The Best Mortgage Lenders in Greenway, AR
Compare verified mortgage lenders serving Greenway, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greenway
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly-rated national lender with a strong local presence in Northeast Arkansas, including service to Greenway. Known for competitive rates, exceptional customer service, and a wide range of loan options, they have built a reputation for streamlined processing and personalized support. Their experienced team specializes in first-time homebuyer programs and refinancing, making them a top choice for residents in rural areas like Greenway seeking reliable and efficient mortgage solutions.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender with a significant footprint in Arkansas, offering dedicated service to Greenway and surrounding communities. They are praised for their fast loan processing, community involvement, and transparent communication. With a focus on purchase and refinance loans, Movement provides competitive rates and educational resources for borrowers, ensuring a smooth mortgage experience backed by strong customer satisfaction ratings and local expertise.
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First Community Bank
First Community Bank
First Community Bank is a locally-owned and operated institution with deep roots in Arkansas, providing personalized mortgage services to Greenway residents. They offer a variety of loan products with competitive rates and emphasize community-focused banking. Their long-standing presence and commitment to customer care make them a trusted choice for home loans, with experienced loan officers who understand the unique needs of rural and small-town clients in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Greenway, AR
What are the current average mortgage rates for homebuyers in Greenway, AR?
Mortgage rates in Greenway typically align with national averages but can vary slightly based on local lender competition and property types. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.2%, though rural properties might see slightly higher rates. It's best to check with local Greenway lenders like First National Bank of Eastern Arkansas or Southern Bancorp for the most current rates.
Are there any first-time homebuyer programs specifically available in Greenway?
Yes, Greenway residents can access the Arkansas Development Finance Authority's (ADFA) HomeToOwn program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for first-time buyers in Greenway's rural market. These programs can be particularly helpful given the area's moderate income levels.
How does Greenway's rural location affect mortgage lending requirements?
Greenway's rural classification can work to borrowers' advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, appraisals in rural areas may take longer and require specialized appraisers familiar with agricultural and rural properties. Lenders may also have stricter requirements for properties with well and septic systems.
What types of properties are most common in Greenway's mortgage market?
Greenway's mortgage market primarily consists of single-family homes on larger lots, many with agricultural or rural characteristics. You'll find a mix of older homes with historic charm and newer manufactured homes, each with different lending considerations. Traditional mortgages work for most properties, but manufactured homes may require specialized loans with different terms.
Are there local property tax considerations that affect mortgage payments in Greenway?
Yes, Greenway residents benefit from relatively low property tax rates compared to urban areas in Arkansas, with Mississippi County averaging around 0.62% of assessed value. However, properties with agricultural classifications may have different tax considerations that affect escrow calculations. Your lender should help you understand how these local tax rates will impact your monthly mortgage payment.
Why Choose a Mortgage Lender in Greenway?
Local Market Knowledge
Lenders who understand Greenway'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 Greenway and get competitive rates on your home loan.