The Best Mortgage Lenders in Jefferson, AR
Compare verified mortgage lenders serving Jefferson, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jefferson
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong presence in Arkansas, serving Jefferson and surrounding areas. Known for exceptional customer service and competitive rates, they have numerous positive reviews highlighting their efficient processing and personalized guidance. Their long-standing reputation since 1996 and high ratings make them a reliable choice for homebuyers seeking various loan options with local expertise.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a dedicated office in Little Rock, providing services to Jefferson and central Arkansas. They excel in offering diverse loan programs and are praised for their responsive support and competitive rates. Founded in 2003, they have built a solid track record of customer satisfaction, with reviews often noting their transparency and ease of the mortgage process.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender with a strong regional presence, including service to Jefferson and nearby communities. They are known for their streamlined digital processes and community involvement, earning high marks for customer care and fast closings. Established in 2008, they have garnered positive reviews for their innovative approach and commitment to making home financing accessible, making them a trusted option for Arkansas residents.
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Frequently Asked Questions
Common questions about mortgage lending in Jefferson, AR
What are the current average mortgage rates for homebuyers in Jefferson, AR?
Mortgage rates in Jefferson typically align with national averages but can be slightly lower due to the area's lower cost of living. As of recent data, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. Local lenders like Simmons Bank and Regions Bank often offer competitive rates specifically for Jefferson County residents.
Are there any first-time homebuyer programs specifically available in Jefferson, AR?
Yes, the Arkansas Development Finance Authority (ADFA) offers several first-time homebuyer programs accessible to Jefferson residents, including down payment assistance and favorable mortgage rates. Additionally, some local lenders provide special programs for teachers, healthcare workers, and military personnel serving in the Jefferson area.
How does Jefferson's flood zone designation affect mortgage requirements?
Given Jefferson's location near the Arkansas River and historical flooding concerns, many properties require flood insurance, which lenders will mandate for mortgages in designated flood zones. Your lender will order a flood certification during the mortgage process, and this additional insurance cost should be factored into your monthly housing expenses.
What types of properties are most common in Jefferson's mortgage market?
Jefferson's mortgage market primarily consists of single-family homes, many of which are older properties with unique maintenance considerations that can affect loan approvals. You'll also find manufactured homes on permanent foundations, which are eligible for FHA and VA loans through local lenders familiar with these property types common in the area.
Are there local property tax considerations I should know about when getting a mortgage in Jefferson?
Jefferson County property taxes are relatively low compared to national averages, currently around 0.62% of assessed value. However, Pine Bluff residents within Jefferson pay additional city taxes. Your mortgage lender will help estimate these costs for escrow account setup, and first-time homeowners may qualify for homestead tax credits.
Why Choose a Mortgage Lender in Jefferson?
Local Market Knowledge
Lenders who understand Jefferson'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 Jefferson and get competitive rates on your home loan.