Arkansas FHA Loan Rates, Closing Costs & Stats

Arkansas

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • 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 6.41% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    Arkansas's average FHA mortgage closing costs are $6,298.

    The average rate for the prior week (2024-11-01) was 6.19% and one month ago for the week of 2024-10-04, the average rate was 5.91%.

    The average rate one year ago was 7.25%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.23%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 854 6.36% $9,016
    FirstTrust Home Loans, Inc. 453 6.78% $8,463
    Arvest Bank 411 6.52% $7,325
    EVERETT FINANCIAL, INC. 363 6.81% $8,463
    FLAT BRANCH MORTGAGE, INC. 294 6.70% $9,229
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 218 6.75% $8,966
    UNITED WHOLESALE MORTGAGE, LLC 184 6.50% $9,720
    Eagle Bank and Trust Company 176 6.55% $7,838
    Centennial Bank 172 6.50% $8,527
    Bank of England 168 6.64% $7,572
    Priority Bank 162 6.32% $8,373
    Simmons Bank 149 6.46% $7,361
    DAS Acquisition Company, LLC 148 6.80% $7,513
    BROKER SOLUTIONS, INC. 138 6.79% $9,572
    First Community Bank 136 6.40% $8,359
    MORTGAGE FINANCIAL SERVICES, LLC 119 6.62% $8,104
    First Financial Bank 117 6.31% $8,777
    Firstar Bank 112 6.24% $7,088
    Regions Bank 105 6.28% $8,153
    LOANDEPOT.COM, LLC 91 6.33% $9,751
    PENNYMAC LOAN SERVICES, LLC 91 6.23% $10,210
    PILGRIM MORTGAGE LLC 90 6.78% $9,398
    CORNERSTONE HOME LENDING, INC. 90 6.68% $9,885
    FREEDOM MORTGAGE CORPORATION 89 6.95% $11,780
    SWBC MORTGAGE CORPORATION 82 6.90% $5,656
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 79 6.42% $7,814
    Mr. Cooper ( Nationstar Mortgage ) 79 6.17% $13,271
    CROSSCOUNTRY MORTGAGE, LLC 78 6.72% $10,280
    DHI MORTGAGE COMPANY, LTD. 76 6.06% $7,972
    AMERISAVE MORTGAGE CORPORATION 66 6.07% $12,557
    SENTE MORTGAGE, INC. 64 6.99% $8,560
    BancorpSouth 64 6.52% $6,265
    GERSHMAN INVESTMENT CORP. 61 6.24% $8,333
    COMMUNITY MORTGAGE CORPORATION 60 6.52% $8,141
    First Security Bank 60 6.13% $6,002
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 58 6.69% $10,154
    PRIMARY RESIDENTIAL MORTGAGE, INC. 57 6.87% $7,363
    GENEVA FINANCIAL, LLC 57 6.88% $12,223
    Gateway First Bank 56 6.68% $9,477
    NEWREZ LLC 56 6.40% $8,044
    First Horizon Bank 55 6.62% $7,072
    EUSTIS AND AMERICAN MORTGAGE COMPANY 53 6.96% $8,739
    GUILD MORTGAGE COMPANY 49 6.68% $7,963
    GUARANTEED RATE, INC. 48 6.86% $9,731
    Carrington Mortgage Services, LLC 42 6.24% $9,980
    MORTGAGE INVESTORS GROUP, INC. 41 6.65% $6,950
    ENDEAVOR CAPITAL, LLC. 36 6.62% $9,000
    NFM, INC. 36 6.72% $9,762
    Mortgage Research Center, LLC 33 7.09% $5,088
    Sierra Pacific Mortgage Company, Inc. 33 6.72% $10,376
    ACADEMY MORTGAGE CORPORATION 33 6.97% $7,420
    Citizens Bank 32 6.37% $7,443
    LOANPAL, LLC 32 6.10% $9,397
    MID AMERICA MORTGAGE, INC. 31 6.76% $4,972
    GMFS LLC 30 6.55% $6,734
    ENCORE BANK 30 6.52% $8,496
    ZILLOW HOME LOANS, LLC 29 6.13% $11,478
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 28 6.82% $9,030
    RELIANCE FIRST CAPITAL, LLC 27 6.79% $9,460
    Midwest Mortgage Associates Corporation 27 6.58% $5,117
    FIRST COMMUNITY MORTGAGE, INC. 27 6.89% $8,184
    Nations Lending Corporation 27 7.04% $6,161
    OPEN MORTGAGE, LLC 26 6.50% $11,702
    Plains Commerce Bank 26 6.24% $9,365
    MUTUAL OF OMAHA MORTGAGE, INC. 25 6.64% $12,628
    Chambers Bank 25 6.26% $7,829
