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Grant 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 Grant 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 Grant 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 Grant 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 Grant 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 February 28, 2021, the median home value for Grant County is $164,404. In addition, the median household income for residents of the county is $55,388.

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 Grant County, there are some minimal flood hazard areas. Particularly on the northeast side in areas surrounding the Town Branch and by Deer Creek, which travels from south to north of the county.

How do I learn about Property Taxes?

  • Kristy Pruitt is the Grant county tax assessor. Her office can be reached at 101 W Center, Room 102, Sheridan, Arkansas, 72150. Additionally, Kristy’s office can also be reached by calling (870)-942-3711.
  • In Arkansas, homeowners may receive a homestead property tax credit of up to $375 per year and must apply for the credit with the county assessor’s office to receive such a benefit.
  • Furthermore, this benefit for homeowners is for those who are the property’s record owner, a buyer under a recorded sales contract, or a person holding a registered life estate in the property. Also, nursing homes or retirement center residents who still own their residence may continue to qualify for the homestead tax credit under certain circumstances.

What is the Population?

  • The county’s population of 18,265 is 92% White, 3% Hispanic, and 3% Black.
  • Most county residents are between 18 and 65 years old, with 22% under 18 years old and 18% older than 65.
  • In total, the county has about 6,863 households, with an average of 2.6 people per household.

What are the major cities?

The county has 5 cities, including the city of Sheridan, which serves as the county seat. Other important cities and towns are Prattsville, Poyen, Leola, and Tull.

About Grant County

Grant County, Arkansas, is home to some popular activities from hunting to fishing to boating along the Saline River and at Jenkins Ferry State Park, a historic site from the Civil War. Exhibits at the Grant County Museum feature items from early Indian cultures, including Quapaw and Caddo, and Cherokee and Choctaw, who were forced to moved but who owned territories in the region during the 1800s.

Grant County is proud to feature its beautiful courthouse made with red brick, giving it a magnificent vintage look. It preserves corner markers from 1910, such as the county’s first public clock.

Timerfest is an annual event held the first weekend of October in downtown Sheridan, Arkansas. Here, locals and visitors find Lumberjack Competitions, games, and fun for children of all ages, arts, 5K marathon, a parade, and much more.

The Ancient Power Show is an event organized each year by the Central Arkansas Antique Machinery and Historical Society that exhibits tractors, antique engines, vehicles, and other items for farming. Plus, there is a bake sale and a swap meet during this event.

Veteran Information

Grant County has a veteran population of 1,367.

  • County Veteran Assistance Information
    • Grant County Veterans Service Office – 1301 South Rock Street, Sheridan, Arkansas 72150.

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 Grant County Arkansas. For more information about the VA condo approval process give us a call at (888)573-4496.