FIRST TIME HOME BUYER PROGRAMS ARKANSAS

FHA First Time Home Buyer Programs have been helping Arkansas residents since 1934 

 

FIRST TIME HOME BUYER PROGRAMS ARKANSAS

A knowledgeable & licensed Arkansas 'First Time Home Buyer Program' Specialist can offer you a better loan including:

  • Low down payments (if any)

  • 24 Hour Pre-Approval

  • Low closing costs

  • Easier credit qualifying

  • Access to many of the individual State Specific Federal Government Backed Programs that may be available to Arkansas First Time Buyers.


 


Arkansas First Time Home Buyer Loan

If you’re buying your first home, then this is the perfect place to start. And don't fear: We have the first time home buyer specialist that answer all the questions you want to ask, — and, those you haven't thought of yet.  home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in Arkansas with help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

Arkansas USDA Home Loan

If you live in a small town, rural area or farmlands situated in a location approved by USDA Rural Development, you may be able to purchase a home with up to 100% financing. The United States Department of Agriculture (USDA) were designed to encourage rural development, meaning city homes are excluded. United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it can feel confident in your home financing decisions with step-by-step guidance from an experienced USDA Mortgage Banker.

 

Buying a 'Fixer Upper' in Arkansas & Adding Additional Funds for Home Improvements

An FHA 203K Purchase and Rehab Loan can work in this situation. The 203K has many advantages. Put simply it is a mortgage insured by FHA that allows a home buyer to add rehab funds into a mortgage.

VA Veterans Home Loans in Arkansas

The VA Home Loan is a Federal Program designed for United States Armed Forces, Military Retiree, Veterans, National Guard and Reservists, as well as Spouses.

Arkansas Construction Home Loan

At last, a single loan that lets borrowers finance the construction of their home. You can even 'bundle the purchase of the land' land with your construction loan under what is called the 'One Time Close' loan. Guidelines for this program, can be found by clicking here: 'FHA Construction Loan Programs'  or here: 'VA Construction Loan Programs'

Buying a 2 Family or 3 Family Investment Property in Arkansas

You can buy from a duplex residence all the way up to a 4 unit home with a Government Backed FHA Loan , as long as the property is owner occupied. .

Arkansas  FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

Arkansas  FHA Lending Limits 2017

Arkansas  Median Home Sale Price Price $139,900

 

