The Best Mortgage Lenders in Clinton, AR
Compare verified mortgage lenders serving Clinton, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clinton
Featured Mortgage Lenders
The Mortgage Company
The Mortgage Company
The Mortgage Company is a highly-rated local lender known for its personalized service and deep roots in Arkansas communities. With over two decades of experience, they excel in providing competitive rates and flexible loan options, including specialized programs for first-time homebuyers. Their team of local experts offers in-depth knowledge of the Clinton area market, ensuring a smooth and transparent mortgage process. High customer satisfaction scores reflect their commitment to reliability and exceptional client support.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage stands out for its efficient processing and strong community involvement in Central Arkansas. Founded in 2008, they leverage technology to offer quick approvals and competitive rates, while maintaining a local touch through dedicated loan officers serving Clinton. Their focus on customer education and a wide range of loan products has earned them high marks for satisfaction and reliability. With numerous positive reviews highlighting responsive service, they are a trusted choice for homebuyers in the region.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a nationally recognized lender with a strong local presence in Arkansas, known for its competitive rates and award-winning customer service. With nearly three decades of experience, they offer a comprehensive suite of loan options and have a reputation for closing loans quickly and efficiently. Their team in North Little Rock serves Clinton with expertise in rural and suburban markets, backed by high customer ratings for transparency and support throughout the homebuying journey.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Clinton, AR
What are the current average mortgage rates for homebuyers in Clinton, AR?
Mortgage rates in Clinton typically align with national averages but can be slightly lower due to the area's rural designation. As of recent data, 30-year fixed rates often range between 6.5-7% for qualified buyers, though local lenders like First Service Bank or Chambers Bank may offer competitive regional promotions. It's wise to compare rates from both local and national lenders to secure the best deal.
Are there any first-time homebuyer programs specifically available in Clinton?
Yes, Clinton homebuyers can access the Arkansas Development Finance Authority's (ADFA) mortgage programs, which offer competitive interest rates and down payment assistance. Additionally, some local lenders participate in USDA Rural Development loans, which are particularly relevant for Clinton given its rural location and can offer 100% financing with no down payment required for eligible borrowers.
How does Clinton's rural location affect my mortgage options?
Clinton's rural designation makes many properties eligible for USDA loans, which require no down payment - a significant advantage for buyers with limited savings. However, some lenders may have stricter appraisal requirements due to the area's diverse property types, from suburban homes to rural acreage. Working with a local lender familiar with Van Buren County properties can help navigate these nuances.
What special considerations should I know about when getting a mortgage for a property with land in Clinton?
When purchasing properties with significant acreage in Clinton, lenders often require separate appraisals for the land and structures, which can affect loan-to-value ratios. Conventional loans typically cover only 1-10 acres, so if you're buying larger parcels, you may need specialized rural or agricultural lending programs. Local lenders like First Security Bank often have more flexible guidelines for these property types.
Are property taxes in Clinton typically included in mortgage escrow accounts?
Yes, most Clinton lenders include Van Buren County property taxes in escrow accounts, with current rates averaging approximately 0.62% of assessed value. However, it's important to verify whether the property qualifies for any agricultural or homestead exemptions that could lower your tax burden. Your lender will typically coordinate with the Van Buren County Tax Collector's office to ensure accurate escrow calculations.
Why Choose a Mortgage Lender in Clinton?
Local Market Knowledge
Lenders who understand Clinton'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 Clinton and get competitive rates on your home loan.