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Springdale

Current Mortgage Rates in Springdale, Arkansas

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.

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Mortgage Rates in Springdale, AR as of September 29, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
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How Do Today's Springdale, AR Mortgage Rates Compare?

September 29, 2020

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%

Mortgage Program
Today's
Springdale, AR Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Springdale, Arkansas?

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

The median home value for Springdale, AR (Benton County) is $209,337

Based on current mortgage rates and a 10% down payment, you need to make $37,675 per year to buy the median priced home in Springdale

With this income, you could qualify for a $188,403 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 Springdale is $872

The median household income for Springdale, AR (Benton County) is $64,619

Based on this income, you can afford a home valued at approximately $359,046

The home price you can afford to buy based on household income in Springdale is 172% of the median home value which means housing prices are average. Springdale (Benton County) ranks 67 out of 75 counties in Arkansas and 2,143 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

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Loan Limits for Springdale, Arkansas

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

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Springdale, AR

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Springdale, AR

1 unit: $510,400

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