County Name Single Duplex 3 Unit 4 Unit
ARKANSAS $275,665 $352,950 $426,625 $530,150
ASHLEY $275,665 $352,950 $426,625 $530,150
BAXTER $275,665 $352,950 $426,625 $530,150
   MOUNTAIN HOME, AR
BENTON $275,665 $352,950 $426,625 $530,150
   FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO
BOONE $275,665 $352,950 $426,625 $530,150
   HARRISON, AR
BRADLEY $275,665 $352,950 $426,625 $530,150
CALHOUN $275,665 $352,950 $426,625 $530,150
   CAMDEN, AR
CARROLL $275,665 $352,950 $426,625 $530,150
CHICOT $275,665 $352,950 $426,625 $530,150
CLARK $275,665 $352,950 $426,625 $530,150
   ARKADELPHIA, AR
CLAY $275,665 $352,950 $426,625 $530,150
CLEBURNE $275,665 $352,950 $426,625 $530,150
   NON-METRO
CLEVELAND $275,665 $352,950 $426,625 $530,150
   PINE BLUFF, AR
COLUMBIA $275,665 $352,950 $426,625 $530,150
   MAGNOLIA, AR
CONWAY $275,665 $352,950 $426,625 $530,150
CRAIGHEAD $275,665 $352,950 $426,625 $530,150
   JONESBORO, AR
CRAWFORD $275,665 $352,950 $426,625 $530,150
   FORT SMITH, AR-OK
CRITTENDEN $275,665 $352,950 $426,625 $530,150
   MEMPHIS, TN-MS-AR
CROSS $275,665 $352,950 $426,625 $530,150
DALLAS $275,665 $352,950 $426,625 $530,150
   NON-METRO
DESHA $275,665 $352,950 $426,625 $530,150
DREW $275,665 $352,950 $426,625 $530,150
FAULKNER $275,665 $352,950 $426,625 $530,150
   LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, A
FRANKLIN $275,665 $352,950 $426,625 $530,150
FULTON $275,665 $352,950 $426,625 $530,150
GARLAND $275,665 $352,950 $426,625 $530,150
   HOT SPRINGS, AR
GRANT $275,665 $352,950 $426,625 $530,150
   LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, A
GREENE $275,665 $352,950 $426,625 $530,150
   PARAGOULD, AR
HEMPSTEAD $275,665 $352,950 $426,625 $530,150
HOT SPRING $275,665 $352,950 $426,625 $530,150
   MALVERN, AR
HOWARD $275,665 $352,950 $426,625 $530,150
INDEPENDENCE $275,665 $352,950 $426,625 $530,150
   BATESVILLE, AR
IZARD $275,665 $352,950 $426,625 $530,150
JACKSON $275,665 $352,950 $426,625 $530,150
JEFFERSON $275,665 $352,950 $426,625 $530,150
   PINE BLUFF, AR
JOHNSON $275,665 $352,950 $426,625 $530,150
LAFAYETTE $275,665 $352,950 $426,625 $530,150
LAWRENCE $275,665 $352,950 $426,625 $530,150
LEE $275,665 $352,950 $426,625 $530,150
LINCOLN $275,665 $352,950 $426,625 $530,150
   PINE BLUFF, AR
LITTLE RIVER $275,665 $352,950 $426,625 $530,150
   TEXARKANA, TX-AR
LOGAN $275,665 $352,950 $426,625 $530,150
LONOKE $275,665 $352,950 $426,625 $530,150
   LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, A
MADISON $275,665 $352,950 $426,625 $530,150
   FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO
MARION $275,665 $352,950 $426,625 $530,150
MILLER $275,665 $352,950 $426,625 $530,150
   TEXARKANA, TX-AR
MISSISSIPPI $275,665 $352,950 $426,625 $530,150
   BLYTHEVILLE, AR
MONROE $275,665 $352,950 $426,625 $530,150
MONTGOMERY $275,665 $352,950 $426,625 $530,150
NEVADA $275,665 $352,950 $426,625 $530,150
   NON-METRO
NEWTON $275,665 $352,950 $426,625 $530,150
   HARRISON, AR
OUACHITA $275,665 $352,950 $426,625 $530,150
   CAMDEN, AR
PERRY $275,665 $352,950 $426,625 $530,150
   LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, A
PHILLIPS $275,665 $352,950 $426,625 $530,150
   HELENA-WEST HELENA, AR
PIKE $275,665 $352,950 $426,625 $530,150
POINSETT $275,665 $352,950 $426,625 $530,150
   JONESBORO, AR
POLK $275,665 $352,950 $426,625 $530,150
POPE $275,665 $352,950 $426,625 $530,150
   RUSSELLVILLE, AR
PRAIRIE $275,665 $352,950 $426,625 $530,150
PULASKI $275,665 $352,950 $426,625 $530,150
   LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, A
RANDOLPH $275,665 $352,950 $426,625 $530,150
SALINE $275,665 $352,950 $426,625 $530,150
   LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, A
SCOTT $275,665 $352,950 $426,625 $530,150
SEARCY $275,665 $352,950 $426,625 $530,150
SEBASTIAN $275,665 $352,950 $426,625 $530,150
   FORT SMITH, AR-OK
SEVIER $275,665 $352,950 $426,625 $530,150
SHARP $275,665 $352,950 $426,625 $530,150
ST. FRANCIS $275,665 $352,950 $426,625 $530,150
   FORREST CITY, AR
STONE $275,665 $352,950 $426,625 $530,150
UNION $275,665 $352,950 $426,625 $530,150
   EL DORADO, AR
VAN BUREN $275,665 $352,950 $426,625 $530,150
WASHINGTON $275,665 $352,950 $426,625 $530,150
   FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO
WHITE $275,665 $352,950 $426,625 $530,150
   SEARCY, AR
WOODRUFF $275,665 $352,950 $426,625 $530,150
YELL $275,665 $352,950 $426,625 $530,150
   RUSSELLVILLE, AR