The Best Mortgage Lenders in Elizabeth, AR
Compare verified mortgage lenders serving Elizabeth, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Elizabeth
Featured Mortgage Lenders
Centennial Bank Mortgage Department
Centennial Bank
Centennial Bank is a highly-rated regional lender with a strong presence in Northwest Arkansas, including Elizabeth. Known for competitive rates, personalized service, and deep community ties, they have over 20 years of experience and a reputation for reliability. Their mortgage team offers a wide range of loan options with a focus on customer satisfaction and local expertise.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is renowned for its exceptional customer service, fast loan processing, and high satisfaction ratings. With a local office in Fayetteville, they actively serve Elizabeth and surrounding areas, offering tailored solutions for various homebuyer needs, including first-time buyers and refinancing, backed by decades of industry experience.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage combines innovative technology with personalized service to offer competitive rates and a streamlined mortgage process. They have a strong regional presence in Northwest Arkansas and are praised for their integrity, efficiency, and commitment to serving communities like Elizabeth. Their diverse loan programs cater to a wide range of homebuying needs.
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Frequently Asked Questions
Common questions about mortgage lending in Elizabeth, AR
What are the current average mortgage rates for homes in Elizabeth, AR?
Mortgage rates in Elizabeth typically align with national averages but can be slightly higher due to the rural nature of the area and smaller local lender competition. As of late 2024, 30-year fixed rates in the area often range from 6.5% to 7.25%, but it's best to get quotes from local credit unions and regional banks for the most accurate pricing.
Are there any first-time homebuyer programs specific to Elizabeth or Izard County?
Yes, the Arkansas Development Finance Authority (ADFA) offers its "HomeToOwn" program, which provides competitive fixed-rate mortgages and down payment assistance to eligible first-time buyers statewide, including in Elizabeth. This is particularly valuable in this market where saving for a down payment can be a challenge for local residents.
How does the rural location of Elizabeth affect the mortgage process?
Elizabeth's rural classification can sometimes require additional property appraisal steps, as comparable home sales ("comps") may be limited in the immediate area. Lenders may also have specific requirements for properties with well and septic systems, which are common in this part of Izard County.
What types of properties in Elizabeth typically qualify for USDA rural housing loans?
Most properties in Elizabeth qualify for USDA loans since the entire area is designated as rural by the USDA. This includes single-family homes, manufactured homes (if permanently affixed and meeting requirements), and condos that are located within USDA-eligible areas, offering zero-down payment options to income-eligible buyers.
How do property values in Elizabeth compare to surrounding areas, and how does this impact loan amounts?
Elizabeth property values are generally lower than state averages, with median home prices typically between $150,000-$200,000. This means buyers may qualify for smaller loan amounts, but also benefit from lower property taxes and insurance costs. Lenders familiar with the local market can provide accurate valuations based on recent sales in Izard County.
Why Choose a Mortgage Lender in Elizabeth?
Local Market Knowledge
Lenders who understand Elizabeth'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 Elizabeth and get competitive rates on your home loan.