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Jonesboro

Compare Current Jonesboro, Arkansas Mortgage Rates

Compare Jonesboro, 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 Jonesboro.

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

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Jonesboro, AR Mortgage Rates as of July 15, 2024
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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.

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, insurance premiums or private mortgage insurance if applicable. 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 Jonesboro, AR Mortgage Rates

July 15, 2024

Current mortgage rates in Jonesboro, 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
Jonesboro, AR Rates
National
Average
Comparison
30 Year Fixed Rate
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6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Jonesboro, Arkansas?

Below we provide helpful information on the real estate market, home prices and housing affordability in Jonesboro. Understand how much you need to earn to afford a home in Jonesboro, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Jonesboro 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 Jonesboro is right for you.

The median home value for Jonesboro, AR (Craighead County) is $196,027

Based on current mortgage rates and a 10% down payment, you need to make $40,894 per year to buy the median priced home in Jonesboro

With this income, you could qualify for a $176,424 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 Jonesboro is $947

The median household income for Jonesboro, AR (Craighead County) is $50,919

Based on this income, you can afford a home valued at approximately $244,078

The home price you can afford to buy based on household income in Jonesboro is 125% of the median home value which means housing prices are average. Jonesboro (Craighead County) ranks 72 out of 75 counties in Arkansas and 2,431 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Jonesboro, Arkansas

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

Conforming loan limits for Jonesboro, AR

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

FHA loan limits for Jonesboro, AR

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

VA loan limits for Jonesboro, AR

1 unit: $726,200

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