Compare Current Benton, Arkansas Mortgage Rates

Compare Benton, AR mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Benton.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Benton. Plus, shopping lenders is free and there is no obligation.

Benton, AR Mortgage Rates as of December 1, 2023
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details. Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Benton, AR Mortgage Rates

December 1, 2023

Current mortgage rates in Benton, AR are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Benton, AR Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Benton, Arkansas?

Below we provide helpful information on the real estate market, home prices and housing affordability in Benton. Understand how much you need to earn to afford a home in Benton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Benton fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Benton is right for you.

The median home value for Benton, AR (Saline County) is $224,701

Based on current mortgage rates and a 10% down payment, you need to make $46,876 per year to buy the median priced home in Benton

With this income, you could qualify for a $202,231 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Benton is $1,086

The median household income for Benton, AR (Saline County) is $68,328

Based on this income, you can afford a home valued at approximately $327,531

The home price you can afford to buy based on household income in Benton is 146% of the median home value which means housing prices are average. Benton (Saline County) ranks 64 out of 75 counties in Arkansas and 2,000 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Benton, AR is average


Loan Limits for Benton, Arkansas

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Benton (Saline County) below.

Conforming loan limits for Benton, AR

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Benton, AR

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Benton, AR

1 unit: $726,200

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