Compare mortgage rates and fees for leading lenders in Little Rock, 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 Little Rock.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Little Rock. Plus, shopping lenders is free and there is no obligation.
September 28, 2020
The current average rate for a 30 year fixed rate mortgage in Little Rock 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Little Rock. Understand how much you need to earn to afford a home in Little Rock, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Little Rock 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 Little Rock is right for you.
The median home value for Little Rock, AR (Pulaski County) is $168,242
Based on current mortgage rates and a 10% down payment, you need to make $30,279 per year to buy the median priced home in Little Rock
With this income, you could qualify for a $151,418 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 Little Rock is $701
The median household income for Little Rock, AR (Pulaski County) is $51,519
Based on this income, you can afford a home valued at approximately $286,259
The home price you can afford to buy based on household income in Little Rock is 170% of the median home value which means housing prices are average. Little Rock (Pulaski County) ranks 70 out of 75 counties in Arkansas and 2,166 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Little Rock, AR is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Little Rock (Pulaski County) below.
Conforming loan limits for Little Rock, AR
FHA loan limits for Little Rock, AR
VA loan limits for Little Rock, AR