The Best Mortgage Lenders in Fifty Six, AR
Compare verified mortgage lenders serving Fifty Six, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fifty Six
Featured Mortgage Lenders
Centennial Bank
Centennial Bank
Centennial Bank is a highly-rated regional bank with a strong presence in Stone County and surrounding areas, making it an excellent choice for Fifty Six residents. Founded in 1999, it offers personalized mortgage services with competitive rates and a variety of loan options. Known for its community-focused approach and reliable customer service, Centennial Bank has built a reputation for helping homebuyers in rural Arkansas navigate the mortgage process smoothly. Their local branch in Mountain View ensures accessible, in-person support for borrowers in Fifty Six.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong track record of serving borrowers in Arkansas, including rural areas like Fifty Six. Founded in 2000, it combines advanced online tools with expert guidance to offer competitive rates and efficient loan processing. With high customer satisfaction ratings and a wide range of loan products, Guaranteed Rate is ideal for Fifty Six residents seeking a seamless, digital mortgage experience while maintaining access to professional support.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its fast closings and exceptional customer service, with a dedicated regional office in Little Rock that serves Fifty Six and other Arkansas communities. Founded in 2008, it offers a variety of mortgage options and is praised for its responsiveness and support for rural homebuyers. Their commitment
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Fifty Six, AR
What are the current average mortgage rates for homebuyers in Fifty Six, AR?
Mortgage rates in Fifty Six typically align with national averages but can vary slightly based on local lenders. Currently, 30-year fixed rates hover around 6.5-7%, while FHA and VA loans might offer slightly lower rates. It's best to check with local banks like First Service Bank or Stone Bank for the most accurate, up-to-date rates specific to the Fifty Six area.
Are there any first-time homebuyer programs available specifically in Fifty Six?
Yes, the Arkansas Development Finance Authority (ADFA) offers the Down Payment Assistance (DPA) program, which is accessible to Fifty Six residents. This program provides up to 4% of the loan amount in down payment assistance with a competitive fixed-rate mortgage. Additionally, some local lenders may offer special first-time buyer incentives tailored to the rural nature of the Fifty Six housing market.
How does Fifty Six's rural location affect the mortgage process?
Fifty Six's rural setting means some properties may be on well and septic systems, which can require additional inspections and affect loan approval. USDA loans are particularly advantageous here, as much of the area qualifies for USDA rural development loans offering 100% financing. Appraisals might also take slightly longer due to fewer comparable sales in the immediate area.
What types of properties are most common for mortgage financing in Fifty Six?
The Fifty Six area primarily consists of single-family homes, manufactured homes on permanent foundations, and some land-plus-construction packages. Traditional mortgages work well for site-built homes, while manufactured homes may require specific loan programs. Given the rural character, properties with acreage are common, which may require specialized appraisals.
Are there any local property tax considerations I should know about when getting a mortgage in Fifty Six?
Stone County, where Fifty Six is located, has relatively low property tax rates compared to national averages, which can help with overall mortgage affordability. However, it's important to note that property assessments can vary, and homeowners should verify the exact tax burden during the mortgage process. Your lender will typically escrow for property taxes, but understanding local rates helps with accurate monthly payment estimates.
Why Choose a Mortgage Lender in Fifty Six?
Local Market Knowledge
Lenders who understand Fifty Six'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 Fifty Six and get competitive rates on your home loan.