The Best Mortgage Lenders in Dover, AR
Compare verified mortgage lenders serving Dover, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dover
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly-rated lender with a strong reputation for competitive rates, exceptional customer service, and efficient loan processing. Founded in 1996, it has built a robust presence in Arkansas, including service to Dover, with a focus on personalized mortgage solutions and a wide range of loan options. Customers consistently praise their responsiveness and expertise, making them a top choice for homebuyers in the region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender known for its purchase-focused approach, fast closing times, and community engagement. Founded in 2008, it serves Dover and surrounding areas in Arkansas with a commitment to transparency and customer satisfaction. With high ratings for its streamlined processes and dedicated support, Movement Mortgage is a reliable option for those seeking flexible mortgage products and local expertise.
Loan Types:
Centennial Bank
Centennial Bank
Centennial Bank, part of Home BancShares, offers a comprehensive suite of mortgage services with a strong local presence in the Dover area through its Russellville branch. Founded in 1998, it combines decades of experience with personalized banking relationships, providing competitive rates and a variety of loan types. Highly rated for its reliability and community involvement, Centennial Bank is a trusted choice for homeowners seeking stability and tailored financial solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Dover, AR
What are the current average mortgage rates for homebuyers in Dover, AR?
Mortgage rates in Dover typically align with national averages but can be slightly lower due to the rural nature of Pope County. As of recent trends, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. Local lenders like Chambers Bank and First Service Bank often offer competitive rates specifically for Dover residents.
Are there any first-time homebuyer programs specifically available in Dover?
Yes, Dover homebuyers can access the Arkansas Development Finance Authority's (ADFA) Down Payment Assistance program, which provides up to 5% of the loan amount for qualified buyers. Additionally, local lenders may offer special programs for teachers, healthcare workers, and other essential employees serving the Dover community and surrounding Pope County areas.
How does Dover's rural location affect the mortgage approval process?
Dover's rural classification can impact appraisals since comparable properties may be limited, potentially requiring appraisers to look at nearby towns like Russellville. USDA loans are particularly advantageous here, offering 100% financing with no down payment requirement for eligible properties and borrowers meeting income limits in Pope County.
What types of properties are most common in Dover's mortgage market?
Dover's mortgage market primarily consists of single-family homes on larger lots, manufactured homes on permanent foundations, and rural properties with acreage. Lenders in the area are experienced with financing these property types, though manufactured homes may require additional documentation and specific loan programs like FHA or VA loans.
Are there any local property tax considerations I should know about when getting a mortgage in Dover?
Pope County property taxes are relatively low compared to urban areas, typically ranging from 0.5% to 0.7% of assessed value. However, properties with significant acreage or agricultural designations may have different tax assessments. Your lender should help estimate these costs, which will be included in your monthly mortgage payment through an escrow account.
Why Choose a Mortgage Lender in Dover?
Local Market Knowledge
Lenders who understand Dover'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 Dover and get competitive rates on your home loan.