The Best Mortgage Lenders in Higden, AR
Compare verified mortgage lenders serving Higden, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Higden
Featured Mortgage Lenders
Centennial Bank
Centennial Bank
Centennial Bank is a highly-rated regional lender with a strong presence in Cleburne County, including service to Higden. Known for its personalized customer service and competitive mortgage rates, the bank has built a reputation for reliability and community focus over 26 years. Customers frequently praise their efficient loan processing and local decision-making, making them a top choice for home loans in rural Arkansas areas.
Loan Types:
First Community Bank
First Community Bank
First Community Bank has served Central Arkansas for nearly three decades, with a dedicated focus on residential mortgages in communities like Higden. Highly regarded for its exceptional customer satisfaction and local expertise, the bank offers a wide range of loan products with transparent terms. Their long-standing commitment to the region and high review ratings reflect their ability to provide tailored solutions and supportive guidance throughout the home buying process.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a strong local presence in Arkansas, serving Higden and surrounding areas. With nearly three decades of experience, they are praised for competitive rates, rapid closing times, and exceptional customer service. Their extensive loan options and dedicated local loan officers make them a top choice for borrowers seeking reliable and efficient mortgage solutions, backed by hundreds of positive reviews highlighting their professionalism and support.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Higden, AR
What are the current mortgage rates like in Higden, AR?
Mortgage rates in Higden typically align with national averages but can vary slightly based on local lender competition and property types. As of recent trends, you might find conventional 30-year fixed rates around 6.5-7%, though rural properties common in Cleburne County may have slightly different terms. It's best to check with local Arkansas lenders like First Service Bank or Centennial Bank for the most current rates.
Are there any special mortgage programs for first-time homebuyers in Higden?
Yes, Higden residents can access the Arkansas Development Finance Authority's (ADFA) First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, USDA loans are particularly relevant for Higden given its rural designation in Cleburne County, offering 100% financing with no down payment required for eligible borrowers and properties.
How does Higden's rural location affect mortgage lending options?
Higden's rural classification opens up valuable USDA loan opportunities that aren't available in urban areas, including 100% financing with no down payment. However, it may mean fewer local lender branches, requiring some buyers to work with lenders in nearby cities like Heber Springs or Greers Ferry. Appraisal processes might also consider the unique aspects of rural properties and land values.
What should I know about property taxes when getting a mortgage in Higden?
Cleburne County property taxes are relatively low compared to national averages, typically around 0.62% of assessed value. Your mortgage lender will factor these taxes into your monthly payment through an escrow account. It's important to note that while Higden itself doesn't have city property taxes, you'll still pay county taxes that support local services and schools.
Are there any local considerations for vacation or second home mortgages in Higden?
Given Higden's location near Greers Ferry Lake, vacation home mortgages are common but come with different requirements. Lenders typically require larger down payments (10-20%) and may have stricter credit requirements for second homes. Interest rates are also usually 0.25-0.50% higher than primary residence loans, and insurance costs may be higher due to the lakefront location.
Why Choose a Mortgage Lender in Higden?
Local Market Knowledge
Lenders who understand Higden'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 Higden and get competitive rates on your home loan.