
    Servion, Inc. 2 6.38% $7,120
    Hometown Equity Mortgage, LLC 2 7.75% $10,195
    Pinnacle Bank 2 6.13% $8,986
    The Loan Store, Inc. 2 6.56% $8,295
    TIB The Independent Bankersbank 2 6.69% $7,806
    PLAZA HOME MORTGAGE, INC. 2 7.06% $6,546
    EVANSVILLE TEACHERS 1 6.63% $8,313
    Extraco Banks 1 6.50% $7,587
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.63% $8,766
    SUMMIT FUNDING, INC. 1 6.75% $7,926
    Sunflower Bank 1 6.13% $11,010
    MICHIGAN MUTUAL, INC. 1 6.63% $9,274
    Merchants Bank of Indiana 1 6.25% $4,198
    MEMBER FIRST MORTGAGE, LLC 1 5.13% $15,149
    Texana Bank 1 5.88% $14,282
    Old National Bank 1 6.50% $10,665
    Citizens Bank 1 6.88% $5,510
    Commerce Home Mortgage, Inc. 1 6.25% $6,261
    TOTAL MORTGAGE SERVICES, LLC 1 7.75% $6,502
    Gulf Coast Bank and Trust Company 1 6.50% $5,179
    TruHome Solutions, LLC 1 6.13% $9,574
    Truist 1 5.40% $10,111
    GUARANTEED RATE AFFINITY, LLC 1 5.63% $13,833
    Great Southern Bank 1 6.13% $6,744
    Wolfe Financial, Inc 1 6.50% $7,080
    Equity Bank 1 5.75% $6,704
    Orion Federal Credit Union 1 6.50% $6,024
    Bell Bank 1 6.75% $6,877
    Origin Bank 1 6.13% $5,184
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.75% $5,394
    Citibank 1 6.25% $7,934
    BARTLETT MORTGAGE, INC. 1 6.38% $11,197
    North American Savings Bank, F.S.B. 1 6.25% $8,561
    BMO Harris Bank 1 6.88% $7,119
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $9,794
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $13,481
    VAN DYK MORTGAGE CORPORATION 1 6.00% $8,397
    MYCUMORTGAGE, LLC 1 6.75% $7,199
    First Option Mortgage, LLC 1 7.13% $7,338
    S1L, Inc. 1 6.63% $15,510
    SeaTrust Mortgage Company 1 7.00% $9,853
    Chickasaw Community Bank 1 6.63% $6,474
    AXIA FINANCIAL, LLC 1 7.25% $12,720
    Mortgage Investment Services Corporation 1 6.00% $15,654
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $7,255
    SIRVA MORTGAGE, INC. 1 7.25% $9,193
    Fifth Third Bank 1 7.13% $6,160
    Stifel Bank and Trust 1 5.75% $8,987

    The top Arkansas FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 802 FHA loans originated. Their average total fees are $9,465, which is $1,576 higher than the next largest lender, Arvest Bank.

    The lowest fee Arkansas FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,526), Mortgage Research Center, LLC ($5,108), VILLAGE CAPITAL MORTGAGE ($5,152), SWBC MORTGAGE CORPORATION ($5,461) and First Security Bank ($6,044).

    The lowest rate Arkansas FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.41%), LOANPAL, LLC (5.68%), Priority Bank (5.91%), The First National Bank of Fort Smith (5.99%) and First Security Bank (6.00%).

    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).