The Best Mortgage Lenders in Calico Rock, AR
Compare verified mortgage lenders serving Calico Rock, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Calico Rock
Featured Mortgage Lenders
First Community Bank Mortgage Team
First Community Bank
First Community Bank is a highly-rated local community bank with deep roots in the Mountain View area, serving Calico Rock and surrounding Izard County communities. They have built an exceptional reputation for personalized mortgage services with local decision-making and understanding of rural property financing needs. Their mortgage team offers competitive rates with the flexibility of a community bank while providing comprehensive loan options including USDA loans ideal for the Calico Rock area. Customers consistently praise their responsive service, local expertise, and smooth closing processes.
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Arvest Bank Mortgage Division
Arvest Bank
Arvest Bank is one of the largest and most established regional banks serving northern Arkansas, including Calico Rock in Izard County. With multiple nearby branches in Batesville and Mountain View, they offer extensive mortgage expertise with the stability of a regional financial institution. Their mortgage division receives high marks for competitive interest rates, efficient processing, and knowledgeable local loan officers who understand rural Arkansas property financing. Arvest is particularly noted for their first-time homebuyer programs and comprehensive digital mortgage application tools combined with local service.
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Academy Bank Mortgage Services
Academy Bank, N.A.
Academy Bank has been serving north-central Arkansas communities for decades, with a strong presence in Izard County and surrounding areas including Calico Rock. They are particularly well-regarded for their expertise in rural property financing and USDA loans, which are highly relevant for the Calico Rock market. The bank maintains a community-focused approach with local decision-making authority, while offering competitive rates and a wide range of mortgage products. Customers consistently praise their personalized service, attention to detail, and understanding of local real estate market conditions.
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Frequently Asked Questions
Common questions about mortgage lending in Calico Rock, AR
What are current mortgage rates like for homes in Calico Rock, AR?
Mortgage rates in Calico Rock typically align with national averages but can be slightly lower due to the rural nature and lower cost of living. As of recent trends, 30-year fixed rates often range between 6.5% and 7%, but local lenders like First Service Bank or Liberty Bank may offer competitive rates specific to Izard County. It's wise to compare both local and online lenders for the best terms.
Are there any first-time homebuyer programs available specifically in Calico Rock?
Yes, the Arkansas Development Finance Authority (ADFA) offers first-time homebuyer programs with down payment assistance and competitive rates, accessible to Calico Rock residents. Additionally, some local lenders may have special programs for teachers, veterans, or low-to-moderate income buyers in Izard County. These programs can make homeownership more affordable in Calico Rock's market.
How does Calico Rock's rural location affect the mortgage approval process?
Calico Rock's rural setting may require additional steps like ensuring the property has access to utilities like water and sewer, which can impact loan eligibility. USDA loans are particularly advantageous here since much of Izard County qualifies for these zero-down-payment rural development loans. Appraisals might also take slightly longer due to fewer local appraisers.
What types of properties in Calico Rock might qualify for renovation loans?
Many homes in Calico Rock are older or historic, making FHA 203(k) or Fannie Mae HomeStyle renovation loans useful for properties needing updates. These loans are ideal for fixer-uppers common in areas like downtown Calico Rock or along the White River. Local lenders can help assess if a property meets criteria for these programs.
Are property taxes in Calico Rock factored into mortgage calculations?
Yes, Izard County property taxes are generally low compared to national averages, which can keep overall monthly mortgage payments affordable. Lenders will include estimated property taxes in your escrow account, and rates in Calico Rock are around 0.5% of assessed value. This makes budgeting for a home in Calico Rock more manageable for many buyers.
Why Choose a Mortgage Lender in Calico Rock?
Local Market Knowledge
Lenders who understand Calico Rock'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 Calico Rock and get competitive rates on your home loan.