Compare Current Conway, Arkansas Mortgage Rates

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.

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

Conway, AR Mortgage Rates as of April 25, 2024
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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. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Conway, AR Mortgage Rates

April 25, 2024

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

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

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