The Best Mortgage Lenders in Knoxville, AR
Compare verified mortgage lenders serving Knoxville, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Knoxville
Featured Mortgage Lenders
Arvest Mortgage
Arvest Bank
Arvest Bank is one of the most established and highly-rated mortgage lenders serving Northwest Arkansas, including Knoxville. With over 60 years of experience and deep community roots, Arvest offers competitive rates and personalized service through their local mortgage specialists. They consistently receive excellent customer reviews for their streamlined application process, knowledgeable loan officers, and commitment to helping borrowers find the right mortgage solution. Their extensive branch network throughout Arkansas ensures convenient local service and support.
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First Security Bank Mortgage
First Security Bank
First Security Bank has been serving Arkansas communities for over 75 years and maintains a strong presence in the River Valley region, including Knoxville. They are particularly praised for their competitive construction and USDA loan programs, which are ideal for rural areas like Knoxville. Customers consistently rate them highly for their responsive service, local decision-making, and expertise in Arkansas real estate markets. Their mortgage team includes experienced professionals who understand the unique needs of Johnson County residents.
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Bank of England Mortgage
Bank of England Mortgage
Bank of England Mortgage has built an exceptional reputation across Arkansas with consistently high customer satisfaction ratings. While headquartered in England, Arkansas, they serve clients throughout the state including Knoxville, and are particularly noted for their competitive rates and flexible loan programs. They specialize in both purchase and refinance transactions with a focus on personalized service. Their experienced loan officers are praised for their responsiveness and ability to navigate complex mortgage scenarios, making them a top choice for Knoxville area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Knoxville, AR
What are the current average mortgage rates for homebuyers in Knoxville, AR?
Mortgage rates in Knoxville, AR, typically align with national averages but can be slightly higher due to the rural nature of the area and smaller local lender competition. As of recent data, 30-year fixed rates generally range from 6.5% to 7%, but it's best to check with local Arkansas lenders like Arvest Bank or First National Bank of Scott County for the most accurate, personalized rates.
Are there any first-time homebuyer programs available specifically in Knoxville, AR?
Yes, Knoxville homebuyers can utilize the Arkansas Development Finance Authority (ADFA) programs, which offer down payment assistance and competitive fixed-rate mortgages for first-time buyers. These programs are accessible statewide, including in Knoxville, and can provide grants or second mortgages to help cover down payment and closing costs for eligible applicants.
How does Knoxville's rural location affect the mortgage appraisal process?
In Knoxville's rural setting, appraisals can take longer and may require appraisers to travel from larger cities like Fort Smith or Little Rock, potentially increasing costs. Unique properties with large acreage or limited comparable home sales in the area might also lead to more conservative valuations, so it's wise to work with a lender experienced in rural Arkansas properties.
What types of properties in Knoxville are eligible for USDA loans, and who qualifies?
Most of Knoxville and surrounding Pope County is eligible for USDA Rural Development loans, which offer 100% financing for moderate-income buyers. Eligible properties are typically single-family homes in designated rural areas, and borrowers must meet income limits—generally up to $110,650 for a 1-4 person household in Pope County—making this a popular option for local buyers.
Are property taxes in Knoxville, AR, factored into mortgage calculations, and how do they compare?
Yes, property taxes are included in your monthly mortgage escrow payment. Knoxville and Pope County have relatively low property tax rates compared to national averages, currently around 0.62% of assessed value. This can make homeownership more affordable, but your lender will still collect and pay these taxes as part of your regular mortgage payment.
Why Choose a Mortgage Lender in Knoxville?
Local Market Knowledge
Lenders who understand Knoxville'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 Knoxville and get competitive rates on your home loan.