    AMERICAN FINANCIAL NETWORK, INC. 24 6.73% $10,483
    U.S. Bank 24 6.64% $6,709
    Flagstar Bank, FSB 23 6.68% $7,963
    The First National Bank of Fort Smith 23 6.58% $7,105
    CARDINAL FINANCIAL 23 6.52% $9,096
    FIRST WESTERN MORTGAGE, INC. 21 6.43% $5,958
    LAKEVIEW LOAN SERVICING, LLC 20 6.20% $10,963
    PLANET HOME LENDING, LLC 20 5.98% $7,361
    UNION HOME MORTGAGE CORP. 19 6.84% $7,464
    MORTGAGE SOLUTIONS OF COLORADO, LLC 19 7.19% $9,806
    THRIVE MORTGAGE, LLC 19 6.81% $6,575
    MOVEMENT MORTGAGE, LLC 18 7.06% $8,120
    STOCKTON MORTGAGE CORPORATION 18 6.67% $8,245
    UNITED 18 6.86% $8,981
    The Central Trust Bank 17 6.90% $8,117
    LEADERONE FINANCIAL CORPORATION 15 6.64% $9,840
    POLARIS HOME FUNDING CORP. 15 6.48% $13,020
    TOP FLITE FINANCIAL, INC. 15 7.03% $10,463
    Bank of America 14 5.98% $6,225
    BOKF 14 6.64% $9,882
    ASSOCIATED MORTGAGE CORPORATION 14 6.71% $11,266
    S1L, Inc. 14 6.11% $10,724
    Armstrong Bank 14 6.09% $7,189
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 6.85% $9,964
    AMERICAN FINANCIAL RESOURCES, INC. 12 6.67% $10,133
    United Fidelity Funding Corp. 12 6.27% $10,045
    Century Mortgage Company DBA Century Lending Company 12 6.52% $10,860
    SECURITYNATIONAL MORTGAGE COMPANY 12 6.45% $10,550
    ON Q FINANCIAL, INC. 11 7.20% $9,883
    Evolve Bank & Trust 11 6.43% $7,273
    AMCAP MORTGAGE, LTD. 11 6.70% $11,116
    Paramount Residential Mortgage Group, Inc. 11 6.59% $8,143
    Farmers Bank & Trust Company 11 6.73% $6,815
    Wells Fargo Bank 11 6.38% $8,065
    Equity Prime Mortgage LLC 11 6.73% $7,061
    The Federal Savings Bank 10 6.38% $12,978
    HOMESIDE FINANCIAL, LLC 10 6.77% $9,128
    SUN WEST MORTGAGE COMPANY, INC. 10 6.70% $7,755
    AMERICAN FINANCING CORPORATION 10 6.58% $11,888
    VERITAS FUNDING, LLC 10 6.87% $16,260
    RUOFF MORTGAGE COMPANY, INC. 9 6.46% $6,601
    Renasant Bank 9 6.39% $8,821
    VILLAGE CAPITAL MORTGAGE 9 6.36% $8,135
    WILLOW BEND MORTGAGE COMPANY, LLC 9 6.78% $9,095
    PENTAGON FEDERAL CREDIT UNION 8 5.39% $10,597
    Equity Bank 8 6.47% $7,009
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 6.29% $9,215
    Flanagan State Bank 6 6.33% $10,697
    AmeriHome Mortgage Company, LLC 6 6.46% $12,225
    GSF Mortgage Corporation 6 6.46% $10,232
    M&T Bank 6 6.69% $7,678
    Network Funding, L.P. 6 6.98% $10,320
    OCMBC, INC. 5 6.60% $9,475
    BARTLETT MORTGAGE, INC. 5 6.65% $8,020
    Assurance Financial Group, L.L.C. 5 6.82% $9,103
    INTERLINC MORTGAGE SERVICES, LLC 5 7.13% $9,001
    EMM LOANS LLC 5 5.63% $13,697
    PLAZA HOME MORTGAGE, INC. 5 6.45% $9,879
    CHURCHILL MORTGAGE CORPORATION 4 6.88% $9,898
    OCEANSIDE MORTGAGE COMPANY 4 6.19% $6,829
    PHH Mortgage Corporation 4 6.19% $11,265
    Magnolia Bank 4 6.69% $7,099
    ROYAL UNITED MORTGAGE LLC 4 6.56% $10,131
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.41% $7,703
    TJC Mortgage, Inc. 4 5.84% $7,832
    First Option Mortgage, LLC 4 6.31% $6,639
    NBKC BANK 4 6.56% $7,690
    NEW DAY FINANCIAL, LLC 4 7.75% $6,388
    Cornerstone First Mortgage, Inc 4 7.19% $11,270
    LIBERTY HOME MORTGAGE CORPORATION 4 6.81% $7,270
    TIB The Independent Bankersbank 3 6.25% $10,016
    FIRST COLONY MORTGAGE CORPORATION 3 5.75% $13,439
    TOWNE MORTGAGE COMPANY 3 6.79% $9,815
    RESIDENTIAL BANCORP 3 5.92% $16,796
    NATIONS RELIABLE LENDING, LLC 3 7.33% $12,514
    Waterstone Mortgage Corporation 3 6.38% $10,312
    TELCOE FEDERAL CREDIT UNION 3 7.25% $6,873
    SOUTHWEST STAGE FUNDING, LLC 3 6.75% $14,743
    Servion, Inc. 3 7.04% $4,091
