Arkansas homeowners who currently owe more their AR mortgage than the home's. Arkansas HARP loans require underwriting and a loan application process.
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The U.S. housing sector has been in a rut for most of the last year despite a sharp drop in mortgage interest rates. Pending.
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Today’s rate. Current rates in Arkansas are 4.4% for a 30-year fixed, 3.761% for a 15-year fixed, and 3.934% for a 5/1 adjustable-rate mortgage (ARM).
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Mortgage Rates in Arkansas. Compare today’s average mortgage rates in the state of Arkansas. Bankrate aggregates mortgage rates from multiple sources to provide averages for Arkansas. 5/1 ARM mortgage rate 4.23% current rates in Arkansas are 4.41% for a 30-year fixed, 3.85% for a 15-year fixed,
Mortgage insurance should not be confused with mortgage life insurance, which is designed to pay off a mortgage in the event of a borrower’s death. Mortgage insurance makes it possible for you to buy a home with less than a 20% down payment by protecting the lender against the additional risk associated with low down payment lending.
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FHA single-family mortgages in ARKANSAS can have down payments as little as 3.5%. In some cases, FHA insurance allows homebuyers to finance approximately 96.5% of the value of their home purchased with their FHA mortgage.