The Best Mortgage Lenders in Alicia, AR
Compare verified mortgage lenders serving Alicia, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Alicia
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service, competitive rates, and extensive loan options. With over 25 years of experience, they have a strong regional presence in Arkansas, including service to Alicia, and are praised for their efficient processing and personalized approach, making them a trusted choice for homebuyers.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its fast closing times, transparent communication, and customer-centric services. Founded in 2008, they have built a solid reputation in Arkansas, including the Alicia area, with a focus on streamlining the mortgage process and offering competitive rates, backed by strong customer satisfaction reviews.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate combines digital innovation with personalized service, offering competitive rates and a seamless mortgage experience. With over two decades in business, they serve Alicia and surrounding areas in Arkansas, and are known for their reliability, extensive loan products, and high customer satisfaction, making them a preferred lender for many homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Alicia, AR
What are the current average mortgage rates for homebuyers in Alicia, AR?
Mortgage rates in Alicia typically align with national averages but can be slightly lower due to the area's rural classification. As of recent data, 30-year fixed rates in Alicia generally range from 6.5% to 7.25%, though individual rates depend on credit score and loan type. Local lenders often offer competitive rates for this region of Arkansas.
Are there any first-time homebuyer programs specifically available in Alicia?
Yes, Alicia homebuyers can access the Arkansas Development Finance Authority's (ADFA) Down Payment Assistance program, which provides up to 4% of the loan amount for qualified buyers. Additionally, the USDA Rural Development loan is particularly relevant for Alicia properties since the town qualifies for this zero-down-payment program.
How does Alicia's rural location affect mortgage lending options?
Alicia's rural designation opens access to USDA loans, which require no down payment and offer competitive rates for eligible borrowers. Many local lenders are experienced with agricultural and rural property financing, though appraisals may require specialists familiar with rural Arkansas property values.
What are the typical closing costs for mortgages in Alicia, Arkansas?
Closing costs in Alicia typically range from 2% to 5% of the home's purchase price, similar to statewide averages. Local factors include Arkansas's mortgage registration tax and title insurance rates specific to Lawrence County. Many Alicia lenders can provide detailed closing cost estimates early in the process.
Are there any local property tax considerations I should know about when getting a mortgage in Alicia?
Alicia homeowners benefit from relatively low property tax rates compared to national averages, with Lawrence County rates around 0.62% of assessed value. Your mortgage lender will include these taxes in your monthly escrow payments, and first-time buyers may qualify for Arkansas's homestead tax credit.
Why Choose a Mortgage Lender in Alicia?
Local Market Knowledge
Lenders who understand Alicia's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Arkansas.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Alicia and get competitive rates on your home loan.