Current Mortgage Rates in Jonesboro, Arkansas

Compare mortgage rates and fees for leading lenders in Jonesboro, 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 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.

Mortgage Rates in Jonesboro, AR as of September 27, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Jonesboro, AR Mortgage Rates Compare?

September 27, 2020

The current average rate for a 30 year fixed rate mortgage in Jonesboro 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
Jonesboro, AR Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

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 $147,433

Based on current mortgage rates and a 10% down payment, you need to make $26,534 per year to buy the median priced home in Jonesboro

With this income, you could qualify for a $132,690 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 $614

The median household income for Jonesboro, AR (Craighead County) is $48,168

Based on this income, you can afford a home valued at approximately $267,636

The home price you can afford to buy based on household income in Jonesboro is 182% of the median home value which means housing prices are average. Jonesboro (Craighead County) ranks 63 out of 75 counties in Arkansas and 1,925 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


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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Jonesboro, AR

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Jonesboro, AR

1 unit: $510,400

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