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.
December 9, 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%
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 buy 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
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
FHA loan limits for Searcy, AR
VA loan limits for Searcy, 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