What is an FHA Loan? Requirements, How to Get One and Best Lenders
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

2024 FHA Loan Limits in Arkansas

Updated on:
Content was accurate at the time of publication.

FHA loans are backed by the Federal Housing Administration (FHA) with specific loan limits on home loans. The 2024 FHA loan limit for single-family homes in Arkansas is $498,257. Homebuyers can qualify for an FHA loan with a low credit score and small down payment. However, there are stricter appraisal standards and mortgage insurance to take into account, among other requirements.

County nameOne unitTwo unitsThree unitsFour unitsMedian sales price
ARKANSAS$498,257 $637,950 $771,125 $958,350 $89,000
ASHLEY$498,257 $637,950 $771,125 $958,350 $60,000
BAXTER$498,257 $637,950 $771,125 $958,350 $166,000
BENTON$498,257 $637,950 $771,125 $958,350 $336,000
BOONE$498,257 $637,950 $771,125 $958,350 $162,000
BRADLEY$498,257 $637,950 $771,125 $958,350 $55,000
CALHOUN$498,257 $637,950 $771,125 $958,350 $60,000
CARROLL$498,257 $637,950 $771,125 $958,350 $160,000
CHICOT$498,257 $637,950 $771,125 $958,350 $75,000
CLARK$498,257 $637,950 $771,125 $958,350 $219,000
CLAY$498,257 $637,950 $771,125 $958,350 $106,000
CLEBURNE$498,257 $637,950 $771,125 $958,350 $155,000
CLEVELAND$498,257 $637,950 $771,125 $958,350 $138,000
COLUMBIA$498,257 $637,950 $771,125 $958,350 $149,000
CONWAY$498,257 $637,950 $771,125 $958,350 $94,000
CRAIGHEAD$498,257 $637,950 $771,125 $958,350 $190,000
CRAWFORD$498,257 $637,950 $771,125 $958,350 $155,000
CRITTENDEN$498,257 $637,950 $771,125 $958,350 $328,000
CROSS$498,257 $637,950 $771,125 $958,350 $107,000
DALLAS$498,257 $637,950 $771,125 $958,350 $56,000
DESHA$498,257 $637,950 $771,125 $958,350 $60,000
DREW$498,257 $637,950 $771,125 $958,350 $125,000
FAULKNER$498,257 $637,950 $771,125 $958,350 $214,000
FRANKLIN$498,257 $637,950 $771,125 $958,350 $155,000
FULTON$498,257 $637,950 $771,125 $958,350 $80,000
GARLAND$498,257 $637,950 $771,125 $958,350 $187,000
GRANT$498,257 $637,950 $771,125 $958,350 $214,000
GREENE$498,257 $637,950 $771,125 $958,350 $140,000
HEMPSTEAD$498,257 $637,950 $771,125 $958,350 $100,000
HOT SPRING$498,257 $637,950 $771,125 $958,350 $120,000
HOWARD$498,257 $637,950 $771,125 $958,350 $94,000
INDEPENDENCE$498,257 $637,950 $771,125 $958,350 $115,000
IZARD$498,257 $637,950 $771,125 $958,350 $106,000
JACKSON$498,257 $637,950 $771,125 $958,350 $53,000
JEFFERSON$498,257 $637,950 $771,125 $958,350 $138,000
JOHNSON$498,257 $637,950 $771,125 $958,350 $96,000
LAFAYETTE$498,257 $637,950 $771,125 $958,350 $63,000
LAWRENCE$498,257 $637,950 $771,125 $958,350 $65,000
LEE$498,257 $637,950 $771,125 $958,350 $105,000
LINCOLN$498,257 $637,950 $771,125 $958,350 $138,000
LITTLE RIVER$498,257 $637,950 $771,125 $958,350 $169,000
LOGAN$498,257 $637,950 $771,125 $958,350 $77,000
LONOKE$498,257 $637,950 $771,125 $958,350 $214,000
MADISON$498,257 $637,950 $771,125 $958,350 $336,000
MARION$498,257 $637,950 $771,125 $958,350 $150,000
MILLER$498,257 $637,950 $771,125 $958,350 $169,000
MISSISSIPPI$498,257 $637,950 $771,125 $958,350 $75,000
MONROE$498,257 $637,950 $771,125 $958,350 $48,000
MONTGOMERY$498,257 $637,950 $771,125 $958,350 $163,000
NEVADA$498,257 $637,950 $771,125 $958,350 $100,000
NEWTON$498,257 $637,950 $771,125 $958,350 $162,000
OUACHITA$498,257 $637,950 $771,125 $958,350 $60,000
PERRY$498,257 $637,950 $771,125 $958,350 $214,000
PHILLIPS$498,257 $637,950 $771,125 $958,350 $45,000
PIKE$498,257 $637,950 $771,125 $958,350 $90,000
POINSETT$498,257 $637,950 $771,125 $958,350 $190,000
POLK$498,257 $637,950 $771,125 $958,350 $106,000
POPE$498,257 $637,950 $771,125 $958,350 $157,000
PRAIRIE$498,257 $637,950 $771,125 $958,350 $75,000
PULASKI$498,257 $637,950 $771,125 $958,350 $214,000
RANDOLPH$498,257 $637,950 $771,125 $958,350 $90,000
SALINE$498,257 $637,950 $771,125 $958,350 $214,000
SCOTT$498,257 $637,950 $771,125 $958,350 $80,000
SEARCY$498,257 $637,950 $771,125 $958,350 $92,000
SEBASTIAN$498,257 $637,950 $771,125 $958,350 $155,000
SEVIER$498,257 $637,950 $771,125 $958,350 $82,000
SHARP$498,257 $637,950 $771,125 $958,350 $115,000
ST. FRANCIS$498,257 $637,950 $771,125 $958,350 $53,000
STONE$498,257 $637,950 $771,125 $958,350 $170,000
UNION$498,257 $637,950 $771,125 $958,350 $110,000
VAN BUREN$498,257 $637,950 $771,125 $958,350 $101,000
WASHINGTON$498,257 $637,950 $771,125 $958,350 $336,000
WHITE$498,257 $637,950 $771,125 $958,350 $150,000
WOODRUFF$498,257 $637,950 $771,125 $958,350 $41,000
YELL$498,257 $637,950 $771,125 $958,350 $157,000

