The Best Mortgage Lenders in Hazen, AR
Compare verified mortgage lenders serving Hazen, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hazen
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank stands as one of the most trusted regional mortgage lenders serving the Hazen area through their nearby Stuttgart branch. With over 60 years of community banking experience, they offer personalized mortgage services with local decision-making authority. Their mortgage specialists provide competitive rates on all loan types including specialized rural housing loans perfect for the Hazen community. Arvest consistently receives excellent customer satisfaction ratings for their responsive service and deep understanding of local real estate markets throughout Arkansas.
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First Security Bank Mortgage
First Security Bank
First Security Bank has been serving Arkansas communities for over 75 years with a strong mortgage lending division that covers the Hazen area. They are particularly noted for their competitive USDA and FHA loan programs that benefit rural homebuyers. Their mortgage team provides local underwriting and processing, ensuring quick turnaround times and personalized service. First Security maintains excellent ratings for their transparent pricing, educational approach with first-time buyers, and long-standing commitment to Arkansas communities.
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Simmons Bank Mortgage
Simmons Bank
Simmons Bank brings over a century of banking experience to mortgage lending throughout Arkansas, including dedicated service to the Hazen area. As one of the largest Arkansas-based financial institutions, they offer comprehensive mortgage solutions with competitive rates and local expertise. Their mortgage team is particularly skilled with rural property financing and construction loans, making them an excellent choice for Hazen residents. Simmons receives consistently high marks for their professional service, wide range of loan products, and commitment to the communities they serve.
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Frequently Asked Questions
Common questions about mortgage lending in Hazen, AR
What are the current average mortgage rates for homebuyers in Hazen, AR?
Mortgage rates in Hazen typically align with national averages but can vary slightly based on local lenders. As of 2024, you can expect 30-year fixed rates around 6.5-7% and 15-year fixed rates around 5.75-6.25%. It's best to check with local Hazen lenders like First National Bank of Hazen or Generations Bank for the most accurate, current rates.
Are there any first-time homebuyer programs specifically available in Hazen?
Yes, Hazen residents can access the Arkansas Development Finance Authority's (ADFA) First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for Hazen teachers, healthcare workers, or other essential service employees serving the community.
How does Hazen's rural location affect mortgage lending options?
Hazen's rural designation makes many properties eligible for USDA loans, which offer 100% financing with no down payment required. This is particularly beneficial for moderate-income buyers in the Hazen area. However, you'll want to verify the property's USDA eligibility since not all areas within city limits may qualify.
What unique closing costs should I expect when buying a home in Hazen?
Beyond standard closing costs, Hazen homebuyers should budget for specific local fees including Prairie County recording fees, Hazen city transfer taxes, and potentially rural property-specific inspections. These typically add $1,500-$3,000 to your closing costs compared to the statewide average.
How does Hazen's stable agricultural economy impact mortgage approval?
Hazen's strong agricultural and industrial base provides stable employment, which lenders view favorably during mortgage underwriting. However, self-employed buyers in farming or related industries should be prepared with 2+ years of tax returns and detailed income documentation, as lenders may scrutinize variable agricultural income more closely.
Why Choose a Mortgage Lender in Hazen?
Local Market Knowledge
Lenders who understand Hazen'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 Hazen and get competitive rates on your home loan.