The Best Mortgage Lenders in Barton, AR
Compare verified mortgage lenders serving Barton, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Barton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years in business, they have a strong presence in Arkansas, including service to Barton through their Little Rock office. They are highly regarded for their fast loan processing, personalized approach, and wide range of mortgage options, making them a preferred choice for homebuyers in rural areas. Their high ratings stem from consistent positive feedback on reliability and community involvement.
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First Community Bank
First Community Bank
First Community Bank is a highly respected regional bank with deep roots in eastern Arkansas, serving Barton and surrounding areas. Founded in 1999, they offer personalized mortgage solutions with a focus on community banking values. Customers praise their competitive rates, local expertise, and attentive customer service. With 25 years of experience, they have built a reputation for reliability and strong customer satisfaction, particularly in rural markets like Phillips County.
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New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong track record of serving Arkansas communities, including Barton. Founded in 2003, they are praised for their diverse loan programs, competitive rates, and innovative online tools that simplify the mortgage process. Their high customer ratings reflect responsive service and flexibility, especially for first-time homebuyers and those in underserved areas. They leverage technology to provide efficient remote services while maintaining a personal touch.
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Frequently Asked Questions
Common questions about mortgage lending in Barton, AR
What are the current average mortgage rates for homebuyers in Barton, AR?
Mortgage rates in Barton 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 generally range from 6.5% to 7.25%, though individual rates depend on credit score and loan type. Local lenders like those in nearby El Dorado often offer competitive rates specifically for Arkansas residents.
Are there any first-time homebuyer programs specifically available in Barton?
Yes, the Arkansas Development Finance Authority (ADFA) offers several first-time homebuyer programs accessible to Barton residents, including down payment assistance and favorable mortgage rates. Additionally, USDA loans are particularly relevant here since Barton qualifies for rural development loans with zero down payment requirements, making homeownership more accessible.
How does Barton's rural location affect my mortgage options?
Barton's rural designation makes you eligible for USDA loans, which offer 100% financing with no down payment—a significant advantage. Local lenders are also familiar with property types common in the area, such as manufactured homes on owned land, and can guide you on specific loan requirements for these properties that might differ from urban areas.
What should I know about property taxes and insurance when getting a mortgage in Barton?
Property taxes in Barton and surrounding Union County are relatively low compared to national averages, which can help with overall mortgage affordability. However, homeowners insurance may be slightly higher due to the area's exposure to weather risks like tornadoes, so it's important to factor this into your monthly payment estimates when speaking with lenders.
Are there local lenders in Barton who understand the specific real estate market?
While Barton itself has limited lender offices, nearby communities like El Dorado and Warren have several local banks and credit unions familiar with Barton's market dynamics. These institutions often have better insight into property valuations in the area and may offer more flexible terms for local borrowers compared to national banks.
Why Choose a Mortgage Lender in Barton?
Local Market Knowledge
Lenders who understand Barton'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 Barton and get competitive rates on your home loan.