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FREQUENTLY ASKED QUESTIONS
Q. How long does it take to buy a home in Central Arkansas?
A: On average, the process takes 30–60 days once you’re under contract. The timeline includes loan approval, inspection, appraisal, and closing. If you’re paying cash, it can be much faster. Learn more about the homebuying timeline here.
Q: How much do I need for a down payment in Arkansas?
A: Most buyers put down 3%–20% depending on the loan program. VA and USDA loans may offer zero-down options, while FHA loans start as low as 3.5% down.
Q: What are closing costs in Arkansas?
A: Buyers typically pay 2%–3% of the purchase price, while sellers pay 4%–6% (including Realtor® commissions). Costs include lender fees, title work, insurance, and taxes. [See the full closing costs breakdown.]
Q: Can I buy a home near Little Rock Air Force Base (LRAFB)?
A: Yes! Many military families choose homes in Cabot, Jacksonville, Sherwood, and North Little Rock for quick commutes. [Explore my military relocation guide.]
Should I sell or rent my home in Arkansas?
Q: Are there first-time homebuyer programs in Arkansas?
A: It depends on your financial goals. Selling offers cash and fewer responsibilities, while renting can provide monthly income and long-term equity growth. Compare selling vs. renting here.
A: Yes. The Arkansas Development Finance Authority (ADFA) offers down payment assistance and competitive loan programs. Local banks and lenders also have special options. Read my blog about it here.
Q: What are the best schools in Central Arkansas?
A: Popular districts include Bryant, Benton, Conway, Cabot, and Little Rock magnet schools. Families often choose homes based on school zones. View my schools & districts guide.
Q: Can I buy acreage in Arkansas?
A: Yes! Many buyers look for 5+ acre tracts in areas like Ferndale, Benton, Cabot, and Conway. Be sure to check zoning, utilities, and financing requirements. See my acreage buying guide.