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Compare Conway, 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 Conway.
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Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
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Compare Today's Conway, AR Mortgage Rates
May 28, 2023
Current mortgage rates in Conway, 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
Today's Conway, AR Rates
National Average
Comparison
30 Year Fixed Rate
%
6.390%
15 Year Fixed Rate
%
5.750%
5/1 Adjustable Rate Mortgage
%
6.000%
How Affordable is Housing in Conway, Arkansas?
Below we provide helpful information on the real estate market, home prices and housing affordability in Conway. Understand how much you need to earn to afford a home in Conway, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Conway 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 Conway is right for you.
The median home value for Conway, AR (Conway County) is $227,813
Based on current mortgage rates and a 10% down payment, you need to make $47,525 per year to buy the median priced home in Conway
With this income, you could qualify for a $205,032 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 Conway is $1,101
The median household income for Conway, AR (Conway County) is $56,447
Based on this income, you can afford a home valued at approximately $270,580
The home price you can afford to buy based on household income in Conway is 119% of the median home value which means housing prices are average.
Conway (Conway County) ranks 73 out of 75 counties in Arkansas and 2,530 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Conway, AR is average
Loan Limits for Conway, Arkansas
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Conway (Conway County) below.
Conforming loan limits for Conway, AR
1 unit:$726,200
2 units:$929,850
3 units:$1,123,900
4 units:$1,396,800
FHA loan limits for Conway, AR
1 unit:$472,030
2 units:$604,400
3 units:$730,525
4 units:$907,900
VA loan limits for Conway, AR
1 unit:$726,200
Additional Mortgage Resources for Conway, AR Residents