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Van Buren 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 Van Buren 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 Van Buren 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 Van Buren 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 Van Buren 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 April 31, 2021, the median home value for Van Buren County is $97,415. In addition, the median household income for residents of the county is $__.

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.
  • Presently, the official channels do not have digital data available for Van Buren County. Yet, there is a possibility to find areas subject to flooding, particularly close to the Greers Ferry Lake and some of its attached streams such as Cadron Creek, Brock Creek, and North Castleberry Creek.

How do I learn about Property Taxes?

  • Emma R. Smiley is the Van Buren County tax assessor. Her office can be reached at 1414 US-65 #117, Clinton, Arkansas, 72031 and by calling (501) 745-2464.
  • The state of Arkansas provides incentives for investments and job-creating companies. For example, they can become eligible for one or more of the following programs: Income Tax credit to qualified companies, Tax Credit based on the percentage of the payroll of any new employees hired (payroll includes wages, overtime, and bonuses, Tax Credit can be earned annually for a period of 5 years, and a company can offset 50% of its income tax liability.

What is the Population?

  • The county’s population of 16,545 is 93% White, 3.2% Hispanic, and 2% 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 6,813 households, with an average of 2.4 people per household.

What are the major cities?

The county has four cities or large communities, including Clinton, which serves as the county seat. Other cities or towns that make up this county are Fairfield Bay, Damascus, and Shirley.

About Van Buren County

Van Buren County was established on November 11, 1833, and is the perfect place to settle down with your family, featuring many local resources and shopping options. A huge diversity of attractions can be found in the county, where people of all ages will have a great time. If you are a fan of the outdoors, then you will love the many scenic parks and waterways in the area. Great food and a great time are waiting at any of the delicious local dining options.

The County Museum is a great place to learn about local history, housing historic tools, clothing, photographs, and more. See all the amazing historic structures featured at Historic Downtown Scotland, some dating back to the early days of Arkansas. Visit the Fairfield Bay Bowling Alley on a weekend night for a fun game of bowling and delicious concessions. Other popular attractions in the county include Wild Goose USA and Studio and Fairfield Bay Mini Golf.

Take in some of the best views of the local landscape at any of the scenic outdoor spots in Van Buren County. Greer’s Ferry Lake is one of the most beautiful outdoor spots in the county and is a local favorite for fishing, boating, and swimming. Take a scenic walk along the shores of Greer’s Ferry Lake.

Enjoy some great camping, hiking, and rock-climbing opportunities at the beautiful Sugarloaf Mountain. Great views of local wildlife are waiting along the trails at Sugarloaf Mountain. More beautiful outdoor spots in the area include the Gulf Mountain Wildlife Management Area and the Little Red River.

Veteran Information

The county is currently home to 1,229 veterans.

  • Perry County is home to two VFW post:
    • Post 4764 Kemp-Bradford Post – 3659 Highway 95, Clinton, Arkansas 72031.
    • Post 4513 Fairfield Bay Post – 2531 highway 330 South, Shirley, Arkansas 72153.
  • County Veteran Assistance Information
    • Van Buren County Veteran Service Office – 1414 highway 65 South, Clinton, Arkansas 72031.

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 available in Van Buren County. However, it is possible to get a condo in the county by putting it through the condo approval process. Call us at (877) 432-5626 and we will assist you through the process.