The Best Mortgage Lenders in College Station, AR
Compare verified mortgage lenders serving College Station, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in College Station
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong presence in Arkansas, known for its exceptional customer service and competitive rates. With nearly three decades of experience, they specialize in a wide range of loan products and have consistently high ratings for their efficient processing and personalized support. Their Little Rock branch serves the College Station area, offering local expertise with national resources.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated lender recognized for its rapid loan processing and community-focused approach. Founded in 2008, they have built a reputation for transparency and competitive pricing, with a strong emphasis on customer satisfaction. Their Little Rock office extends services to College Station and surrounding areas, providing flexible loan options and dedicated local support.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is a reputable lender with over two decades of experience, offering diverse mortgage solutions and a commitment to inclusive lending practices. They are praised for their competitive rates, educational resources, and responsive customer service. Their Little Rock branch actively serves the College Station region, focusing on making homeownership accessible through tailored loan programs and expert guidance.
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Frequently Asked Questions
Common questions about mortgage lending in College Station, AR
What are the current average mortgage rates for homebuyers in College Station, AR?
Mortgage rates in College Station typically align with national averages but can vary slightly based on local lender competition and property types. As of recent data, 30-year fixed rates generally range between 6.5-7.25% in this area. It's recommended to compare offers from local credit unions like Arkansas Federal Credit Union along with regional banks for the most competitive rates.
Are there any first-time homebuyer programs specifically available in College Station, AR?
Yes, College Station homebuyers can access the Arkansas Development Finance Authority's (ADFA) mortgage programs, which offer down payment assistance and competitive rates for qualifying borrowers. Additionally, local lenders may offer special programs for educators, healthcare workers, or other community service professionals working in the College Station area.
How does College Station's rural location affect mortgage lending options?
College Station's rural designation makes some buyers eligible for USDA loans, which offer 100% financing with no down payment required. This can be particularly advantageous given the area's moderate home prices. However, some national lenders may have limited presence here, so working with Arkansas-based mortgage companies familiar with rural property valuations is beneficial.
What special considerations should I know about when getting a mortgage for older homes in College Station?
Many homes in College Station have historic character, so mortgage lenders may require additional inspections and potentially higher repair reserves for older properties. FHA 203(k) renovation loans can be particularly useful here, allowing buyers to finance both purchase and renovation costs. Local appraisers familiar with the area's older home market are essential for accurate valuations.
How do College Station's property taxes impact mortgage affordability?
College Station falls within Pulaski County, where property tax rates are relatively moderate compared to other Arkansas regions, typically around 0.85-1.1% of assessed value. Lenders will factor these taxes into your debt-to-income ratio calculations, and many local mortgage professionals can help you estimate exact tax burdens based on specific property locations within the College Station area.
Nearby Cities
Explore mortgage lenders in cities near College Station, AR
Why Choose a Mortgage Lender in College Station?
Local Market Knowledge
Lenders who understand College Station'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 College Station and get competitive rates on your home loan.