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2019 FHA Loan Limits in Arkansas

Relatively affordable home prices in Arkansas make it a friendly state for financing a home with an FHA loan. In fact, the entire state qualifies as a low-cost area, so the FHA loan limit of $314,827 for a single-family home is in line with most locations across the U.S.

The national median home price, as of late 2018, is estimated at $235,000, according to the National Association of Realtors. To compare, the highest median prices in Arkansas are $204,000 in Crittenden and $180,000 in Benton, Washington and Madison counties.

The Arkansas housing market is, however, on an upswing, as compared to 2017. The number of homes sold increased by 2.52% over the past year, according to the most recent report available from the Arkansas Realtors Association. The average home price across the state also increased by 3.68%.

How popular are FHA loans in Arkansas? FHA loans originated in the state, which has a population of approximately 3 million, made up only 0.87% of total FHA loans across the country in fiscal year 2018, according to an FHA report. However, a 2016 report (the most recent year for which this data is available) noted that close to 26% of mortgage loans made within the state were FHA loans, putting it in the top 20 of all states in this category.

Arkansas FHA loan limits by county

FHA Loan Limits in Arkansas
County Single-Family Limit Two-Family Limit Three-Family Limit Four-Family Limit Median Sale Price
Arkansas $314,827 $403,125 $487,250 $605,525 $63,000
Ashley $314,827 $403,125 $487,250 $605,525 $75,000
Baxter $314,827 $403,125 $487,250 $605,525 $130,000
Benton $314,827 $403,125 $487,250 $605,525 $180,000
Boone $314,827 $403,125 $487,250 $605,525 $102,000
Bradley $314,827 $403,125 $487,250 $605,525 $56,000
Calhoun $314,827 $403,125 $487,250 $605,525 $71,000
Carroll $314,827 $403,125 $487,250 $605,525 $110,000
Chicot $314,827 $403,125 $487,250 $605,525 $63,000
Clark $314,827 $403,125 $487,250 $605,525 $98,000
Clay $314,827 $403,125 $487,250 $605,525 $71,000
Cleburne $314,827 $403,125 $487,250 $605,525 $117,000
Cleveland $314,827 $403,125 $487,250 $605,525 $87,000
Columbia $314,827 $403,125 $487,250 $605,525 $82,000
Conway $314,827 $403,125 $487,250 $605,525 $89,000
Craighead $314,827 $403,125 $487,250 $605,525 $138,000
Crawford $314,827 $403,125 $487,250 $605,525 $120,000
Crittenden $314,827 $403,125 $487,250 $605,525 $204,000
Cross $314,827 $403,125 $487,250 $605,525 $68,000
Dallas $314,827 $403,125 $487,250 $605,525 $55,000
Desha $314,827 $403,125 $487,250 $605,525 $40,000
Drew $314,827 $403,125 $487,250 $605,525 $100,000
Faulkner $314,827 $403,125 $487,250 $605,525 $153,000
Franklin $314,827 $403,125 $487,250 $605,525 $100,000
Fulton $314,827 $403,125 $487,250 $605,525 $94,000
Garland $314,827 $403,125 $487,250 $605,525 $131,000
Grant $314,827 $403,125 $487,250 $605,525 $153,000
Greene $314,827 $403,125 $487,250 $605,525 $96,000
Hempstead $314,827 $403,125 $487,250 $605,525 $69,000
Hot Spring $314,827 $403,125 $487,250 $605,525 $91,000
Howard $314,827 $403,125 $487,250 $605,525 $80,000
Independence $314,827 $403,125 $487,250 $605,525 $86,000
Izard $314,827 $403,125 $487,250 $605,525 $82,000
Jackson $314,827 $403,125 $487,250 $605,525 $68,000
Jefferson $314,827 $403,125 $487,250 $605,525 $87,000
Johnson $314,827 $403,125 $487,250 $605,525 $96,000