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Each year, FHA loan limits are set by the National Housing Act giving homebuyers a maximum amount they can borrow. These limits are a certain percentage of the t conforming loan limits for conventional loans set by the Federal Housing Finance Agency (FHFA). The conforming loan limit for 2024 is $766,550.

The “floor” is considered the lowest FHA loan limit that can be borrowed and is 65% of $766,550, and the “ceiling” is the highest limit at 150% of the conforming loan limit.

Single-family homes in most counties across the U.S. have a loan limit of $498,257. However, these limits max out at $1,149,825 in more expensive metro areas.

If you’re a homebuyer in Arkansas, you may be interested in applying for an FHA loan. Keep in mind that to qualify for FHA loans you must meet the following minimum requirements:

Credit score. While you could be approved with a credit score as low as 500, you need at least a 580 credit score to qualify for the best terms.

Down payment. Your minimum down payment requirement will be determined by your credit score. If you have at least a 580 score, you can make a 3.5% down payment. However, you’ll need to put 10% down for credit scores between 579 to 500.

Income history. FHA loan lenders don’t usually require a minimum income to qualify, but you will need to provide employment and income history for the last two years.

Debt-to-income (DTI) ratio. Your DTI ratio will be considered by lenders to see how much debt you owe compared to your pre-taxed income.

Primary residence. FHA loans can only be used for a primary residence. These properties can’t be used as vacation homes, rentals, or anything business-related.

Home appraisal. FHA loans have higher standards when it comes to appraisals and must pass all FHA home inspection requirements.

Mortgage insurance. You’ll need two types of FHA mortgage insurance: an upfront cost and an annual premium added to your monthly payments.

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Buying a multifamily property with an FHA loan

The FHA program also allows you to buy a multifamily home of two to four units with just 3.5% down. Similar to a single-family home, these multifamily properties come with specific requirements to qualify, including:

A credit score of 580 for a 3.5% down payment

Proof of income

Acceptable debt-to-income ratio

Homebuyers must live in the home for at least one year

Number of unitsLow-cost FHA loan limit
Two$637,950
Three $771,125
Four $958,350

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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