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Howard 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 Howard 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 Howard 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 Howard 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 Howard 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 Howard County is $83,049. In addition, the median household income for residents of the county is $36,059.

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.
  • There are some minimal flood hazard areas in Howard County by water bodies such as Dierks Lake, Gillham Lake, and Millwood Lake. Also, by some of its attached creeks and streams such as Long Hollow Creek, Thomson Branch, Little Holly Creek.

How do I learn about Property Taxes?

  • Bryan McJunkins is the Howard County tax assessor. His office can be reached at P.O. Box 36, Nashville, Arkansas, 71852. Additionally, Bryan’s office can also be reached by calling (870) 845-7508.
  • The state of Arkansas has excellent programs and laws to create incentives for those who want to invest in the state and create jobs. For example, the Affordable Housing Act provides an income tax credit for any business firm providing affordable housing. The tax credit is limited to 30% of the total amount invested in affordable housing assistance activities.

What is the Population?

  • The county’s population of 13,202 is 63% White, 21% Black, and 13% Hispanic.
  • Most county residents are between 18 and 65 years old, with 26% under 18 years old and 18% older than 65.
  • In total, the county has about 5,142 households, with an average of 2.5 people per household.

What are the major cities?

The county has at least four cities, including Nashville, which serves as the county seat. The other cities and towns essential to the county’s life are Dierks, Mineral Springs, and Tollette.

About Howard County

Howard County, Arkansas, offers several attractions for all tastes and ages. For instance, outdoor enthusiasts enjoy more than a 12-mile stretch of the Cossatot River, located at the Cossatot River State Park and Natural Area. The river is famous for its white-water rapids, perfect for skilled canoeists, kayakers, and playboaters.

Inside this extraordinary park, locals and visitors can enjoy the native species of the Ouachita Mountains. There are more than thirty unique plant and animal species in the region.

Besides, other natural areas include Dierks Lake, Gillham Lake, and Millwood Lake. Some of these spots are perfect for fishing and camping. Moreover, Nashville City Park has a concrete cast of a real dinosaur’s footprint.

Additionally, Howard County is host to several festivals and celebrations throughout the year. On the 2nd weekend of June, Nashville hosts the Dinosaur Festival. In August, the Pine Tree Festival is held at Dierks. In September and October, in Nashville, many enjoy the Howard County Fair and the Golden Gathering.

Finally, there are several Christmas festivals and celebrations all around the cities and communities in Howard County.

Veteran Information

Howard County has a veteran population of 751.

  • County Veteran Assistance Information
    • Howard County Veterans Service Offices – 421 North Main Street, Courthouse, Nashville, Arkansas 71852.

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