The Best Mortgage Lenders in Driver, AR
Compare verified mortgage lenders serving Driver, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Driver
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank is one of the most established and highly-rated regional mortgage lenders serving Northwest Arkansas, including the Driver area. With over 60 years of community banking experience, they offer personalized service through local loan officers who understand the unique needs of Arkansas homeowners. They consistently receive excellent customer reviews for their competitive rates, smooth closing process, and extensive mortgage product offerings. Their strong local presence with multiple branches throughout the region ensures convenient in-person service combined with the resources of a major regional bank.
Loan Types:
The Mortgage Company
The Mortgage Company
The Mortgage Company is a highly-rated local mortgage broker serving the Fort Smith metropolitan area including Driver, Arkansas. With nearly 25 years of experience, they've built an exceptional reputation for providing personalized mortgage solutions with outstanding customer service. They specialize in working with first-time homebuyers and offer a comprehensive range of loan programs. Their 4.9-star rating across multiple review platforms reflects their commitment to transparent communication, competitive rates, and ensuring clients receive the best possible mortgage terms for their specific situation.
Loan Types:
Bank OZK Mortgage
Bank OZK
Bank OZK (formerly Bank of the Ozarks) is a well-established regional bank with a strong mortgage lending division that serves the Driver area through their Fort Smith location. With over a century of banking experience and specialized mortgage lending for more than 25 years, they offer competitive rates and personalized service. They are particularly known for their expertise in construction lending and jumbo loans, while also providing excellent conventional and government-backed loan options. Their local loan officers have deep knowledge of the Northwest Arkansas market and maintain high customer satisfaction ratings for their responsive service and efficient loan processing.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Driver, AR
What are the current average mortgage rates for homebuyers in Driver, AR?
Mortgage rates in Driver typically align with national averages but can be slightly lower due to the rural nature of the area and lower cost of living. As of recent data, 30-year fixed rates in Driver generally range from 6.5% to 7%, but it's best to check with local lenders like those in nearby Jonesboro or Paragould for the most current offers. Your specific rate will depend on credit score, loan type, and down payment amount.
Are there any first-time homebuyer programs specifically available in Driver, AR?
Yes, first-time homebuyers in Driver can access the Arkansas Development Finance Authority (ADFA) programs, which offer competitive interest rates and down payment assistance. These programs are particularly valuable in Driver's affordable market, where median home prices are well below state averages. Local lenders can help you determine eligibility for ADFA's Mortgage Credit Certificate, which provides a federal tax credit.
How does Driver's rural location affect the mortgage approval process?
Driver's rural classification can impact mortgage approvals through USDA loans, which are widely available here and offer 100% financing with no down payment required. However, appraisals might take slightly longer as appraisers often need to travel from larger nearby cities. Some conventional lenders may have stricter requirements for rural properties, so working with local Arkansas lenders familiar with the area is beneficial.
What types of properties in Driver might qualify for special mortgage programs?
Many homes in Driver qualify for USDA Rural Development loans due to the area's designation, and FHA loans are also popular for the area's older housing stock. Properties on larger lots or with acreage common in Driver may have different appraisal considerations. Manufactured homes on permanent foundations can also be financed through specific programs available in this region.
How do property taxes in Driver affect mortgage payments and affordability?
Driver's property taxes in Greene County are relatively low compared to national averages, which helps with overall mortgage affordability. The median annual property tax in Greene County is approximately $600-$800 for a typical home, significantly lower than many areas. This lower tax burden means your monthly mortgage payment (including taxes and insurance) will be more affordable than in higher-tax regions.
Why Choose a Mortgage Lender in Driver?
Local Market Knowledge
Lenders who understand Driver'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 Driver and get competitive rates on your home loan.