    Barrington Bank & Trust Company, N.A. 3 6.75% $7,499
    First Savings Bank 2 5.69% $17,331
    CANOPY MORTGAGE, LLC 2 6.56% $13,562
    Pinnacle Bank 2 6.38% $7,881
    HOMESTAR FINANCIAL CORPORATION 2 6.94% $9,932
    CALCON MUTUAL MORTGAGE LLC 2 6.81% $11,436
    North American Savings Bank, F.S.B. 2 6.44% $889
    Sunflower Bank 2 6.06% $11,504
    PREMIA MORTGAGE, LLC 2 6.38% $7,554
    T2 FINANCIAL LLC 2 6.38% $11,144
    Ameris Bank 2 7.13% $6,264
    Lakeview Community Capital, LLC 2 6.75% $9,427
    Prosperity Home Mortgage, LLC 2 6.88% $7,410
    Wyndham Capital Mortgage, Inc. 2 6.69% $6,398
    Colonial Savings, F.A. 2 6.88% $12,823
    JPMorgan Chase Bank 2 6.00% $6,920
    MEMBER FIRST MORTGAGE, LLC 2 6.81% $6,237
    First Federal Bank 2 5.81% $11,289
    Mortgage Assurance Inc. 2 5.63% $13,287
    Alcova Mortgage LLC 1 7.25% $11,683
    First State Bank of St. Charles, Missouri 1 6.50% $7,101
    First Financial Bank 1 6.63% $10,574
    Great Southern Bank 1 6.75% $4,544
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $6,744
    Hawthorn Bank 1 5.75% $8,605
    FirstBank 1 6.13% $8,206
    HOMESPIRE MORTGAGE CORPORATION 1 6.50% $11,698
    Hometown Equity Mortgage, LLC 1 7.63% $8,767
    HOMEXPRESS MORTGAGE CORP. 1 6.50% $11,734
    Intrust Bank 1 6.00% $5,286
    MICHIGAN MUTUAL, INC. 1 6.63% $11,064
    MORTGAGE ACCESS CORP. 1 6.75% $10,620
    EMBRACE HOME LOANS, INC. 1 6.13% $9,116
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $8,692
    CRESCENT MORTGAGE COMPANY 1 6.25% $6,168
    Community First National Bank 1 6.50% $15,624
    Commerce Home Mortgage, Inc. 1 6.50% $15,279
    CMG MORTGAGE, INC. 1 6.63% $7,269
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $6,851
    NBH Bank 1 6.13% $5,925
    Neighborhood Loans, Inc. 1 6.63% $10,086
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $13,790
    CIS Financial Services, Inc. 1 5.63% $10,359
    NexBank 1 5.50% $9,625
    NEXERA HOLDING LLC 1 6.25% $8,080
    Chickasaw Community Bank 1 7.13% $8,740
    Orion Federal Credit Union 1 7.00% $6,976
    Patriot Bank 1 5.75% $6,907
    CALIBER HOME LOANS, INC. 1 6.25% $11,327
    BNC National Bank 1 6.13% $9,663
    AXIA FINANCIAL, LLC 1 6.75% $10,120
    SIRVA MORTGAGE, INC. 1 6.63% $7,374
    Springfield First Community Bank 1 6.75% $3,445
    State Bank of De Kalb 1 5.38% $13,535
    Stride Bank 1 6.13% $18,884
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.38% $5,853
    Armed Forces Bank 1 7.00% $5,037
    ARC HOME LLC 1 6.13% $10,225
    THE MORTGAGE FIRM, INC. 1 7.50% $6,935
    The Union Bank Company 1 5.75% $13,191
    Trustmark National Bank 1 6.13% $4,764
    US MORTGAGE CORPORATION 1 5.88% $8,543
    V.I.P. MORTGAGE, INC. 1 6.99% $8,278
    WESTSTAR MORTGAGE CORPORATION 1 6.75% $7,493
    Wolfe Financial, Inc 1 6.63% $13,168

    The top Arkansas FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 854 FHA loans originated. Their average total fees are $9,016, which is $554 higher than the next largest lender, FirstTrust Home Loans, Inc..

    The lowest fee Arkansas FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,972), Mortgage Research Center, LLC ($5,088), Midwest Mortgage Associates Corporation ($5,117), SWBC MORTGAGE CORPORATION ($5,656) and FIRST WESTERN MORTGAGE, INC. ($5,958).

    The lowest rate Arkansas FHA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC (5.98%), Bank of America (5.98%), DHI MORTGAGE COMPANY, LTD. (6.06%), AMERISAVE MORTGAGE CORPORATION (6.07%) and Armstrong Bank (6.09%).

    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).