The Best Mortgage Lenders in Goshen, AR
Compare verified mortgage lenders serving Goshen, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Goshen
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank is one of the largest and most established regional banks serving Northwest Arkansas, including Goshen. With over 60 years of community banking experience, they offer a comprehensive range of mortgage products with local underwriting and decision-making. Their mortgage team provides personalized service with competitive rates, and they have extensive experience with rural property financing which is particularly valuable for the Goshen area. Customers consistently praise their responsive service and smooth closing processes.
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Bank OZK Mortgage
Bank OZK
Bank OZK (formerly Bank of the Ozarks) has a strong presence throughout Northwest Arkansas and serves the Goshen community with specialized mortgage services. They are particularly known for their construction and lot loan expertise, which is valuable in the growing Goshen area. With local loan officers who understand the specific needs of rural Washington County residents, they offer competitive rates and flexible terms. Their long history and community-focused approach make them a trusted choice for local home financing.
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First Security Bank Mortgage
First Security Bank
First Security Bank has been serving Northwest Arkansas communities for over 75 years and maintains a strong presence throughout Washington County, including Goshen. They offer a wide variety of mortgage options with local processing and underwriting. Their mortgage team is known for providing exceptional customer service and guidance through the entire home buying process. First Security is particularly strong with first-time homebuyer programs and offers competitive rates with various down payment options suitable for Goshen area residents.
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Frequently Asked Questions
Common questions about mortgage lending in Goshen, AR
What are the current average mortgage rates for homebuyers in Goshen, AR?
Mortgage rates in Goshen typically align with national averages but can vary based on local lenders and property types. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.25%, though Arkansas-specific programs sometimes offer lower rates. It's best to check with local credit unions like Arvest Bank or Simmons Bank for the most current Goshen-specific rates.
Are there any first-time homebuyer programs specifically available in Goshen?
Yes, Goshen homebuyers can access the Arkansas Development Finance Authority's (ADFA) First-Time Home Buyer Program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for Goshen residents purchasing in the city limits. These programs are particularly valuable given Goshen's affordable housing market compared to larger Arkansas cities.
How does Goshen's rural location affect mortgage lending requirements?
Goshen's rural classification can work to borrowers' advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, some conventional lenders may have stricter requirements due to the smaller local market and limited comparable property sales. Working with lenders familiar with Washington County's rural communities is recommended for smoother processing.
What special considerations should I know about property taxes when getting a mortgage in Goshen?
Washington County property taxes in Goshen are relatively low compared to national averages, typically ranging from 0.5% to 0.7% of assessed value. Your mortgage lender will factor these taxes into your escrow calculations, and it's important to note that property assessments in this rural area may differ from urban centers. First-time buyers should budget for potential tax increases after purchase.
Are there local down payment assistance programs available for Goshen home purchases?
Yes, through the ADFA's Down Payment Assistance program, eligible Goshen buyers can receive up to 4% of the loan amount toward down payment and closing costs. Some Washington County-specific programs may also be available through community development organizations. These programs are particularly beneficial given Goshen's median home prices being below state averages.
Why Choose a Mortgage Lender in Goshen?
Local Market Knowledge
Lenders who understand Goshen'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 Goshen and get competitive rates on your home loan.