Buying a Home in Arkansas
The real estate prices in Arkansas continue to rise due to supply and demand. Estimates show that housing prices in Little Rock have risen 7.5% from 2020. Even though the cost of homeownership in Arkansas is on the rise, you can still purchase a home in Arkansas for considerably less than the national average.
According to Zillow, the median price for a home in Arkansas is $173,707, about on par with other southern states such as Alabama. Even though that is up 7.5% from the previous year, it is still much cheaper than many other places in the country. The median price for a home in Oregon is $479,135. The median home price in Utah is almost $505,789. The point being is that 7.5% up from a price that was already very inexpensive shouldn’t put much of a hindrance in your way to owning a home in Arkansas.
Refinancing in Arkansas
There are countless benefits to refinancing your home loan. Ridding yourself of PMI, lowering interest rates, consolidating debt, and funding home renovations are just some of the many reasons people choose to refinance their mortgages.
Mortgage Calculator: Arkansas
Mortgage calculators can help determine your mortgage payment and break down that payment into individual expenses such as taxes, insurance, and HOA fees. Calculate your monthly mortgage payment for a home in Arkansas by inputting your loan term, home price, and down payment into the corresponding box on the mortgage calculator.
In addition to the mortgage calculator, we offer a loan comparison calculator, rent vs. buy calculator, and refinance calculator among others. Our goal is to provide clients with a full suite of tools so that they may make the most informed decision possible about their home loans.
Best Mortgages in Arkansas
ARM (adjustable rate mortgages), government-insured mortgages (FHA, VA, and USDA-backed mortgages), fixed-rate mortgages, and conventional mortgages are all available to Arkansas residents through The Home Loan Expert. If you aren’t sure which of these or other available loans is best for you, then check out a full list of home loan options available to those in Arkansas.
The Home Loan Expert
The Home Loan Expert offers Arkansas residents the most competitive mortgage rates in the state. We serve the people of Arkansas in Little Rock, Fayetteville, Hot Springs, Bentonville, Fort Smith, Jonesboro, and many other cities.
The Home Loan Expert has decades of experience in the mortgage industry. We have expanded to 18 states. We look forward to helping you finance your dream home in Arkansas.