The Best Mortgage Lenders in Flippin, AR
Compare verified mortgage lenders serving Flippin, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Flippin
Featured Mortgage Lenders
Centennial Bank
Centennial Bank
Centennial Bank is a highly-rated regional lender with a strong presence in north-central Arkansas, including service to Flippin. Founded in 1999, it has built a reputation for competitive rates, personalized customer service, and a wide range of loan products. With over 25 years of experience, the bank is known for its community-focused approach, reliability, and high customer satisfaction scores, making it a top choice for homebuyers in the area. Their local branch in Mountain Home ensures accessible, in-person support for clients in Marion County.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a strong regional presence in Arkansas, serving clients in Flippin and surrounding areas. Founded in 1996, it boasts high ratings for its competitive rates, efficient processing, and exceptional customer service. With nearly three decades of experience, Fairway is praised for its expertise in various loan types and its commitment to making the mortgage process smooth and transparent. Their extensive review count and 4.8 rating reflect consistent customer satisfaction and reliability.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender founded in 2008, known for its innovative approach and strong service in Arkansas, including the Flippin area. With a 4.7 rating and over 200 reviews, it emphasizes speed, technology-driven solutions, and community engagement. The company's 16 years of experience have made it a favorite for its competitive rates, diverse loan options, and dedication to customer care. Movement's regional office in Little Rock supports clients across the state, ensuring reliable and accessible mortgage services.
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Frequently Asked Questions
Common questions about mortgage lending in Flippin, AR
What are the current mortgage rates like in Flippin, AR compared to national averages?
Mortgage rates in Flippin typically align with national averages, but local lenders may offer competitive rates due to the rural nature of Marion County. Currently, rates for 30-year fixed mortgages in Flippin range from 6.5% to 7.25%, though this can vary based on credit score and loan type. Working with local lenders who understand the Flippin market can sometimes yield better terms.
Are there any first-time homebuyer programs specifically available in Flippin?
Yes, Flippin homebuyers can access the Arkansas Development Finance Authority's (ADFA) programs, which offer down payment assistance and competitive rates for first-time buyers. Additionally, some local lenders in Marion County may have special programs for teachers, healthcare workers, or other essential service employees. These programs can be particularly helpful given Flippin's median home prices.
How does Flippin's location near the White River affect mortgage lending considerations?
Properties near the White River may require additional flood insurance, which lenders typically mandate for homes in designated flood zones. This can affect your overall monthly housing payment and loan qualification. It's crucial to work with a lender familiar with Flippin's flood maps and insurance requirements to accurately calculate your total costs.
What types of properties are most common in Flippin's mortgage market?
Flippin's mortgage market primarily consists of single-family homes, manufactured homes on permanent foundations, and some riverfront properties. Lenders in the area are experienced with financing manufactured homes, which are common in the region. However, loan terms for manufactured homes may differ from traditional site-built homes, so it's important to discuss specific property types with your lender.
Are there any local down payment assistance programs for Flippin homebuyers?
While Flippin itself doesn't have city-specific programs, homebuyers can utilize statewide programs like the ADFA's Down Payment Assistance program, which offers up to 4% of the loan amount. Some local credit unions in Marion County also offer special programs for moderate-income buyers. These programs are particularly valuable in Flippin's market where saving for a down payment can be challenging.
Why Choose a Mortgage Lender in Flippin?
Local Market Knowledge
Lenders who understand Flippin'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 Flippin and get competitive rates on your home loan.