The Best Mortgage Lenders in Cash, AR
Compare verified mortgage lenders serving Cash, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cash
Featured Mortgage Lenders
Mortgage Solutions of Arkansas
Mortgage Solutions of Arkansas
Mortgage Solutions of Arkansas is a highly-rated local mortgage broker serving Northeast Arkansas, including Craighead County where Cash is located. They specialize in personalized service for rural and small community homebuyers, with particular expertise in USDA loans which are ideal for the Cash area. Their team has deep local market knowledge and maintains a perfect 5-star rating on multiple review platforms, with customers praising their responsiveness, competitive rates, and ability to navigate complex rural property transactions.
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First Community Bank
First Community Bank
First Community Bank is a well-established regional bank with strong presence throughout Northeast Arkansas, including service to Cash residents. As a community-focused institution, they offer competitive mortgage rates and personalized lending services. Their mortgage team has extensive experience with rural property financing and offers both in-person and digital mortgage options. The bank maintains an excellent reputation for customer service and local decision-making, with many long-term customers praising their reliability and community commitment.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage is a nationally recognized mortgage lender with strong Arkansas presence that serves the Cash area through their local loan officers. While headquartered in Tennessee, they have dedicated Arkansas-based teams familiar with rural property financing. They're particularly renowned for their educational approach to mortgage lending and exceptional customer service ratings. Churchill specializes in all major loan types with particular expertise in government-backed loans suitable for rural communities like Cash, and they maintain consistently high ratings across multiple review platforms.
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Frequently Asked Questions
Common questions about mortgage lending in Cash, AR
What are the current mortgage interest rates like for homes in Cash, AR?
Mortgage rates in Cash, AR typically align with national averages but can be slightly lower due to the rural nature of the area and lower property values. As of late 2023, rates for 30-year fixed mortgages in Cash generally range from 6.5% to 7.5%, but it's best to check with local lenders like First National Bank of Lawrence County or Southern Bank for the most current rates specific to Craighead County.
Are there any special loan programs available for first-time homebuyers in Cash?
Yes, first-time homebuyers in Cash can access the Arkansas Development Finance Authority's (ADFA) mortgage programs, which offer competitive interest rates and down payment assistance. Additionally, USDA loans are particularly relevant in Cash due to its rural designation, offering 100% financing options for eligible borrowers in this qualifying area.
How does Cash's rural location affect the mortgage process and available loan options?
Cash's rural classification makes many properties eligible for USDA loans, which require no down payment and have flexible credit guidelines. However, appraisals might take slightly longer as appraisers often need to travel from larger nearby cities like Jonesboro. Some conventional lenders may have stricter requirements for rural properties, so working with local banks familiar with the area is advantageous.
What should I know about property taxes and insurance when getting a mortgage in Cash?
Property taxes in Cash are relatively low compared to urban areas in Arkansas, with Craighead County rates typically around 0.62% of assessed value. Homeowners insurance is generally affordable but may include additional coverage for weather risks common in Northeast Arkansas, such as wind and hail damage. Your lender will help you escrow these payments with your monthly mortgage.
Are there any local down payment assistance programs specifically for Cash homebuyers?
While Cash itself doesn't offer city-specific programs, homebuyers can utilize Craighead County's partnership with the ADFA, which provides down payment assistance grants up to 4% of the loan amount. The USDA Section 502 Direct Loan Program is also widely used in Cash, offering subsidized rates and payment assistance for low-income buyers in this rural community.
Why Choose a Mortgage Lender in Cash?
Local Market Knowledge
Lenders who understand Cash'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 Cash and get competitive rates on your home loan.