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Johnson 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 Johnson County. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA home 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 Johnson 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 Johnson 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 Johnson 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 Johnson County is $108,316. In addition, the median household income for residents of the county is $38,511.

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 Johnson County, particularly by the Arkansas River on the county’s south side. Also, by some of the creeks flowing from it, such as Little Piney Creek and Mulvey River on the north side.

How do I learn about Property Taxes?

  • Jill Tate is the Johnson County tax assessor. Her office can be reached at 215 W Main St, Clarksville, Arkansas, 72830. Additionally, Jill’s office can also be reached by calling (479) 754-3863.
  • 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 26,578 is 80% White, 14% Hispanic, and 3% Asian.
  • Most county residents are between 18 and 65 years old, with 24% under 18 years old and 16% older than 65.
  • In total, the county has about 9,682 households, with an average of 2.6 people per household.

What are the major cities?

The county has at least 5 towns cities, including Clarksville, which serves as the county seat. Other cities and towns within the county are Coal Hill, Hartman, and Knoxville.

About Johnson County

Johnson County, Arkansas is home to the college of Ozarks which plays a significant role in providing excellent academic formation. Additionally, in 1948, the University of Arkansas opened a campus in the county to provide education, particularly on agriculture and crops.

Consequently, agriculture and farming are major economic activities in the region. Apples, peaches, and pears are among the premium harvested products. Besides, poultry and related products provide a significant number of jobs in the county. Other important economic sectors are the brick industry, transportation, and, of course, education.

Since a vast area of the county is covered by Ozark National Forrest and the Arkansas River, locals and visitors can experience a variety of outdoor activities such as fishing, hiking, boating, and camping. Other popular sites are Lake Dardanelle and Clarksville.

One of the most annual festivals held at Johnson County is obviously the Peach Festival, which takes place in July.

For history enthusiasts, Johnson County offers more than twenty sites that are part of the National Register of Historic Places, including Big Piney Creek Bridge, the McKennon House, and a Missouri-Pacific depot.

Veteran Information

Johnson County has a veteran population of 1,688.

  • Johnson County is home to one VFW post
    • Post 8532 Coal Hill Post – 1205 Carolina Street, Coal Hill, Arkansas 72832.
  • County Veteran Assistance Information
    • Johnson County Veterans Office – 215 West Main Street, Clarksville, Arkansas 72830.

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

There are currently no VA approved condos available in Johnson County. However, it is possible to get a condo approved through the condo approval process. Call us at (877) 432-5626 and we will help you through the process.