Skip to content
Purchase Mortgage Loan
Get Pre-Approved

First-time home buyer programs in Cabot, AR

Quick answer

First-time buyers in Cabot, AR can use 3%-down conventional loans (up to the $832,750 Lonoke County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 1 verified city, county or statewide assistance program. On the $197,000 median home, 3% down is about $5,910 and the estimated payment is $1,624/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $72,656; value-to-income ratio 2.71. Cabot ranks 17 by home value and 19 by population among 39 places in our AR dataset.

What does a first-time buyer loan cost on a typical Cabot home?

ItemCabot
Median home value (Census ACS)$197,000
Arkansas median home value$175,300
Down payment (3%)$5,910
Loan amount$191,090
Estimated monthly payment (PITI + MI)$1,624
Income needed (28% / 36%)$70,000 / $55,000
Lonoke County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Arkansas's 0.57% effective property tax rate (Census ACS), $1,870/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Cabot?

Cabot is in Lonoke County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $541,287.

The Cabot median home value of $197,000 is 12% above the Arkansas median, and within what the county limit supports.

Which down payment assistance programs can Cabot buyers use?

First-time buyer loans in nearby cities

JacksonvilleSherwoodNorth Little RockMaumelleSearcyLittle Rock

First-time buyer loan FAQs for Cabot

On the $197,000 median: 3% conventional ≈ $5,910, 3.5% FHA ≈ $6,895, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Lonoke County become jumbo loans.

At the $197,000 median value (above the Arkansas median of $175,300), the estimated payment of $1,624/month at 7.18% needs about $70,000 a year under the 28% housing guideline, or $55,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

Get matched with First-time buyer lenders in Cabot

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.