The Best Mortgage Lenders in Delaware, AR
Compare verified mortgage lenders serving Delaware, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Delaware
Featured Mortgage Lenders
Centennial Bank
Centennial Bank (a division of Home BancShares, Inc.)
Centennial Bank is a highly-rated regional lender with over two decades of service in Arkansas, known for its strong community presence and competitive mortgage rates. They excel in serving rural areas like Delaware with personalized service, a wide range of loan options, and a reputation for reliability and customer satisfaction. Their local branches ensure easy access for clients in the region.
Loan Types:
Gateway Mortgage Group
Gateway Mortgage Group, LLC
Gateway Mortgage Group is a top-rated lender with a strong regional footprint in Arkansas, offering tailored mortgage solutions and exceptional customer service. They have a proven track record of serving clients in Delaware and nearby areas, with competitive rates, efficient processing, and a focus on building long-term relationships through transparency and support.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a nationally recognized lender with deep roots in Arkansas, praised for its customer-centric approach and high satisfaction ratings. They provide comprehensive mortgage services to Delaware residents, featuring fast approvals, competitive rates, and a dedicated local team that ensures a smooth home financing experience.
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Frequently Asked Questions
Common questions about mortgage lending in Delaware, AR
What are the current average mortgage rates for homebuyers in Delaware, AR?
Mortgage rates in Delaware, AR, typically align with national averages but can be slightly influenced by local market conditions and lender competition in the region. As of recent trends, 30-year fixed rates often range between 6.5% and 7%, but it's best to check with local Arkansas lenders for the most up-to-date quotes. Factors like your credit score and loan type will also impact your specific rate.
Are there any first-time homebuyer programs available specifically in Delaware, AR?
Yes, Delaware, AR residents can access the Arkansas Development Finance Authority (ADFA) programs, which offer down payment assistance and competitive interest rates for first-time buyers. These programs may include the ADFA Move-Up Loan and down payment assistance grants that can be particularly helpful in smaller markets like Delaware. Consulting with a local mortgage advisor familiar with ADFA can help you determine your eligibility.
How does the rural location of Delaware, AR affect my mortgage options?
Delaware's rural setting may make you eligible for USDA loans, which offer 100% financing with no down payment required for qualified buyers in designated rural areas. This can be a significant advantage given the area's classification, potentially making homeownership more accessible. Be sure to confirm Delaware's eligibility with a lender experienced in USDA rural development loans.
What should I know about property taxes when getting a mortgage in Delaware, AR?
Property taxes in Delaware, AR, are generally lower than national averages, which can make monthly mortgage payments more affordable. Arkansas has a statewide average property tax rate of about 0.62%, which benefits homeowners in smaller communities like Delaware. Your lender will factor these taxes into your escrow calculations during the mortgage process.
Are there local lenders in Delaware, AR that specialize in mortgages for this area?
While Delaware is a small community, nearby cities like Siloam Springs or Fayetteville have local banks and credit unions that understand the specific mortgage needs of Delaware residents. These local lenders often have insights into area-specific programs and can offer personalized service. Building a relationship with a community bank can provide advantages in navigating the local real estate market.
Why Choose a Mortgage Lender in Delaware?
Local Market Knowledge
Lenders who understand Delaware'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 Delaware and get competitive rates on your home loan.