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Searcy

Current Mortgage Rates in Searcy, Arkansas

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

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

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Mortgage Rates in Searcy, AR as of August 22, 2019
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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 Searcy, AR Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in Searcy 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
Searcy, AR Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Searcy, Arkansas?

The median home value for Searcy, AR (White County) is $124,794

The median household income for Searcy, AR (White County) is $45,421

Based on current mortgage rates and a 10% down payment, you need to make $23,153 per year to buy the median priced home in Searcy

The home price you can afford to by based on household income in Searcy is 196% of the median home value which means housing prices are average

Searcy (White County) ranks 57 out of 75 counties in Arkansas and 1,668 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Searcy, Arkansas

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

Conforming loan limits for Searcy, AR

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

FHA loan limits for Searcy, AR

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

VA loan limits for Searcy, AR

1 unit: $484,350

Additional Mortgage Resources for Searcy, AR Residents

Mortgage Rates for Arkansas Cities

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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