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 -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).