The Best Mortgage Lenders in Boles, AR
Compare verified mortgage lenders serving Boles, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Boles
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank is one of the most established and highly-rated regional lenders serving western Arkansas, including Scott County where Boles is located. With numerous branches throughout the region and specialized mortgage divisions, they offer personalized service combined with the stability of a community-focused bank. Their mortgage team has extensive experience with rural properties and USDA loans, which are particularly relevant for Boles area homebuyers. Customers consistently praise their competitive rates, local decision-making, and thorough guidance through the entire mortgage process.
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Bank of England Mortgage
Bank of England Mortgage
Bank of England Mortgage has built an exceptional reputation across Arkansas with particularly strong expertise in rural and small-town lending. They maintain a dedicated team that specializes in USDA loans, making them an ideal choice for Boles residents seeking rural development financing. Their high rating reflects consistently excellent customer service, with clients noting their responsiveness, transparency, and ability to close loans efficiently. As an Arkansas-based mortgage lender, they understand the local market dynamics and property types common in the Boles area.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation maintains a strong presence throughout Arkansas with local loan officers who regularly serve the western Arkansas region including Boles. They are particularly noted for their competitive rates and wide variety of loan programs suitable for both rural and suburban properties. The company has received multiple national awards for customer satisfaction and consistently earns high marks for their educational approach to mortgage lending. Their local team has specific experience with properties in Scott County and surrounding areas, ensuring smooth transactions for Boles homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Boles, AR
What are the current average mortgage rates for homebuyers in Boles, AR?
Mortgage rates in Boles typically align with national averages but can vary slightly based on local lenders. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.25%, though rates can be lower for borrowers with excellent credit. It's best to check with local banks and credit unions like Chambers Bank or First National Bank of Fort Smith for the most current Boles-specific rates.
Are there any first-time homebuyer programs specifically available in Boles?
Yes, Boles residents can access the Arkansas Development Finance Authority's (ADFA) First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for Boles buyers, particularly given the area's rural designation which can qualify residents for USDA loans with zero down payment options.
How does Boles' rural location affect my mortgage options?
Boles' rural designation makes many properties eligible for USDA loans, which require no down payment and offer competitive rates. This can be particularly advantageous given the area's moderate home prices. Many lenders serving Scott County also have experience with rural property financing, though you may want to verify property eligibility with local USDA Rural Development offices.
What should I know about property taxes when getting a mortgage in Boles?
Scott County, where Boles is located, has relatively low property tax rates compared to national averages, typically around 0.62% of assessed value. Your mortgage lender will include these taxes in your monthly escrow payment. It's important to note that while taxes are generally affordable, they can vary slightly between different areas within the county.
Are there local lenders in Boles that specialize in rural property mortgages?
While Boles itself has limited banking institutions, nearby communities like Waldron and Mansfield have local banks and credit unions familiar with rural property financing in the area. Institutions like First State Bank of DeQueen and Waldron Federal Savings & Loan have extensive experience with the unique aspects of financing homes in rural Scott County communities like Boles.
Why Choose a Mortgage Lender in Boles?
Local Market Knowledge
Lenders who understand Boles'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 Boles and get competitive rates on your home loan.