Compare mortgage rates and fees for leading lenders in Springdale, 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 Springdale.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Springdale. Plus, shopping lenders is free and there is no obligation.
August 22, 2019
The current average rate for a 30 year fixed rate mortgage in Springdale 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 Springdale, AR (Benton County) is $196,745
The median household income for Springdale, AR (Benton County) is $63,144
Based on current mortgage rates and a 10% down payment, you need to make $36,502 per year to buy the median priced home in Springdale
The home price you can afford to by based on household income in Springdale is 173% of the median home value which means housing prices are average
Springdale (Benton County) ranks 66 out of 75 counties in Arkansas and 2,138 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Springdale, AR is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Springdale (Benton County) below.
Conforming loan limits for Springdale, AR
FHA loan limits for Springdale, AR
VA loan limits for Springdale, 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