The Best Mortgage Lenders in Harrison, AR
Compare verified mortgage lenders serving Harrison, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrison
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank is one of the most established and highly-rated mortgage lenders serving Harrison with deep roots in Arkansas communities. They maintain a perfect 5-star rating from local customers for their personalized service and competitive rates. As a community-focused bank with multiple branches in the area, they offer the advantage of local decision-making and relationship banking. Their mortgage team has extensive experience with rural housing loans and USDA programs that are particularly relevant to the Harrison area, making them a top choice for both purchase and refinance transactions.
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Centennial Bank Mortgage
Centennial Bank
Centennial Bank has built an outstanding reputation in Harrison and throughout northern Arkansas for their responsive mortgage lending services. They consistently receive high marks for their local underwriting authority and efficient closing processes. The Harrison branch features experienced loan officers who understand the unique aspects of the local real estate market, including rural property financing and construction lending. Their competitive rates combined with personalized service have earned them numerous local awards and strong customer loyalty throughout the region.
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Academy Mortgage
Academy Mortgage Corporation
While based in Fayetteville, Academy Mortgage's highly-rated team actively serves the Harrison market and has developed an exceptional reputation throughout northwest Arkansas. They maintain nearly perfect customer satisfaction ratings for their streamlined processes and expert guidance through complex loan scenarios. Their local loan officers are particularly skilled with VA loans and first-time homebuyer programs, offering competitive rates and exceptional communication throughout the mortgage process. Despite being located in Fayetteville, they regularly conduct business in Harrison and have extensive experience with properties throughout Boone County.
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Frequently Asked Questions
Common questions about mortgage lending in Harrison, AR
What are the current average mortgage rates for homebuyers in Harrison, AR?
Mortgage rates in Harrison typically align with national averages but can be slightly lower due to the area's lower cost of living and competitive local lenders. As of late 2024, 30-year fixed rates in Harrison generally range from 6.5% to 7.2%, though rates vary by lender, loan type, and borrower qualifications. It's advisable to compare offers from local credit unions like Liberty Bank of Arkansas and regional banks for the best terms.
Are there any first-time homebuyer programs specifically available in Harrison?
Yes, Harrison 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, local lenders may provide special programs for teachers, healthcare workers, or other essential service employees in the Harrison community. These programs can significantly reduce upfront costs for qualified buyers in Boone County.
How does Harrison's rural location affect mortgage lending options?
Harrison's designation as a rural area makes buyers eligible for USDA loans, which offer 100% financing with no down payment required - a significant advantage in this market. However, some national lenders may have limited presence here, so working with local banks and credit unions familiar with Boone County property values is often beneficial. The rural character also means appraisals might take slightly longer than in urban areas.
What unique closing costs should I expect when getting a mortgage in Harrison?
Beyond standard closing costs, Harrison homebuyers should budget for Boone County-specific fees including transfer taxes, recording fees, and potentially higher title insurance costs due to the area's agricultural history and mineral rights considerations. Local lenders typically provide detailed estimates showing these county-specific charges, which generally total 2-4% of the home's purchase price.
How does Harrison's stable but slower-growing housing market impact mortgage approval?
Harrison's steady, predictable housing market generally makes lenders more comfortable with appraisals and loan-to-value ratios, potentially easing approval for well-qualified buyers. However, the limited inventory of newer homes means older properties may require more thorough inspections and potentially affect loan terms. Local lenders understand these market dynamics and can guide buyers through the specific underwriting considerations for Boone County properties.
Nearby Cities
Explore mortgage lenders in cities near Harrison, AR
Why Choose a Mortgage Lender in Harrison?
Local Market Knowledge
Lenders who understand Harrison'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 Harrison and get competitive rates on your home loan.