Table of Contents
- What is the VA Loan Limit?
- How to Apply for a VA Home Loan?
- What is the Median Home Price?
- What are the VA Appraisal Fees?
- Do I need Flood Insurance?
- How do I learn about Property Taxes?
- What is the Population?
- What are the major cities?
- About Randolph County
- Veteran Information
- Apply for a VA Home Loan
- VA Approved Condos
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 Randolph 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 Randolph County. If you have any questions, you can call us at VA HLC and we’ll help you get started.
- Get your Certificate of Eligibility (COE)
- Give us a call at (877) 432-5626 and we’ll get your COE for you.
- Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
- 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
- Find a home
- We can help you check whether the home is in one of the Randolph County flood zones
- Get the necessary inspections
- Termite inspection: required
- Well or septic inspections needed, if applicable
- Get the home appraised
- We can help you find a VA-Certified appraiser in Randolph County and schedule the process
- Construction loan note: Construction permit/appraisal info
- Building permit
- Elevation certificate
- 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.
- Close the deal and get packing!
- You’re ready to go.
What is the Median Home Price?
As of March 31, 2021, the median home value for Randolph County is $92,063. In addition, the median household income for residents of the county is $37,218.
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 and regulatory floodways in Randolph County, particularly by some waterways such as the Black River that flows through as a significant portion of the county and its attached streams. Other areas are located by Fourche River, Spring River, and Eleven Point River.
How do I learn about Property Taxes?
- Stacy M. Ingram is the Randolph County tax assessor. Her office can be reached at 107 W Broadway St, Pocahontas, Arkansas, 72455. Additionally, Stacy’s office can also be reached by calling (870) 892-3200.
- Arkansas has excellent programs for those who want to invest in the state and create jobs. For example, the Consolidated Incentive Act 182 provides an income tax credit to an eligible company for creating new jobs after the company has signed a financial incentive agreement with the Economic Development Commission from the state. Thus, the income tax credit earned is a percentage of the new full-time permanent employees’ annual payroll and is earned each tax year for 5 years. If a credit is unused, it may be carried forward for 9 years beyond the year when the credit was first earned
What is the Population?
- The county’s population of 17,958 is 92% White, 2.2% Hispanic, and 1.8% Native Hawaiian.
- Most county residents are between 18 and 65 years old, with 23% under 18 years old and 19% older than 65.
- In total, the county has about 7,355 households, with an average of 2.3 people per household.
What are the major cities?
The county has at least 5 large cities and communities, including Pocahontas, which serves as the county seat. Other cities and towns making up the county are Maynard, Ravenden Springs, Reyno, Biggers, and O’Kean.
About Randolph County
Officially founded on October 29, 1835, Randolph County was named after John Randolph, who served on the United States House of Representatives. Located on the northern edge of Arkansas the county is known for its scenic outdoor spots including state parks, rivers, as well as excellent shopping, dining, and entertainment options.
Nature-lovers are sure to enjoy the many scenic outdoor spots in Randolph County. The Black River is one of the largest waterways flowing through the county and is a local favorite for fishing, canoeing, kayaking, and more. Many scenic hiking and biking trails can be found in the area, where you can get great views of local wildlife and waterways.
The Eleven Point River is another beautiful local waterway and provides excellent views of local mountains and forests. The county is also home to many beautiful campsites, hunting grounds, mountains, and more.
Residents and visitors are sure to have a great time at any of the exciting attractions in Randolph County. The local Aquatic Center features an Olympic-sized pool, perfect for swimming on a hot day. The Aquatic Center also features outdoor pools and water slides. For an amazing live performance, be sure to visit the Downtown Playhouse, which provides delicious desserts and coffee.
Furthermore, Randolph County is rich in history, giving it some of the area’s most amazing historical landmarks. The Randolph County Heritage Museum is home to many interesting historical artifacts, including artifacts from early European and African settlers. The Rendezvous Event Center is housed within a beautiful historic structure and is the perfect place to host a wedding and reception.
The county is currently home to 1,105 veterans.
- Perry County is home to one VFW post:
- Post 4556 Promberger-Traw Post – 5346 Highway 115, Pocahontas, Arkansas 72455.
- VA Medical Centers in the county:
- Pocahontas Community-Based Outpatient Clinic – 300 Camp Road, Pocahontas, Arkansas 72455.
- County Veteran Assistance Information
- Randolph County Veteran Service Office – 101 E. Broadway Street, Pocahontas, Arkansas 72455.
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
Today, there are no VA-approved condos in Randolph County. Although it is possible to get a condo approved, all you have to do is put the county through the condo approval process. Call us at (877) 432-5626 and we can help you through the process.