Lafayette $314,827 $403,125 $487,250 $605,525 $67,000
Lawrence $314,827 $403,125 $487,250 $605,525 $52,000
Lee $314,827 $403,125 $487,250 $605,525 $69,000
Lincoln $314,827 $403,125 $487,250 $605,525 $87,000
Little River $314,827 $403,125 $487,250 $605,525 $139,000
Logan $314,827 $403,125 $487,250 $605,525 $93,000
Lonoke $314,827 $403,125 $487,250 $605,525 $153,000
Madison $314,827 $403,125 $487,250 $605,525 $180,000
Marion $314,827 $403,125 $487,250 $605,525 $116,000
Miller $314,827 $403,125 $487,250 $605,525 $139,000
Mississippi $314,827 $403,125 $487,250 $605,525 $86,000
Monroe $314,827 $403,125 $487,250 $605,525 $60,000
Montgomery $314,827 $403,125 $487,250 $605,525 $94,000
Nevada $314,827 $403,125 $487,250 $605,525 $69,000
Newton $314,827 $403,125 $487,250 $605,525 $102,000
Ouachita $314,827 $403,125 $487,250 $605,525 $71,000
Perry $314,827 $403,125 $487,250 $605,525 $153,000
Phillips $314,827 $403,125 $487,250 $605,525 $31,000
Pike $314,827 $403,125 $487,250 $605,525 $82,000
Poinsett $314,827 $403,125 $487,250 $605,525 $138,000
Polk $314,827 $403,125 $487,250 $605,525 $78,000
Pope $314,827 $403,125 $487,250 $605,525 $119,000
Prairie $314,827 $403,125 $487,250 $605,525 $71,000
Pulaski $314,827 $403,125 $487,250 $605,525 $153,000
Randolph $314,827 $403,125 $487,250 $605,525 $64,000
Saline $314,827 $403,125 $487,250 $605,525 $153,000
Scott $314,827 $403,125 $487,250 $605,525 $58,000
Searcy $314,827 $403,125 $487,250 $605,525 $62,000
Sebastian $314,827 $403,125 $487,250 $605,525 $120,000
Sevier $314,827 $403,125 $487,250 $605,525 $69,000
Sharp $314,827 $403,125 $487,250 $605,525 $54,000
St. Francis $314,827 $403,125 $487,250 $605,525 $50,000
Stone $314,827 $403,125 $487,250 $605,525 $111,000
Union $314,827 $403,125 $487,250 $605,525 $69,000
Van Buren $314,827 $403,125 $487,250 $605,525 $63,000
Washington $314,827 $403,125 $487,250 $605,525 $180,000
White $314,827 $403,125 $487,250 $605,525 $102,000
Woodruff $314,827 $403,125 $487,250 $605,525 $67,000
Yell $314,827 $403,125 $487,250 $605,525 $119,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets FHA loan limits based on the conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2019, that limit is $484,350. The FHA “floor” is the largest mortgage the agency will issue in most of the country and is set at $314,827 for 2019.

The FHA “ceiling” applies to places with more expensive real estate and is set at 150% of the conforming loan limit, or $726,525. This is generally the highest mortgage the agency will insure for a single-family home. In many parts of the country, a county’s loan limit is set somewhere between the floor and ceiling.

Here are the 2019 standard FHA limits for all property types:

  • One-unit: $314,827
  • Two-unit: $403,125
  • Three-unit: $487,250
  • Four-unit: $605,525

Here are the 2019 standard FHA limits for high-cost areas:

  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

Do you qualify for an FHA loan in Arkansas?

FHA loans provide an affordable path to homeownership for many potential homebuyers. They have lower down payment requirements and offer loans to those with less-than-perfect credit. To learn more about FHA loans, how to get an FHA loan and whether you might qualify, visit our main FHA page. It has everything you need to know about FHA loans, along with tools to help you compare loan offers.

 

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