The Best Mortgage Lenders in Harrell, AR
Compare verified mortgage lenders serving Harrell, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrell
Featured Mortgage Lenders
Mortgage Department
First Financial Bank
First Financial Bank has been serving southern Arkansas communities for over 25 years with a strong focus on personalized mortgage services. As a community bank with deep roots in the region, they offer competitive rates and local underwriting decisions, making them particularly well-suited for Harrell residents seeking USDA and rural housing loans. Their mortgage team provides one-on-one guidance through the entire process, and they're known for their responsive customer service and understanding of local property markets in rural Arkansas communities.
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Mortgage Services
Southern Bancorp
Southern Bancorp has built a strong reputation across rural Arkansas for their commitment to community development and affordable mortgage solutions. Serving the Harrell area for over two decades, they specialize in USDA rural development loans and first-time homebuyer programs that are particularly relevant to the local market. Their mortgage officers have extensive experience with rural property financing and offer flexible credit requirements. The bank is recognized for their mission-driven approach and exceptional customer education throughout the homebuying process.
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Mortgage Team
Mortgages Unlimited of Arkansas
Mortgages Unlimited of Arkansas consistently ranks among the top mortgage lenders in the state, serving clients throughout Arkansas including the Harrell area. With nearly two decades of experience, they've developed expertise in rural property financing and USDA loans that are essential for the Harrell market. Their team of experienced loan officers provides personalized service with competitive rates and efficient processing. They're particularly praised for their transparent communication, quick turnaround times, and ability to handle complex rural property scenarios that are common in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Harrell, AR
What are the current average mortgage rates for homebuyers in Harrell, AR?
Mortgage rates in Harrell typically align with national averages but can vary slightly based on local lenders. As of recent data, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. It's best to check with local institutions like Farmers Bank & Trust or regional credit unions for the most current Harrell-specific rates.
Are there any first-time homebuyer programs specifically available in Harrell?
Yes, the Arkansas Development Finance Authority (ADFA) offers several first-time homebuyer programs that are accessible in Harrell, including down payment assistance and favorable mortgage rates. Additionally, some local lenders may offer special programs for teachers, healthcare workers, or other essential service employees serving the Harrell community.
How does Harrell's rural location affect mortgage lending and property requirements?
Harrell's rural designation means many properties may qualify for USDA loans, which offer 100% financing with no down payment requirement. However, properties often require well and septic inspections rather than city water/sewer connections, which can affect appraisal timelines. Lenders familiar with rural Arkansas properties can help navigate these unique requirements.
What types of properties are most common in Harrell's mortgage market?
Harrell's mortgage market primarily consists of single-family homes on larger lots, manufactured homes on permanent foundations, and agricultural properties. Lenders may have specific requirements for manufactured homes, including age restrictions and foundation certifications. Traditional site-built homes typically have the most flexible financing options.
Are there local property tax considerations I should know about when getting a mortgage in Harrell?
Yes, Bradley County property taxes are relatively low compared to urban areas, typically ranging from 0.5% to 0.7% of assessed value. However, agricultural land may have different assessment rules. Your mortgage lender will help estimate property tax payments for escrow, but it's wise to verify with the Bradley County Assessor's office for exact figures.
Why Choose a Mortgage Lender in Harrell?
Local Market Knowledge
Lenders who understand Harrell'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 Harrell and get competitive rates on your home loan.