There are many options when it comes to buying or refinancing your home.  Below are some details on the different loan types.  



3.5% down payment requirement

Lower closing costs in most situations

This loan is a great option for those with less than ideal credit profiles

This loan is insured by the federal government

Mortgage insurance is required for the life of the loan

There is a maximum loan amount to qualify for this loan.  Call us to see what that is for your area.

First Arkansas Financial is a Direct Endorsed FHA Lender

VA -

This loan is available to our Military Veterans...THANK YOU FOR YOUR SERVICE!!!

0% down payment requirement

No Mortgage Insurance requirement

There is a funding fee for this type of loan which is typically 2.15% of the loan and this can be added to the overall loan amount

First Arkansas Financial is an approved VA Lender.

Need to get your Certificate of Eligibility?  Use the link below.

COE Eligibility (Takes you to the VA website)


0% down payment for qualified borrowers on qualified properties

Also known as a Rural Development (RD) loan or a Section 502 loan

Mortgage insurance costs for this type of loan are half that of conventional and one quarter that of an FHA loan

Call us to determine eligibility requirements for the borrower and the property

First Arkansas Financial has the National USDA Lender Approval


3% and up down payment

Fixed rate loans

Non-Government sponsored loans

Multiple programs available under conventional loans

Mortgage insurance required for at least 2 years and will b e released once equity on the property reaches 20%.

There is a maximum loan amount to qualify for this loan.  Call us to see what that amount is.

First Arkansas Financial is delegated with multiple investors for this type of product.


This loan is for those buying or refinancing properties that are priced higher than the conventional/conforming loan limits. 

Requires a larger down payment and reserve accounts

No Mortgage Insurance

Ideal credit profiles are required - 700+ FICO

First Arkansas Financial is approved to bank this product.



*Information listed above is deemed reliable as of May 2015.  However, please do give us a call to verify that the information provided is still current.