The Most Recent Arkansas Mortgage Rates for Your Home Loan or Refinance
If you’re a nature lover you might want to consider planting your roots in Arkansas. The state has numerous amazing parks for you to visit including the Crater of Diamonds State Park, where visitors can search for diamonds in the crater of an extinct volcano and the Ozark National Forest, which is a beautiful forested area with hiking and camping opportunities. There is also the Buffalo National River, which is a river that runs through the Ozarks.
Social customs in Arkansas are generally very friendly and welcoming, and the state has a strong sense of community. Economic reasons to consider buying a house in Arkansas include the state's low cost of living, its low crime rate, and its diverse economy.
Whether you’re a new Arkansas homebuyer or are looking to refinance an existing Arkansas mortgage, Aspire Lending is a certified Arkansas mortgage lender with expertise in Arkansas home loans. Our connection to the most up to date Arkansas mortgage interest rates can help you choose when it’s the right time to apply for a mortgage or refinance.
Bookmark and refer to this page often if you are interested in securing a low rate mortgage in Arkansas, as rates are subject to change. Wondering what kind of mortgage to get in Arkansas? Check out our guide below to common Arkansas mortgages and see which you might qualify for. If you’re already a Arkansas homeowner, use this guide to find the most recent Arkansas refinance rates.
TODAY'S ARKANSAS INTEREST RATES: MORTGAGE REFINANCE*View APR disclosure.
Conventional Refinance
Conventional Refinance 15 Year - Fixed
Interest* APR*
Conventional Refinance 20 Year - Fixed
Interest* APR*
Conventional Refinance 30 Year - Fixed
Interest* APR*
Home Equity / Cash Out Refinance
Home Equity / Cash Out 15 Year - Fixed
Interest* APR*
Home Equity / Cash Out 20 Year - Fixed
Interest* APR*
Home Equity / Cash Out 30 Year - Fixed
Interest* APR*
FHA Streamline Refinance
FHA Streamline 15 Year - Fixed
Interest* APR*
FHA Streamline 30 Year - Fixed
Interest* APR*
VA Interest Rate Reduction Refinance Loan (IRRRL)
VA IRRRL 15 Year - Fixed
Interest* APR*
VA IRRRL 30 Year - Fixed
Interest* APR*
USDA Streamline Refinance
USDA Streamline 30 Year - Fixed
Interest* APR*
Jumbo Refinance
Jumbo Refinance 30 Year - Fixed
Interest* APR*
TODAY'S ARKANSAS INTEREST RATES: MORTGAGE PURCHASE *View APR disclosure.
Conventional Purchase
Conventional Purchase 15 Year - Fixed
Interest* APR*
Conventional Purchase 20 Year - Fixed
Interest* APR*
Conventional Purchase 30 Year - Fixed
Interest* APR*
FHA Purchase
FHA 15 Year - Fixed
Interest* APR*
FHA 30 Year - Fixed
Interest* APR*
VA Purchase Loan
VA 15 Year - Fixed
Interest* APR*
VA 30 Year - Fixed
Interest* APR*
USDA Purchase
USDA 30 Year - Fixed
Interest* APR*
Jumbo Purchase
Jumbo Purchase 30 Year - Fixed
Interest* APR*
Arkansas Rate and Term Option Mortgage Refinance
You can refinance your Arkansas mortgage to adjust the interest rate and term, which can be a very simple way to save money. A conventional refinance of your Arkansas mortgage loan offers the flexibility to adjust your mortgage payment amount or reduce the total interest you will pay over the loan term. Aspire offers low rates for your Arkansas home loan refinance online. Come back to this page to check current interest rates and let us know when you are ready to refinance your Arkansas mortgage with a conventional rate and term refinance.
Loan Qualification Guidelines:
Conventional Refinance
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 95%
- Maximum Debt to Income: 45%
- Mortgage Insurance: Yes (80% LTV and above)
Arkansas Home Equity Loan Online
Visit Aspire to apply for a Arkansas Home Equity Loan Online. Arkansas home equity loans are a great way for homeowners to convert the equity in their home to cash. You may consider taking out a Arkansas home equity loan to free up extra cash, make home repairs, or finance a large purchase. Aspire Lending has the latest Arkansas mortgage rates including the most recent Arkansas home equity loan rates. Bookmark our website and check back often to see when Arkansas home equity loan rates change so that you can ensure you get the best deal possible.
Loan Qualification Guidelines:
Home Equity Loan
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 45%
- Mortgage Insurance: No
Arkansas Cash Out Refinance
A cash out refinance is useful for homeowners who are looking to refinance their existing Arkansas mortgage and take cash out of their earned home equity. A Arkansas cash out refinance allows you to take advantage of the equity you've built up in your home and pay a lower interest rate. If you are interested in seeing the latest Arkansas mortgage refinance rates check this page often.
