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.
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December 10, 2019
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%
The median home value for Little Rock, AR (Pulaski County) is $162,083
The median household income for Little Rock, AR (Pulaski County) is $50,343
Based on current mortgage rates and a 10% down payment, you need to make $30,072 per year to buy the median priced home in Little Rock
The home price you can afford to buy based on household income in Little Rock is 167% of the median home value which means housing prices are average
Little Rock (Pulaski County) ranks 70 out of 75 counties in Arkansas and 2,244 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
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