Continuing our look at the best home mortgage rates state-by-state, we turn to Arkansas.  We here at Peak Personal Finance have been asked by our readers what the best home loans in Arkansas are and where they’re found.

The rates we’ll show you here assume a credit score of at least 700, a loan of about $120,000 and a minimum of 5% in down payment plus the ability to pay any fees associated.  Your circumstances will likely vary, but these will give you a general guideline to work from.

For a 30-year fixed rate, the best home mortgage rates in Arkansas are at AimLoan.com with a 5.652% annual percentage rate (APR), $1,995 in fees, no points given, a 60-day lock in period and an estimated monthly payment of about $681.

For a 30-year FHA loan (fixed), AimLoan.com also has the best mortgage rates in Arkansas at the same APR (5.652%), the same $1,995 in fees, a 60-day lock in period, and an estimated payment of $681 with no points.

A 30-year FHA loan is similar at Quicken Loans, with an offer of 5.785% APR, no points given, a 45-day lock in period, $3,685 in fees, and an estimated $681 in monthly payments.  This rate is good down to a 670 score.

Again, your circumstances will vary.  Talk to your financial advisor before locking into any loan agreement to make sure it’s right for you.  Be sure to check here again as we’ll be keeping you posted on the best mortgage rates in Arkansas.