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For most people, finding the right home in Fayetteville, Arkansas is just the first step. Finding the right financing to buy a home is essential to make the home purchase occur! A home buyer has a choice of local mortgage lenders and national lenders advertising on the Web. Many home buyers find that using local Fayetteville, Arkansas lenders (with rates very comparable to online mortgage brokers) help ease some of the stress of moving. Home buyers have more personal service, and the mortgage companies have a better relationship with appraisers and other real estate professionals. Ask about adjustable rate loans if you are guaranteed to be relocated out of Fayetteville within the next 5 years. I had a friend who found a 40 year adjustable with 5 year fixed rate. He knew that he had guaranteed relocation buy-out at the end of his assignment so he wasn’t worried about building equity. He ended up paying less than half in a mortgage payment than he would have paid in rent! Short on cash? There are many mortgage lenders in Fayetteville that now offer 100% financing – no down payment certainly helps keep moving expenses down!
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Fayetteville is located at 36°4'35?N, 94°9'39?W (36.076379, -94.160912)GR1. According to the United States Census Bureau, the city has a total area of 115.2 km² (44.5 mi²). 112.5 km² (43.4 mi²) of it is land and 2.8 km² (1.1 mi²) of it (2.40%) is water. Fayetteville is in the Ozark Mountains. Fayetteville was also the first home of Bill and Hillary Clinton while they both taught law at the University of Arkansas School of Law. As of the census of 2000, there were 58,047 people, 23,798 households, and 12,136 families residing in the city. The population density was 516.1/km² (1,336.6/mi²). There were 25,467 housing units at an average density of 226.4/km² (586.4/mi²). The racial makeup of the city was 86.50% White, 5.11% Black or African American, 1.26% Native American, 2.56% Asian, 0.16% Pacific Islander, 1.99% from other races, and 2.42% from two or more races. 4.86% of the population were Hispanic or Latino of any race. -- Source: Wikipedia.com
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Census Data for Fayetteville, Arkansas
| Fayetteville | Arkansas | United States | |
| Population | 58,047 | 2,673,400 | 281,421,906 |
| Median age | 26.9 | 36 | 35.3 |
| Median age for Male | 26.2 | 34.6 | 34 |
| Median age for Female | 27.9 | 37.4 | 36.5 |
| Households | 23,798 | 1,042,696 | 105,480,101 |
| Household population | 52,697 | 2,599,492 | 273,643,273 |
| Average household size | 2.21 | 2.49 | 2.59 |
| Families | 12,126 | 732,261 | 71,787,347 |
| Average family size | 2.91 | 2.99 | 3.14 |
| Housing units | 25,467 | 1,173,043 | 115,904,641 |
| Occupied units | 23,798 | 1,042,696 | 105,480,101 |
| Vacant units | 1,669 | 130,347 | 10,424,540 |
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