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Sharp 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 Sharp 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 Sharp 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 Sharp 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 Sharp 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 Sharp County is $82,553. In addition, the median household income for residents of the county is $34,671.

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 Sharp County, there are some minimal flood hazard areas. Particularly on the north side of the county where some water bodies and waterways are located, such as Lake Thunderbird, Spring River, and some other attached streams.

How do I learn about Property Taxes?

  • Kathy Nix is the Sharp County tax assessor. Her office can be reached at 718 Ash Flat Dr. N, Ash Flat, Arkansas, 72513. Additionally, Kathy’s office can also be reached by calling (870) 994-7334.
  • As a homeowner, Amendment 79 and Act 142 provide that tax relief to make them eligible to receive up to $350.00 tax credit on the property that is their principal residence. Also, homeowners who are 65 years of age or older or 100% disabled may receive a freeze on their assessed value, so their taxes do not increase over the years. Mobile homeowners are also eligible

What is the Population?

  • The county’s population of 17,442 is 92% White, 2.6% Hispanic, and 2.1% Mixed Race.
  • Most county residents are between 18 and 65 years old, with 20% under 18 years old and 26% older than 65.
  • In total, the county has about 7,447 households, with an average of 2.2 people per household.

What are the major cities?

The county has at least 7 large cities or towns, including Ash Flat, which serves as the county seat. Other cities and towns making up the county are Evening Shade, Highland, Williford, Sidney, Cherokee Village, and Hardy.

About Sharp County

In Sharp County, there is something for everyone, thanks to the huge variety of local resources and things to do! The county offers a huge variety of indoor attractions, including art galleries and museums. If you are interested in local history, then be sure to visit all the amazing historical landmarks and structures. Sharp County was officially founded on July 18, 1868, and was named after Ephraim Sharp, who served as a state legislator.

There are beautiful outdoor spots in Sharp County, perfect for enjoying the nice Arkansas weather. The majestic Spring River flows through the county and is a great place for canoeing, kayaking, and rafting. The Spring River also features several great spots for fishing and swimming.

Mammoth Spring State Park offers some of the best views of the local landscape and is home to miles of scenic trails and beautiful campsites. The park also features a 10-acre lake, great for fishing and boating. Mammoth Spring State Park also features picnic shelters, ball fields, and playground equipment.

The county also hosts several amazing performances hosted at the Art Center of North Arkansas, including musical performances, plays, dance recitals, and more. The Art Center also features art showcases and art workshops.

Avid golfers and those looking to start are sure to enjoy the many beautiful courses in the area including the South Course and the North Course. The county is also home to and nearby many shopping, dining, and entertainment options.

Learn about local history while seeing amazing architecture at any of the historical landmarks in Sharp County. A beautiful historic home, the Sherman and Merlene Bates House has been standing in the county since 1947 and was added to the National Register of Historic Places in 2002.

Veteran Information

The county is currently home to 1,840 veterans.

  • Perry County is home to two VFW post:
    • Post 4772 Highland Memorial Post – 1998 Highway 62, Highland, Arkansas 72642.
    • Post 8042 Anderson-Sharp-Kent Post – 94 Veterans Drive, Evening Shade, Arkansas 72532.
  • County Veteran Assistance Information

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 counties in Sharp County. It is possible to get a condo through the condo approval process, just give us a call at (877) 432-5626.