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Searcy 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 Searcy 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 Searcy 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 Searcy 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 Searcy 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 March 31, 2021, the median home value for Searcy County is $89,082. In addition, the median household income for residents of the county is $36,438.

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.
  • At the moment, there is no digital data available for Searcy County. Yet, there could be some minimal flood hazard areas, particularly at zones close to the Buffalo River, which runs on the north side of the county and Middle Fork Little Red River, and some of their attached streams such as Bear Creek and Calf Creek.

How do I learn about Property Taxes?

  • Kenny Cassell is the Searcy County tax assessor. His office can be reached at 200 North Highway 27, Marshall, Arkansas, 72650. Additionally, Kenny’s office can also be reached by calling (870) 448-2464.
  • The state of Arkansas provides programs and tax credits to incentivize job growth. For instance, Act 1042 of 2017 provides an income tax credit for each qualified youth apprentice who is at least 16 years of age and is employed to learn an occupation or is currently an apprenticeship or is at a work-based learning program.

What is the Population?

  • The county’s population of 7,881 is 92% White, 2.8% Hispanic, and 2.5% Mixed Race.
  • Most county residents are between 18 and 65 years old, with 19% under 18 years old and 26% older than 65.
  • In total, the county has about 3,327 households, with an average of 2.3 people per household.

What are the major cities?

The county has at least two large cities, Leslie and Marshall, the latter also serving as the county seat.

About Searcy County

Located in northern Arkansas, Searcy County is a beautiful place to call home, thanks to its many local attractions, including museums and music venues. Founded on December 13, 1838, all your favorite outdoor activities can also be enjoyed at any of the scenic outdoor spots in Searcy County. Also, the county possesses a rich history and is thus home to many notable historical landmarks and structures.

The Kendra Drive-In is a popular place on weekend nights, which showcases the latest Hollywood blockbusters and hosts summer events. If you are a fan of Agri-tourism, then be sure to visit all the local farms, including Ratchford Farms and Berryhill Farms. Attend all the exciting events hosted at the Ozark Heritage Arts Center, including musical acts and dance recitals. Other popular local attractions include the Gilbert General Store and the Tyler Bend Visitor Center.

Visit all the scenic outdoor spots in Searcy County, where you can take in some of the best views of the local landscape. The Ozark National Forest is partly located in the county and is the best place to take in scenic views. Home to miles of scenic trails, the Forest is great for hiking, mountain biking, and bird watching. The Buffalo National River provides excellent opportunities for fishing, canoeing, and kayaking.

Finally, learn about local history while seeing amazing architecture at any of the historical landmarks in Searcy County. The Aday-Stephenson House is a beautiful historic home that has been standing in the county since 1903 and was added to the National Register of Historic Places on December 2, 1993. Other historical landmarks in the area include the Bromley-Mills-Treece House and Noah Bryan Store.

Veteran Information

The county is currently home to 682 veterans.

  • Perry County is home to two VFW post:
    • Post 3252 Marshall Dusty Helmet Post – 108 Noah Horton Memorial Drive, Marshall, Arkansas 72650.
    • Post 12127 Adams & Morrison Post – 212 Oak Street, Leslie, Arkansas 72645.
  • County Veteran Assistance Information
    • Searcy County Veterans Services Office – Zack Road, Marshall, Arkansas 72650.

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 no VA-approved condos currently available in Searcy County. However, it is important to note that you can still get a condo through the condo approval process. All you have to do is give us a call at (877) 432-5626.