The Best Mortgage Lenders in Evening Shade, AR
Compare verified mortgage lenders serving Evening Shade, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Evening Shade
Featured Mortgage Lenders
Mortgage Department
Arvest Bank
Arvest Bank stands as one of the most established and highly-rated mortgage lenders serving the Evening Shade area through their nearby Batesville location. With over 60 years of community banking experience, they offer comprehensive mortgage solutions including specialized USDA loans that are particularly beneficial for rural areas like Evening Shade. Their local presence ensures personalized service with deep understanding of the region's real estate market, and they maintain consistently excellent customer reviews for their competitive rates and attentive loan officers who guide clients through the entire mortgage process.
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Mortgage Lending Team
Centennial Bank
Centennial Bank has built a strong reputation throughout North Central Arkansas with their dedicated mortgage division serving Evening Shade and surrounding communities. They specialize in rural housing loans and offer construction-to-permanent financing that's ideal for the Evening Shade market. Their local loan officers have extensive knowledge of Independence County and nearby areas, providing tailored solutions for first-time homebuyers and experienced homeowners alike. The bank receives consistently high marks for their responsive service and competitive loan products.
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Mortgage Services
First Community Bank
First Community Bank brings over a century of community banking expertise to the Evening Shade area through their Batesville headquarters. As one of the oldest and most trusted financial institutions in the region, they offer a complete range of mortgage products with particular strength in rural development loans and land financing that suits the Evening Shade community. Their long-standing presence in the area means they have deep relationships and understanding of local property values and market conditions. Customers consistently praise their straightforward process and local decision-making authority.
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Frequently Asked Questions
Common questions about mortgage lending in Evening Shade, AR
What are the current average mortgage rates for homebuyers in Evening Shade, AR?
Current mortgage rates in Evening Shade typically align with national averages but can vary slightly based on local lenders. As of recent data, 30-year fixed rates generally range from 6.5% to 7.2%, while 15-year fixed rates are around 5.8% to 6.5%. It's best to check with local Evening Shade banks and credit unions like First National Bank of Sharp County for the most accurate, up-to-date rates.
Are there any first-time homebuyer programs specifically available in Evening Shade?
Yes, Evening Shade residents can access the Arkansas Development Finance Authority's (ADFA) First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, local lenders may offer special programs for Evening Shade buyers, particularly those purchasing in Sharp County's rural areas, which may qualify for USDA loans with zero down payment requirements.
How does Evening Shade's rural location affect mortgage lending options?
Evening Shade's rural designation opens up valuable USDA loan opportunities that aren't available in urban areas. Many properties in and around Evening Shade qualify for USDA Rural Development loans, which require no down payment and offer competitive rates. This makes homeownership more accessible despite the area's limited local lender options compared to larger cities.
What should I know about property taxes when getting a mortgage in Evening Shade?
Sharp County, where Evening Shade is located, has relatively low property tax rates compared to national averages, typically around 0.62% of assessed value. Your mortgage lender will factor these taxes into your monthly payment through an escrow account. The modest tax burden makes Evening Shade an attractive option for buyers concerned about ongoing homeownership costs.
Are there local down payment assistance programs for Evening Shade homebuyers?
While Evening Shade itself doesn't offer city-specific programs, Sharp County residents can utilize the ADFA's Down Payment Assistance program, which provides up to 4% of the loan amount. Local lenders like Community First Banking Company may also offer special programs for Evening Shade buyers, particularly for those with moderate incomes purchasing their primary residence in the area.
Nearby Cities
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Why Choose a Mortgage Lender in Evening Shade?
Local Market Knowledge
Lenders who understand Evening Shade'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 Evening Shade and get competitive rates on your home loan.