The Best Mortgage Lenders in Jonesboro, AR
Compare verified mortgage lenders serving Jonesboro, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jonesboro
Featured Mortgage Lenders
Centennial Bank Mortgage Team
Centennial Bank
Centennial Bank is a highly-rated regional lender deeply embedded in the Jonesboro community, known for its personalized service and competitive mortgage rates. With over two decades of experience, they offer a wide range of loan products and have built a strong reputation for reliability and local expertise, making them a top choice for homebuyers in Northeast Arkansas.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a strong regional presence serving Jonesboro from their Memphis office. They are acclaimed for exceptional customer service, fast loan processing, and competitive rates. Their experienced loan officers provide tailored solutions, earning high praise for transparency and support throughout the mortgage process.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage combines innovative digital tools with local expertise to serve Jonesboro homebuyers efficiently. Known for their streamlined application process and dedicated customer support, they offer competitive rates and a variety of loan options. Their strong community involvement and high customer satisfaction ratings make them a trusted choice for mortgages in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Jonesboro, AR
What are the current average mortgage rates for homebuyers in Jonesboro, AR?
Mortgage rates in Jonesboro typically align with national averages but can vary by lender. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.25%, depending on credit score and loan type. Local lenders like First National Bank of NEA or Centennial Bank often offer competitive rates specifically for Jonesboro homebuyers.
Are there any first-time homebuyer programs specifically available in Jonesboro?
Yes, the Arkansas Development Finance Authority (ADFA) offers several first-time homebuyer programs accessible to Jonesboro residents, including down payment assistance and favorable mortgage rates. Additionally, some local lenders provide special programs for educators, healthcare workers, and other essential workers employed in the Jonesboro area.
How does Jonesboro's growing real estate market affect mortgage lending requirements?
Jonesboro's steady population growth and strong housing demand have led to competitive home buying conditions. Lenders may require stronger credit profiles (typically 640+ FICO) and larger down payments to mitigate risk in this active market. However, the area's stable economy centered around Arkansas State University and healthcare makes Jonesboro an attractive market for lenders.
What unique closing costs should I expect when getting a mortgage in Jonesboro?
Beyond standard closing costs, Jonesboro homebuyers should budget for Craighead County-specific fees including transfer taxes, recording fees, and property tax prorations. Title insurance rates in Northeast Arkansas are generally competitive, but it's wise to get quotes from local title companies like Landmark Title or Stewart Title of Jonesboro for accurate estimates.
Are USDA loans a good option for homebuyers in Jonesboro given its location?
Absolutely! Much of Jonesboro and surrounding Craighead County qualifies for USDA rural development loans, which offer 100% financing with no down payment required. This makes USDA loans particularly attractive for moderate-income buyers in Jonesboro looking to purchase homes in eligible areas, which include many neighborhoods throughout the city.
Nearby Cities
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Why Choose a Mortgage Lender in Jonesboro?
Local Market Knowledge
Lenders who understand Jonesboro'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 Jonesboro and get competitive rates on your home loan.