The Best Mortgage Lenders in De Queen, AR
Compare verified mortgage lenders serving De Queen, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in De Queen
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank stands as the premier local mortgage lender in De Queen with an exceptional 4.8 rating and deep community roots. As one of the few brick-and-mortar banks with a physical branch in De Queen, they offer personalized service and local underwriting decisions. Their mortgage team has extensive experience with rural housing loans including USDA programs that are particularly relevant to the De Queen area. Customers consistently praise their responsive communication, competitive rates, and smooth closing processes. With over 60 years serving Arkansas communities, they understand the unique needs of Sevier County residents and offer comprehensive mortgage solutions with local decision-making authority.
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Centennial Bank Mortgage
Centennial Bank
Centennial Bank maintains a strong physical presence in De Queen with a local branch and dedicated mortgage professionals. Rated 4.7 with hundreds of positive reviews, they specialize in serving rural Arkansas communities with tailored mortgage solutions. Their expertise in construction lending and lot loans makes them particularly valuable for buyers looking to build in the De Queen area. The local mortgage team has deep knowledge of USDA rural development programs and offers competitive conventional and government-backed loans. Customers highlight their professionalism, local expertise, and ability to navigate complex rural property transactions efficiently.
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Regions Mortgage
Regions Bank
Regions Bank brings substantial regional banking power to De Queen with a convenient local branch and comprehensive mortgage services. With a 4.6 rating and extensive experience in Arkansas markets, they offer competitive rates and a wide range of loan products. Their mortgage specialists are particularly skilled with first-time homebuyer programs and offer digital mortgage applications alongside in-person service. Regions has built a strong reputation for reliable service in smaller Arkansas communities like De Queen, with customers praising their efficient processing and knowledgeable local staff who understand the specific needs of Sevier County homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in De Queen, AR
What are the current average mortgage rates for homebuyers in De Queen, AR?
Mortgage rates in De Queen typically align with national averages but can be slightly lower due to the area's rural classification. As of recent data, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. Local lenders like First National Bank of De Queen often offer competitive rates specifically for Sevier County residents.
Are there any first-time homebuyer programs specifically available in De Queen?
Yes, De Queen homebuyers can access the Arkansas Development Finance Authority's (ADFA) First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development Loan is particularly relevant since De Queen qualifies as a rural area, offering 100% financing with no down payment required for eligible borrowers.
How does De Queen's rural location affect mortgage lending options?
De Queen's rural designation opens access to USDA loans, which are excellent for qualified buyers with moderate incomes seeking no-down-payment options. Local lenders are also familiar with properties that might have well water or septic systems, which can sometimes require additional inspections but generally don't complicate the mortgage process in this area.
What special considerations should I know about when getting a mortgage for a manufactured home in De Queen?
Many De Queen lenders offer specialized manufactured home loans, but requirements are stricter than for site-built homes. The home must be permanently affixed to a foundation and meet HUD standards, and you'll typically need a minimum 5-10% down payment. Local credit unions like Diamond Bank often have the most experience with these loans in Sevier County.
Are property taxes in De Queen typically included in mortgage escrow accounts?
Yes, most De Queen lenders include Sevier County property taxes in escrow accounts, which are relatively low compared to national averages - typically around 0.5-0.7% of assessed value. This means your monthly mortgage payment will include 1/12 of your annual tax bill, making budgeting easier while ensuring taxes are paid on time.
Why Choose a Mortgage Lender in De Queen?
Local Market Knowledge
Lenders who understand De Queen'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 De Queen and get competitive rates on your home loan.