How Much Are Closing Costs in Arkansas? A Complete Guide for Buyers & Sellers

Buying or selling a home in Arkansas is exciting—but it also comes with expenses that can catch many people by surprise. One of the most common questions I hear from clients is:

“How much are closing costs in Arkansas?”

The answer depends on whether you’re buying or selling, but in most cases, closing costs in Arkansas range from 2%–5% of the home’s purchase price. Let’s break it down step by step.

🔑 What Are Closing Costs?

Closing costs are the fees and expenses—beyond the home’s purchase price—that must be paid on closing day (the day ownership officially transfers).

These costs can include:

• Loan origination fees

• Title search and insurance

• Property taxes

• Realtor commissions

• Attorney or escrow fees

Understanding these costs upfront helps you budget properly and avoid surprises.

📊 Average Closing Costs in Arkansas

For Buyers

• Typically 2%–3% of the purchase price

• On a $250,000 home, this equals $5,000–$7,500

For Sellers

• Typically 4%–6% of the purchase price (includes Realtor commissions)

• On a $250,000 home, this equals $10,000–$15,000

💰 Common Buyer Closing Costs in Arkansas

Arkansas homebuyers can expect to see these fees:

• Loan Origination Fee: 0.5%–1% of the loan amount

• Appraisal Fee: $500–$750

• Home Inspection: $300–$600 (optional but highly recommended)

• Credit Report Fee: $30–$50

• Title Search & Title Insurance: $500–$1,000

• Escrow Fees: $300–$500

• Recording Fees & Transfer Taxes: $100–$250

• Prepaid Expenses: Property taxes, homeowner’s insurance, and mortgage interest

👉 Pro Tip: VA loans and some Arkansas first-time buyer programs limit or reduce closing costs.

💵 Common Seller Closing Costs in Arkansas

Sellers usually cover a different set of expenses, most notably commissions:

• Realtor Commission: Usually 5%–6% of the sale price (split between buyer’s and seller’s agents)

• Owner’s Title Insurance Policy: $500–$1,000

• Recording Fees & Transfer Taxes: $100–$250

• Attorney Fees (if used): $500–$1,500

• Outstanding Liens, HOA Fees, or Property Taxes (if applicable)

🏡 Who Pays What in Arkansas?

• Buyers: Loan fees, appraisal, inspections, lender’s title insurance

• Sellers: Realtor commissions, owner’s title policy, repairs or concessions

💡 Everything is negotiable. In competitive Central Arkansas markets, sellers may agree to cover part of the buyer’s costs.

📈 How to Lower Closing Costs

Yes—you can save money on closing costs in Arkansas!

Here are strategies to try:

• Shop Around: Compare lenders for better origination fees and interest rates

• Negotiate With the Seller: Request concessions to cover part of your costs

• Use Assistance Programs: Arkansas offers first-time buyer down payment and closing cost help

• Review Your Loan Estimate: Check for unnecessary or duplicate fees

✅ Bottom Line

• Buyers in Arkansas usually pay 2%–3% of the purchase price

• Sellers usually pay 4%–6% (including Realtor commissions)

Every transaction is unique. To get an exact estimate:

• Buyers should request a Loan Estimate from their lender

• Sellers should request a Net Sheet from their Realtor

👩‍💼 Need Help With Closing Costs in Central Arkansas?

As a Central Arkansas Realtor®, I guide buyers and sellers through every step of the process—from estimating costs up front to negotiating concessions that save money at the closing table.

📖 If you’re a first-time buyer, don’t miss my Complete Guide to Buying a Home in Central Arkansas