Capital Home Mortgage Arkansas

Arkansas USDA Home Loans

USDA Mortgage Lender Arkansas

USDA Home Loans in Arkansas

Arkansas USDA home loans, also known as Rural Development loans, are mortgage loans offered by the United States Department of Agriculture (USDA) to encourage Arkansas homeownership in rural and suburban areas. These loans are designed to help moderate- to low-income Arkansas families purchase homes with no down payment and at favorable interest rates. 

How do USDA home loans operate in the state of Arkansas, and do you qualify?  Following is an explanation of USDA loans and how they can help you acquire a property.

What is an Arkansas USDA Home Loan?

An Arkansas USDA Home Loan is a mortgage with no down payment for homebuyers in qualified rural and suburban locations. The Rural Development Guaranteed Housing Loan Program of the U.S. Department of Agriculture guarantees USDA loans.

The United States Department of Agriculture (USDA) offers two types of single-family rural housing loans: Direct and Guaranteed.

  • Arkansas USDA Guaranteed Home Loan 

The Single-family home Guaranteed Loan Program assists low- and moderate-income individuals and families in securing finance by providing loan guarantees in the event of future default.

The USDA Guaranteed Loan Program aids qualified lenders in giving low- and moderate-income households in qualifying rural areas the chance to own adequate, modest, decent, safe, and sanitary primary residences. 100% financing is available to eligible applicants for purchasing, construction, rehabilitation, improvement, or relocation of a home in an approved rural area. The program gives a 90% loan note guarantee to approved lenders to reduce the risk of granting 100% loans to qualifying rural homebuyers — meaning there is no down payment required!

  • Arkansas USDA Direct Home Loan 

This program helps low- and very-low-income applicants obtain good, safe, and sanitary housing in designated rural areas by increasing their ability to repay their mortgage loans. Payment assistance is a subsidy that temporarily cuts mortgage payments. The amount of aid is determined by the family’s income after adjustments.

Individuals and families can apply directly through their local USDA Rural Development Office.

The property must be located in an appropriate rural location to qualify for a USDA home loan. Suppose you’ve already identified a property you’re interested in acquiring. In that case, you can visit the Property Eligibility page on the United States Department of Agriculture’s website to discover whether the property qualifies.

How To Qualify For Arkansas USDA Home Loan

To qualify for a USDA Home Loan in the state of Arkansas, you must satisfy the following criteria:

  • Your adjusted income must be at or below the applicable low-income level for the area where you seek to purchase a home.
  • Show a willingness and capacity to repay debt
  • Lack of decent, secure, and sanitary housing
  • The property must be located in a rural region that qualifies.
  • Comply with USDA occupancy requirements.
  • The property’s physical condition must be satisfactory.

In addition to meeting income standards and identifying a suitable property or area, you must also agree to occupy the home as your principal residence. USDA loans cannot be used to purchase an investment or a second home.

To qualify, you must be unable to acquire traditional financing, but you must also demonstrate the ability to repay the loan. You must also be a citizen of the United States, a national of the United States who is not a citizen, or an eligible alien who has not been barred or suspended from participation in any government programs.

Apply For an Arkansas USDA Loan 

If Get started of your USDA Home Loan by Applying Now, or call (501) 588-7399 to speak with one of our Arkansas USDA Home Loan Specialists.

Why Arkansas HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Arkansas Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Arkansas USDA Mortgage Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Guaranteed by US Depart of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled In
  • New Manufactured Home Only
Arkansas Mortgage Programs

Arkansas Home Purchase loans

Looking to Purchase an Arkansas Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Arkansas Renovation Home Loans

Looking to Rehab an Arkansas Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Arkansas FHA Home loans

Great 1st Time Arkansas Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Arkansas va Home Loans

100% Financing for Arkansas Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Arkansas Conventional Home loans

Flexibility for Arkansas Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Arkansas Jumbo Home Loans

Arkansas Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Arkansas USDA Home loans

100% Rural Arkansas Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Arkansas Native american Home Loans

Arkansas Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

Arkansas Manufactured Home loans

Great Alternative Arkansas Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Arkansas Reverse Mortgage Loans

Your Arkansas Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Arkansas Non QM Home loans

Making Arkansas Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Arkansas One Time Close Home Loans

Build Your Arkansas Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Arkansas Refinance Mortgage loans

Arkansas Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Arkansas Cashout Mortgage Loans

Arkansas Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

Arkansas Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132
Rebecca Solomon

Rebecca Solomon

Sr Loan Officer
NMLS #156188

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