The Best Mortgage Lenders in Centerton, AR
Compare verified mortgage lenders serving Centerton, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Centerton
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank is one of the most established and highly-rated mortgage lenders in Northwest Arkansas with multiple branches serving the Centerton area. As a community-focused bank with deep roots in the region, they offer personalized service and competitive rates. Their mortgage team has extensive experience with local real estate markets and provides a wide range of loan products including specialized programs for first-time homebuyers. Arvest consistently receives excellent customer reviews for their responsive service, local decision-making, and smooth closing processes.
Loan Types:
First Security Bank Mortgage
First Security Bank
First Security Bank has been serving Northwest Arkansas communities for decades and maintains a strong presence in the Centerton area. Their mortgage division is particularly noted for exceptional customer service and competitive construction lending programs, which is valuable in Centerton's growing housing market. They offer local underwriting and decision-making, ensuring faster closings and personalized attention. Customers consistently praise their knowledgeable loan officers, transparent communication, and ability to handle complex financing scenarios with expertise.
Loan Types:
Paramount Residential Mortgage Group
PRMG Northwest Arkansas
Paramount Residential Mortgage Group's Northwest Arkansas branch serves Centerton with exceptional expertise and highly competitive rates. As a mortgage brokerage, they have access to multiple investors and can shop rates to find the best possible terms for borrowers. Their team has deep knowledge of the local market and specializes in helping both first-time homebuyers and experienced investors. PRMG receives outstanding customer reviews for their efficiency, communication throughout the loan process, and ability to close loans quickly even in competitive market conditions.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Centerton, AR
What are the current mortgage rates like in Centerton, AR?
Mortgage rates in Centerton typically align with national averages but can be slightly lower due to Arkansas's competitive lending market. As of recent trends, 30-year fixed rates have been hovering around 6.5-7%, but it's best to check with local lenders like Arvest Bank or First National Bank of NWA for the most current rates specific to Benton County.
Are there any first-time homebuyer programs available specifically in Centerton?
Yes, Centerton homebuyers 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 in Northwest Arkansas offer special programs for teachers, healthcare workers, and other essential professionals serving the Centerton community.
How does Centerton's rapid growth affect mortgage lending and home values?
Centerton's status as one of Arkansas's fastest-growing cities has led to appreciating home values, which currently average around $350,000. This growth means lenders may require stronger financial profiles, but it also creates good long-term investment potential. The expanding tax base has helped maintain reasonable property taxes compared to other Northwest Arkansas communities.
What special considerations should I know about property taxes when getting a mortgage in Centerton?
Benton County property taxes are relatively moderate, typically around 0.65% of assessed value. When calculating your mortgage payment, lenders will include approximately $150-250 monthly for taxes and insurance on a median-priced home. Centerton's millage rate has remained stable despite rapid growth, making property taxes predictable for budgeting purposes.
Are there any local down payment assistance programs for Centerton homebuyers?
Besides state programs, the Northwest Arkansas Council partners with local lenders to offer down payment assistance targeting essential workers in growing communities like Centerton. Some Centerton-based employers, particularly in the healthcare and technology sectors, also offer employer-assisted housing programs that can help with down payments and closing costs.
Why Choose a Mortgage Lender in Centerton?
Local Market Knowledge
Lenders who understand Centerton'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 Centerton and get competitive rates on your home loan.