The Best Mortgage Lenders in Combs, AR
Compare verified mortgage lenders serving Combs, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Combs
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank is one of the most established and highly-rated mortgage lenders serving Northwest Arkansas, including Combs. With over 60 years of community banking experience, they offer personalized service and deep local market knowledge. Their mortgage team provides competitive rates and specializes in rural property financing, which is ideal for Combs residents. They have exceptional customer satisfaction ratings and offer both online application options and in-person service at nearby branches.
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First Security Bank Mortgage Division
First Security Bank
First Security Bank has been serving Arkansas communities for over 75 years and maintains a strong presence throughout Northwest Arkansas. They specialize in rural and agricultural lending, making them particularly well-suited for Combs area residents. Their mortgage team receives consistently high marks for responsive service, local decision-making, and expertise with USDA rural development loans. They offer competitive rates and have deep roots in the region's real estate market.
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Academy Mortgage Corp.
Academy Mortgage Corporation
Academy Mortgage Corporation maintains a highly-rated local branch in Fayetteville that actively serves Combs and surrounding rural communities. They specialize in providing personalized mortgage solutions with local underwriting and processing. Their team excels in USDA rural housing loans and FHA financing, which are popular options in the Combs area. With numerous 5-star reviews highlighting their efficiency and communication, they've built a strong reputation for making the mortgage process smooth and transparent for borrowers.
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Frequently Asked Questions
Common questions about mortgage lending in Combs, AR
What are the current average mortgage rates for homebuyers in Combs, AR?
Mortgage rates in Combs typically align with national averages but can be slightly higher due to the rural nature of the area and smaller local lending market. As of 2024, you can expect 30-year fixed rates around 6.5-7% depending on credit score and loan type. It's best to check with local Arkansas lenders like Arvest Bank or First Western Bank for the most current Combs-specific rates.
Are there any first-time homebuyer programs specifically available in Combs?
Yes, Combs residents can access the Arkansas Development Finance Authority's (ADFA) First-Time Home Buyer Program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development Loan is particularly relevant for Combs given its rural designation, offering 100% financing with no down payment required for eligible borrowers.
How does Combs being in a rural area affect my mortgage options?
Combs' rural location actually expands your mortgage options through USDA Rural Development loans, which are specifically designed for areas like ours. These loans offer 100% financing with no down payment requirement. However, you may find fewer local lender branches, so working with regional banks familiar with Madison County properties is advantageous.
What special considerations should I know about when getting a mortgage for a property with land in Combs?
Many Combs properties include significant acreage, which requires special mortgage consideration. Conventional loans may only cover the house and minimal land, so for larger parcels (typically over 10 acres), you'll likely need a rural land loan or agricultural loan. Local appraisers familiar with Madison County land values are essential for proper valuation.
Are property taxes in Combs typically included in mortgage escrow accounts?
Yes, most lenders will include Madison County property taxes in your escrow account, with Combs having relatively low property tax rates compared to urban areas. The current rate is approximately 0.62% of assessed value. Your lender will calculate this into your monthly payment, but it's wise to verify the exact tax amount with the Madison County Assessor's office.
Why Choose a Mortgage Lender in Combs?
Local Market Knowledge
Lenders who understand Combs'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 Combs and get competitive rates on your home loan.