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Boone 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 Boone county. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA house 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 Boone 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 Boone 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 Boone 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 Boone County is $129,638. In addition, the median household income for residents of the county is $45,374.

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 Boone County, there is only one minimal flood hazard area by the Marble Fork canal on the northeast side of the county.

How do I learn about Property Taxes?

  • Brandi Diffey is Boone’s county tax assessor. His office can be reached at 201 N Main St, Harrison, AR 72601, United States. Also, Brandi’s office can be reached by calling (870)-741-3783.
  • For many years, Amendment 79, which was passed by Arkansas voters, is a law that allows a credit of up to $350 on the general taxes of an eligible taxpayer’s primary residence.
  • In Arkansas, veterans can receive tax exemptions. For instance, A disabled veteran who has been awarded special monthly compensation by the Department of Veterans Affairs for service-connected one hundred percent total and permanent disability shall be exempt from payment of all state taxes on the homestead and personal property owned by the veteran.

What is the Population?

  • Boone County’s population is 37,432, which has seen a 1,4% increase over the last 10 years. Moreover, demographically speaking, 93% of the population is white, with 2.6% Hispanic, and 5% mixed race.
  • Most county residents are between 18 and 65 years old, with 22% under 18 years old and 20% older than 65.
  • In total, the county has about 15,034 households, with an average of two people per household.

What are the major cities?

The county has two cities, including the city of Harrison, which serves as the county seat and has become, over the years, a hub of tourism and industry in the region. Other cities in the county include Omaha, Lead Hill, Diamond City, Zinc, Valley Springs, Bellefonte, Bergman, South Lead Hill, Everton.

About San Diego County

Boone County’s main city Harrison has a robust and diverse economy and low unemployment thanks to the large manufacturing industry. The primary economic activities come from wood products, die-casting, trucking, and electronics. Thanks to agriculture, tourism, and a growing retirement population, there are added economic opportunities in the booming Harrison economy.

Outdoor activities and entertainment have a wide variety. For instance, the famous farm of Bear Creek Trout is an entertaining place for the entire family. Crooked Creek has been a frequently visited site for a long time, which helps with Lake Harrison’s formation, which is within walking distance from downtown. Moreover, the 7.5-mile hiking and bike trail compliments this beautiful outdoor experience.

Also, Harrison is an excellent jumping-off point for visiting the Buffalo National River’s towering limestone bluffs, which are the backdrop for hiking, fishing, horseback riding, canoeing, and caving. Plus, visitors can access some famous waterfalls such as Hemmed-in-Hollow, Twin Falls, and Hide-Out Hollow.

Since the city is located on this scenic road, it has become a leading destination for motorcycle travel. A great number of motorcycle riders cruise the roads all around the Ozarks. Harrison is their base during their stay, making this an excellent opportunity to increase tourism.

Finally, Harrison is also home to events such as the State’s Hot Air Balloon Championship, the Independence Day Celebration, the Music Festival Crawdad Days, the Fridays on the Square Cruising-in, and Harvest Homecoming & Hot Rod Festival. This buzzing town host over 75 sports tournaments every year as well.

Veteran Information

Boone County is known as a military town with a current veteran population of 3,056.

  • Boone County is home to three VFW Post 
    • Post 300 Carrollton Post – 2842 CR 912, Alpena, Arkansas 72611.
    • Post 10417 Lead Hill Post – 6966 Milum Drive, Lead Hill, Arkansas 72644.
    • Post-2881 Baughman-Conner Post – 411 South Pine Street, Harrison, Arkansas 72601.
  • VA Medical Centers in the county:
    • VA Outpatient Clinic – 814 Highway 62, Harrison, Arkansas 72601.
  • County Veteran Assistance Information
    • Boone County Veteran Services – 201 North Main Street, Suite 2, Harrison, Arkansas 72601.

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

Name (ID): WHITE OAK STATION (000014)
Address: PO BOX 2061

Status: Accepted Without Conditions
Request Received Date: 07/06/2017
Review Completion Date: 07/30/2017