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Baxter County, Arkansas VA Home Loan Information

Table of Contents


What is the VA Loan Limit?

2021 VA Home Loan Limit: $0 down payment up to $5,000,000* (subject to lender limits) /2 open VA loans at one time $548,250 (Call 877-432-5626 for details).

How to Apply for a VA Home Loan?

This is a quick look at how to apply for a VA home loan in Baxter county. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA mortgage loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Baxter County. If you have any questions, you can call us at VA HLC and we’ll help you get started.

  1. Get your Certificate of Eligibility (COE)
    • Give us a call at (877) 432-5626 and we’ll get your COE for you.
  2. Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
  3. Get pre-approved, to get pre-approved for a loan, you’ll need:
    • Previous two years of W2s
    • Most recent 30 days paystubs or LES (active duty)
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info
  4. Find a home
    • We can help you check whether the home is in one of the Baxter County flood zones
  5. Get the necessary inspections
    • Termite inspection: required
    • Well or septic inspections needed, if applicable
  6. Get the home appraised
    • We can help you find a VA-Certified appraiser in Baxter County and schedule the process
    • Construction loan note: Construction permit/appraisal info
      1. Building permit
      2. Elevation certificate
  7. Lock in your interest rates
    • Pro tip: Wait until the appraisal lock in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
  8. Close the deal and get packing!
    • You’re ready to go.

What is the Median Home Price?

As of January 31, 2021, the median home value for Baxter County is $140,213. In addition, the median household income for residents of the county is $42,260.

How much are the VA Appraisal Fees?

  • Single-Family: $500.
  • Individual Condo: $500.
  • Manufactured Homes: $550.
  • 2-4 Unit Multi-Family: $550.
  • Appraisal Turnaround Times: 10 days.

Do I need Flood Insurance?

  • The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.
  • In Baxter County, there are some minimal flood hazard areas, mostly on the whole west side, because of its proximity to North Fork Lake.

How do I learn about Property Taxes?

  • Jayme C. Nicholson is the Baxter county tax assessor. Her office can be reached at 6 E 7th St, Mountain Home, Arkansas 72653. Also, Jayme’s office can also be reached by calling (870) 425-3453.
  • Homeowners in Baxter County who have here their principal place of residence, under Amendment 79, are eligible for a Homestead Credit of up to 350 dollars. Plus, if someone is 65 or older or disabled, according to Social Security Administration, your assessment shall freeze except for any new addition or outbuilding, or significant improvements to it.

What is the Population?

  • The county’s population of 41,932 is 94% White, 2% Hispanic, and 1% Mixed Race.
  • Most county residents are between 18 and 65 years old, with 17% under 18 years old and 31% older than 65.
  • In total, the county has about 18,435 households, with an average of two people per household.

What are the major cities?

The county has 7 cities, including the city of Mountain Home, which serves as the county seat. The six other cities in the county are Briarcliff, Cotter, Gassville, Lakeview, Norfolk, and Salesville.

About Baxter County

Baxter County, Arkansas is a place where tourists and residents enjoy the experience of catching fresh fish such as wild bass, as well floating the rivers, and camping next to the extraordinary scenery provided by the rivers and terrain. More recently, thanks to the formed dams (Norfolk and Bull Shoals) with their resulting remarkable lakes, tourism really flourished, becoming one of the primary activities in the region.

Additionally, resorts, motels, guide services, restaurants, and other businesses have flourished, as tourism became a driving force for the local economy. Granted, tourism is a multimillion-dollar industry for Baxter County.

Furthermore, the county and the surrounding area are an outdoor enthusiast’s dream come true. People from all over the world come to the site to enjoy every outdoor activity they long for. But there is more. Visitors also enjoy fine restaurants, shopping, annual festivals, museums, historic sites, and national, state, and local parks for stimulating outdoor activities.

Veteran Information

Baxter County is known as a military town with a current veteran population of 4,670.

  • Baxter County is home to two VFW Post 
    • Post 3246 Ozark Post – 214 West 7th Street, Mountain Home, Arkansas 72653.
    • Post 5742 Smith-Johnson Post – 1779 Harding Blvd. Cotter, Arkansas 72626.
  • VA Medical Centers in the county:
  • County Veteran Assistance Information

VA Home Loan Information

  • For more information about VA Home Loans and how to apply, click here.
  • If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government-guaranteed home loans available.  
  • VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.

VA Approved Condos

Currently, there are no VA-approved condos available in Baxter County. For more information about VA home loans give us a call at (877) 432-5626.