The Best Mortgage Lenders in Bearden, AR
Compare verified mortgage lenders serving Bearden, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bearden
Featured Mortgage Lenders
Centennial Bank Mortgage
Centennial Bank
Centennial Bank is a highly-rated regional lender with deep roots in Arkansas, serving Bearden and surrounding communities with personalized mortgage solutions. Known for competitive rates and exceptional customer service, they offer a full range of loan products with local decision-making. Their long-standing presence in the state (founded in 1999) and strong community involvement make them a trusted choice for home financing in rural and urban areas alike.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a strong local presence in Arkansas, including service to Bearden. They consistently receive high marks for their efficient processing, competitive rates, and dedicated loan officers. Founded in 1996, they have built a reputation for excellence in customer satisfaction and offer a wide variety of loan programs tailored to individual needs, supported by hundreds of positive reviews from Arkansas homeowners.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a rapidly growing lender with a significant footprint in Arkansas, providing reliable mortgage services to Bearden residents. They emphasize a streamlined process and local expertise, earning high customer ratings for their responsiveness and support. Founded in 2008, they combine modern technology with personal service, offering competitive loan options and a commitment to community engagement, making them a top choice for homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Bearden, AR
What are the current average mortgage rates for homebuyers in Bearden, AR?
Mortgage rates in Bearden typically align with national averages but can vary based on local lender competition and property types. Currently, 30-year fixed rates in the area generally range from 6.5% to 7.2%, though rural property loans might carry slightly higher rates. It's best to check with local Bearden lenders like First State Bank or Southern Bancorp for the most accurate current rates.
Are there any special first-time homebuyer programs available specifically in Bearden?
Yes, Bearden homebuyers can access Arkansas Development Finance Authority (ADFA) programs like the Down Payment Assistance program, which offers up to 4% of the loan amount. Additionally, some local lenders may offer special terms for Bearden residents purchasing within city limits. These programs are particularly valuable given Bearden's affordable housing market where median home prices are below state averages.
How does Bearden's rural location affect mortgage lending requirements?
Bearden's rural classification can actually benefit borrowers through USDA Rural Development loans, which offer 100% financing with no down payment required. However, some conventional lenders may have stricter requirements for property appraisals due to the rural setting. It's important to work with lenders experienced with Ouachita County properties to navigate these considerations.
What unique closing costs should I expect when getting a mortgage in Bearden?
Bearden homebuyers should budget for typical Arkansas closing costs plus some local considerations, including Ouachita County recording fees and potential rural property inspections. Title insurance costs may be slightly lower than urban areas, but you'll want to account for any well or septic certifications that might be required for properties outside city limits.
Are there any local Bearden programs that help with down payments for moderate-income buyers?
While Bearden itself doesn't offer city-specific programs, the ADFA's down payment assistance is widely accessible to Bearden residents. Some local employers, including the school district and major local businesses, may offer housing assistance programs. Additionally, several Arkansas-based credit unions provide special mortgage products for residents of smaller communities like Bearden.
Why Choose a Mortgage Lender in Bearden?
Local Market Knowledge
Lenders who understand Bearden'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 Bearden and get competitive rates on your home loan.