»
»
Hot Springs

Current Mortgage Rates in Hot Springs, Arkansas

Compare mortgage rates and fees for leading lenders in Hot Springs, 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 Hot Springs.

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

%
Mortgage Rates in Hot Springs, AR as of October 22, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Hot Springs, AR

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Hot Springs, AR Mortgage Rates Compare?

October 22, 2019

The current average rate for a 30 year fixed rate mortgage in Hot Springs 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%

Mortgage Program
Today's
Hot Springs, AR Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Hot Springs, Arkansas?

The median home value for Hot Springs, AR (Garland County) is $148,403

The median household income for Hot Springs, AR (Garland County) is $42,946

Based on current mortgage rates and a 10% down payment, you need to make $27,533 per year to buy the median priced home in Hot Springs

The home price you can afford to buy based on household income in Hot Springs is 156% of the median home value which means housing prices are average

Hot Springs (Garland County) ranks 74 out of 75 counties in Arkansas and 2,449 out of 3,142 counties in the United States for housing affordability.

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

orange-simple-house
ruler

Loan Limits for Hot Springs, Arkansas

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

Conforming loan limits for Hot Springs, AR

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Hot Springs, AR

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Hot Springs, AR

1 unit: $484,350

Additional Mortgage Resources for Hot Springs, AR Residents

Mortgage Rates for Arkansas Cities

Benton Mortgage Rates

Cabot Mortgage Rates

Conway Mortgage Rates

Fayetteville Mortgage Rates

Fort Smith Mortgage Rates

Hot Springs Mortgage Rates

Jonesboro Mortgage Rates

Little Rock Mortgage Rates

Searcy Mortgage Rates

Springdale Mortgage Rates

Sources

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