The Best Mortgage Lenders in Harrisburg, AR
Compare verified mortgage lenders serving Harrisburg, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrisburg
Featured Mortgage Lenders
Relyance Bank Mortgage Team
Relyance Bank
Relyance Bank has been serving Northeast Arkansas communities for over 90 years with a strong local presence and deep understanding of the regional housing market. Their mortgage team receives exceptional ratings for personalized service, competitive rates, and expertise with rural development loans that are particularly relevant to the Harrisburg area. As a community bank with multiple branches throughout the region, they offer the advantage of local decision-making combined with comprehensive mortgage products.
Loan Types:
The Mortgage Firm - Jonesboro
The Mortgage Firm
The Mortgage Firm's Jonesboro location serves the Harrisburg area with outstanding customer satisfaction ratings and specializes in rural property financing. They are particularly praised for their expertise in USDA loans, which are essential for many homebuyers in Poinsett County. Their team has extensive experience with Arkansas-specific housing programs and offers streamlined digital processing while maintaining personalized local service.
Loan Types:
Guild Mortgage - Jonesboro
Guild Mortgage Company
Guild Mortgage brings national lending power with local expertise through their Jonesboro branch that actively serves the Harrisburg market. They are renowned for their exceptional customer service and specialized programs for first-time homebuyers. With over 60 years in the mortgage industry, they offer competitive rates and have particular strength in government-backed loans and down payment assistance programs that benefit Harrisburg area residents.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Harrisburg, AR
What are the current average mortgage rates for homebuyers in Harrisburg, AR?
Mortgage rates in Harrisburg typically align with national averages but can be slightly lower due to the rural nature of Poinsett County. As of recent data, 30-year fixed rates hover around 6.5-7%, but local lenders like First National Bank of Lawrence County often offer competitive rates. It's best to get personalized quotes from multiple Harrisburg-area lenders since rates can vary based on credit and loan type.
Are there any first-time homebuyer programs specifically available in Harrisburg?
Yes, Harrisburg homebuyers can access the Arkansas Development Finance Authority (ADFA) programs, which offer down payment assistance and competitive rates for first-time buyers. Local lenders frequently work with these programs, and some may offer additional incentives for purchasing within Harrisburg city limits. These programs can significantly reduce upfront costs for eligible buyers in the area.
How does Harrisburg's rural location affect mortgage lending requirements?
Harrisburg's rural designation can work to borrowers' advantage through USDA loans, which offer 100% financing with no down payment required for eligible properties in Poinsett County. However, appraisals might take longer due to fewer comparable sales, and some lenders may have stricter requirements for older homes common in the area. Working with local lenders familiar with Harrisburg's market is crucial.
What types of properties are most common for mortgage financing in Harrisburg?
Harrisburg primarily features single-family homes, many of which are older properties with land, and manufactured homes on owned land. Traditional mortgages work well for site-built homes, while manufactured homes require specialized loans. Lenders in the area are experienced with both property types, but manufactured homes often have different requirements and potentially higher interest rates.
How long does the mortgage approval process typically take in Harrisburg?
The mortgage process in Harrisburg usually takes 30-45 days, similar to national timelines, though rural property appraisals might add extra time. Local lenders with knowledge of Poinsett County can often streamline the process. During peak farming seasons, some delays might occur as appraisers balance agricultural and residential property assessments in the area.
Nearby Cities
Explore mortgage lenders in cities near Harrisburg, AR
Why Choose a Mortgage Lender in Harrisburg?
Local Market Knowledge
Lenders who understand Harrisburg'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 Harrisburg and get competitive rates on your home loan.