Loan Qualification Guidelines:
Cash Out Refinance
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 45%
- Mortgage Insurance: No
Arkansas FHA Loan: Streamline Refinance
The streamline refinance loan is a type of Arkansas FHA loan that allows you to lower your FHA interest rate. Lowering your Arkansas FHA loan rate with Aspire is a simple and quick refinance process, and it might be right for you if you believe there is room to reduce your interest rate on your current Arkansas FHA mortgage. FHA loans are backed by the US Federal Housing Administration and they do not require an appraisal. Aspire Lending is a Arkansas FHA-approved lender.
Loan Qualification Guidelines:
Arkansas FHA Streamline Refinance
- Minimum FICO Credit Score: 640
- Maximum Loan to Value: 95%
- Maximum Debt to Income: 50%
- Mortgage Insurance: Yes
Arkansas VA Loans: IRRRL
United States military veterans who live in Arkansas can potentially benefit from an interest rate reduction refinance loan on their current VA mortgage. Check back with Aspire Lending often for the most updated Arkansas VA loan rates.
Loan Qualification Guidelines:
VA IRRRL
- Minimum FICO Credit Score: 660
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: No
Arkansas USDA Loans: Streamline Refinance
A Arkansas USDA Streamline Refinance loan will allow you to refinance your current Arkansas USDA loan to more favorable terms. The USDA does not require an updated appraisal to refinance a Arkansas USDA mortgage to a lower interest rate and payment. Many Arkansas homeowners with USDA rural properties utilize the opportunity to get a streamline refinance to save them money on their mortgage payments and interest. Aspire Lending offers great rates on USDA streamline refinance loans in Arkansas, check this page for the most up to date interest rates.
Loan Qualification Guidelines:
USDA Streamline Refinance
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: Yes
Arkansas Jumbo Loan Refinance
Refinancing your Jumbo mortgage to a lower interest rate can save you a lot of money over the life of the loan. “Jumbo” loans are for amounts greater than $647,200, though this number can be changed. Aspire Lending offers some of the lowest interest rates on Arkansas jumbo loans.
Loan Qualification Guidelines:
Jumbo Refinance
- Minimum FICO Credit Score: 700
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 43%
- Mortgage Insurance: No
Arkansas Home Loans: Conventional Home Purchase
Conventional Arkansas home loans offer flexible options for home buyers. A conventional Arkansas home purchase mortgage has a minimum 5% down payment. There is also a conventional first-time home buyers loan program that offers a minimum 3% down payment for Arkansas mortgage applicants buying a primary residence for the first time.
Loan Qualification Guidelines:
Conventional loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 3%-5%
- Maximum Loan to Value: 97%-95%
- Maximum Debt to Income: 45%
- Mortgage Insurance: Yes(for 80% LTV and above)
Arkansas FHA Loans
A Arkansas FHA loan is provided by an FHA-approved lender such as Aspire. Arkansas FHA loans, like all FHA loans, are backed by the US Federal Housing Administration. A Arkansas FHA loan could be the right option for you if you are looking for a mortgage in Arkansas, but also need to put less than 10% down. With a minimum down payment amount of 3.5% of the total home purchase price, FHA loans are a great option for first time Arkansas home buyers. Aspire always has the latest Arkansas FHA loan rates so check back frequently to see when the right time for you to get a Arkansas FHA loan could be. The Arkansas FHA streamline refinance loan allows you to lower your FHA interest rate with a simple and quick refinance process.
Loan Qualification Guidelines:
FHA Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 3.5%
- Maximum Loan to Value: 97.5%
- Maximum Debt to Income: 50%
- Mortgage Insurance: Yes
Arkansas VA Loans
Arkansas Veterans Administration loans support our armed forced community by helping them secure a mortgage with beneficial VA loan terms such as a lower interest rate or longer term. To qualify for a Arkansas VA loan, you must be a current or former member of the US armed forces in good status or a qualifying spouse. Aspire Lending is a certified mortgage lender offering Arkansas VA loans to those who have served or are serving in the armed forces. Check Aspire Lending often for the most updated Arkansas VA loan rates.
Loan Qualification Guidelines:
VA Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 0%
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: No
Arkansas USDA Loans
Arkansas USDA loans are a type of mortgage for residents of Arkansas who are interested in living in rural and developing locations as identified by the USDA. If that matches your description read on as you may be entitled to seek a Arkansas USDA loan. The USDA Loan Program is federally backed through the United States Department of Agriculture. As you might expect, USDA loans come with some geographical restrictions along with other caps; such as one on income and another limiting purchases to only single-family homes. If you think you meet the qualifications for a Arkansas USDA loan, then reach out to Aspire to speak with one of our Arkansas mortgage specialists. We always have the most recent rates on Arkansas USDA loans so check back frequently.
Loan Qualification Guidelines:
USDA Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 0%
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: Yes
Arkansas Jumbo Loans
A Arkansas jumbo loan is for you if you are looking to take out a larger than average loan in the state of Arkansas. These loans are for an amount greater than $647,200 though this number can be changed. Aspire is a certified Arkansas mortgage lender offering Arkansas jumbo loans at the latest rates. Check this page often to see the most recent Arkansas jumbo loan rates.
Loan Qualification Guidelines:
Jumbo Loan
- Minimum FICO Credit Score: 700
- Minimum Down Payment: 20%
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 43%
- Mortgage Insurance: No
