Compare mortgage rates and fees for leading lenders in Fayetteville, AR. 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 lender offering the best mortgage rates in Fayetteville.
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November 13, 2019
The current average rate for a 30 year fixed rate mortgage in Fayetteville is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Fayetteville, AR (Washington County) is $187,698
The median household income for Fayetteville, AR (Washington County) is $48,903
Based on current mortgage rates and a 10% down payment, you need to make $34,824 per year to buy the median priced home in Fayetteville
The home price you can afford to buy based on household income in Fayetteville is 140% of the median home value which means housing prices are average
Fayetteville (Washington County) ranks 75 out of 75 counties in Arkansas and 2,670 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Fayetteville, AR is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Fayetteville (Washington County) below.
Conforming loan limits for Fayetteville, AR
FHA loan limits for Fayetteville, AR
VA loan limits for Fayetteville, AR
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index