The Best Mortgage Lenders in Havana, AR
Compare verified mortgage lenders serving Havana, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Havana
Featured Mortgage Lenders
Mortgage Department
Chambers Bank
Chambers Bank is a highly-rated regional bank with deep roots in the Arkansas River Valley area, serving Havana and surrounding communities for over 90 years. Their mortgage department receives exceptional customer reviews for personalized service, competitive rates, and local decision-making. As a community-focused institution, they specialize in understanding the unique needs of rural Arkansas homebuyers and offer comprehensive mortgage solutions including USDA loans perfect for the Havana area.
Loan Types:
Mortgage Lending Division
Arvest Bank
Arvest Bank has been serving Arkansas communities for over six decades with a strong mortgage lending division that consistently earns high customer satisfaction ratings. Their Russellville branch serves the Havana area with experienced local loan officers who understand the regional market. Arvest is particularly noted for their competitive construction loan programs and first-time homebuyer assistance, making them an excellent choice for Havana residents seeking personalized mortgage solutions.
Loan Types:
Mortgage Services
First Security Bank
First Security Bank is another well-established Arkansas institution with a strong mortgage lending presence in the River Valley region serving Havana. With nearly a century of community banking experience, they offer local underwriting and decision-making that benefits rural homebuyers. Customers consistently praise their responsive service, transparent process, and expertise with USDA rural development loans that are particularly relevant for the Havana area. Their long-standing commitment to Arkansas communities makes them a trusted mortgage partner.
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Frequently Asked Questions
Common questions about mortgage lending in Havana, AR
What are current mortgage rates like for homebuyers in Havana, AR?
Mortgage rates in Havana are typically competitive with national averages, but local lenders may offer slightly different rates based on property location and loan type. As of 2024, rates for 30-year fixed mortgages in the area generally range from 6.5% to 7.25%, though this can vary based on credit score and down payment amount. It's best to compare offers from both local Arkansas banks and national lenders.
Are there any first-time homebuyer programs specifically available in Havana?
Yes, Havana 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 Havana residents. These programs can be particularly helpful given Havana's median home prices being below state averages.
How does Havana's rural location affect mortgage lending requirements?
Havana's designation as a rural area can work to borrowers' advantage through USDA loans, which offer 100% financing with no down payment required. Many properties in and around Havana qualify for USDA Rural Development loans, making homeownership more accessible. However, appraisals might take slightly longer due to fewer comparable properties in the area.
What unique closing costs should I expect when buying a home in Havana?
In addition to standard closing costs, Havana homebuyers should budget for Yell County-specific fees including recording fees and transfer taxes. Title insurance costs may be slightly lower than urban areas, but you might encounter additional costs for well and septic inspections given the rural nature of many Havana properties.
How long does the mortgage approval process typically take in Havana's housing market?
The mortgage process in Havana typically takes 30-45 days, similar to most areas, but can be affected by the availability of local appraisers familiar with the area's unique property types. Working with lenders experienced in Yell County real estate can help streamline the process, as they understand local property valuation challenges.
Nearby Cities
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Why Choose a Mortgage Lender in Havana?
Local Market Knowledge
Lenders who understand Havana'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 Havana and get competitive rates on your home loan.