The Best Mortgage Lenders in Huttig, AR
Compare verified mortgage lenders serving Huttig, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huttig
Featured Mortgage Lenders
Simmons Bank Mortgage Department
Simmons Bank
Simmons Bank is a well-established regional financial institution with deep roots in southern Arkansas. As one of the largest banks serving the Huttig area, they offer comprehensive mortgage services with local decision-making and personalized service. Their mortgage team has extensive experience with rural property financing and USDA loans, which are particularly relevant for the Huttig community. With multiple branches throughout the region and a long history of serving Arkansas communities, they provide competitive rates and local underwriting expertise that understands the unique aspects of rural property financing in Union County.
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Centennial Bank Mortgage Division
Centennial Bank
Centennial Bank has a strong regional presence throughout southern Arkansas and specifically serves the Huttig area through their El Dorado location. They specialize in residential mortgage lending with particular expertise in rural housing loans and first-time homebuyer programs. Their local loan officers have extensive knowledge of Union County real estate markets and offer personalized service throughout the mortgage process. The bank is known for its competitive rates on USDA loans, which are ideal for Huttig residents, and they maintain strong relationships with local real estate professionals in the area.
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Regions Mortgage
Regions Bank
Regions Bank operates a full-service mortgage division that actively serves the Huttig area through their El Dorado branch location. They offer a comprehensive range of mortgage products with special attention to rural community needs, including USDA direct and guaranteed loans that are particularly suitable for Huttig homebuyers. Their mortgage specialists have extensive experience with Arkansas property financing and provide local processing and underwriting support. Regions is recognized for their digital mortgage tools combined with in-person service, making them accessible to Huttig residents while maintaining the personal touch of local banking relationships.
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Frequently Asked Questions
Common questions about mortgage lending in Huttig, AR
What are the current average mortgage rates for homebuyers in Huttig, AR?
Mortgage rates in Huttig typically align with national averages but can vary based on local lenders. Currently, 30-year fixed rates hover around 6.5-7%, though Union County residents may find slightly better terms through local credit unions or community banks that understand the area's stable, rural housing market.
Are there any first-time homebuyer programs specifically available in Huttig?
Yes, the Arkansas Development Finance Authority (ADFA) offers its HomeToOwn program statewide, which provides competitive interest rates and down payment assistance. Huttig residents may also qualify for USDA Rural Development loans, which are particularly relevant given the town's rural designation and can offer 100% financing options.
How does Huttig's rural location affect mortgage lending options?
Huttig's rural classification opens up valuable USDA loan opportunities that aren't available in urban areas. Many local lenders are familiar with these programs and can help navigate requirements. The town's stable but limited housing inventory means appraisals might require comparables from nearby communities like El Dorado.
What special considerations should I know about when getting a mortgage for an older home in Huttig?
Many homes in Huttig were built decades ago, so lenders may require additional inspections for older properties. FHA 203(k) renovation loans can be particularly useful here, allowing you to finance both purchase and repairs. Local appraisers are familiar with valuing historic properties common in this area.
Are property taxes in Huttig typically included in mortgage escrow accounts?
Yes, most lenders in Union County include property taxes in escrow accounts given Huttig's relatively low but consistent tax rates. Annual property taxes on a median-priced home in Huttig typically range from $400-$800, making monthly escrow payments manageable while ensuring taxes are paid on time.
Why Choose a Mortgage Lender in Huttig?
Local Market Knowledge
Lenders who understand Huttig'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 Huttig and get competitive rates on your home loan.