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Searcy

Compare Current Searcy, Arkansas Mortgage Rates

Compare Searcy, 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 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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Searcy, AR Mortgage Rates as of July 19, 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 Searcy, AR Mortgage Rates

July 19, 2024

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

How Affordable is Housing in Searcy, Arkansas?

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

The median home value for Searcy, AR (Searcy County) is $171,309

Based on current mortgage rates and a 10% down payment, you need to make $35,738 per year to buy the median priced home in Searcy

With this income, you could qualify for a $154,178 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 Searcy is $828

The median household income for Searcy, AR (Searcy County) is $52,152

Based on this income, you can afford a home valued at approximately $249,992

The home price you can afford to buy based on household income in Searcy is 146% of the median home value which means housing prices are average. Searcy (Searcy County) ranks 63 out of 75 counties in Arkansas and 1,992 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 (Searcy County) below.

Conforming loan limits for Searcy, AR

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

FHA loan limits for Searcy, AR

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

VA loan limits for Searcy, AR

1 unit: $726,200

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