The Best Mortgage Lenders in Lewisville, AR
Compare verified mortgage lenders serving Lewisville, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewisville
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank is one of the most established and highly-rated regional lenders serving southwest Arkansas, including Lewisville. With over 60 years in business and numerous local branches throughout the region, Arvest offers comprehensive mortgage services with personalized local underwriting. They consistently receive excellent customer reviews for their competitive rates, knowledgeable loan officers, and streamlined application process. Their strong community banking presence in nearby Texarkana and throughout Arkansas makes them a top choice for Lewisville residents seeking reliable mortgage financing with local decision-making.
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Simmons Bank Mortgage
Simmons Bank
Simmons Bank has been serving Arkansas communities for over a century and maintains a strong mortgage lending presence throughout the state, including service to Lewisville area residents. As a well-established regional bank with deep roots in Arkansas, they offer competitive mortgage products with the advantage of local processing and underwriting. Customers consistently praise their responsive service, transparent communication, and expertise with rural property financing that's relevant to the Lewisville market. Their digital mortgage platform combined with local banking expertise provides an excellent balance for modern homebuyers.
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First National Bank Texas
First National Bank Texas
First National Bank Texas has been serving the Ark-La-Tex region for over a century and is a highly-rated mortgage lender for Lewisville residents. With their main headquarters just across the state line in Texarkana, they have deep local knowledge of the housing market in southwest Arkansas. They receive excellent customer feedback for their competitive rates, flexible loan options, and personalized service from experienced local loan officers. Their strong community presence and understanding of rural property financing make them particularly well-suited for Lewisville homebuyers seeking reliable mortgage services from a established regional institution.
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Frequently Asked Questions
Common questions about mortgage lending in Lewisville, AR
What are the current average mortgage rates for homebuyers in Lewisville, AR?
Mortgage rates in Lewisville typically align with national averages but can be slightly higher due to the rural nature of Lafayette County. As of late 2024, you can expect conventional 30-year fixed rates around 6.5-7%, though rates vary by lender, credit score, and loan type. Local lenders like Farmers Bank & Trust often have competitive rates specifically for Lewisville area residents.
Are there any first-time homebuyer programs specifically available in Lewisville?
Yes, the Arkansas Development Finance Authority (ADFA) offers several first-time homebuyer programs accessible to Lewisville residents, including down payment assistance and favorable mortgage rates. Additionally, some local lenders may offer special programs for teachers, healthcare workers, or other essential service employees serving the Lewisville community.
How does Lewisville's rural location affect the mortgage process compared to larger Arkansas cities?
Lewisville's rural setting can mean fewer local lender options, potentially requiring working with regional banks or credit unions. Appraisal processes might take longer as comparable properties can be limited in the immediate area. However, USDA loans are particularly advantageous here since most of Lewisville qualifies for USDA rural housing programs with zero down payment requirements.
What special mortgage considerations should I know about when buying an older home in Lewisville's historic areas?
Many Lewisville homes in the historic district date to the early 1900s, so you'll want to ensure the property meets modern lending standards. FHA 203(k) renovation loans can be valuable for updating these historic properties while keeping them affordable. Be prepared for potentially stricter appraisal requirements and additional inspections for older structural elements and systems.
Are property taxes in Lewisville typically factored into mortgage escrow accounts?
Yes, most Lewisville mortgages include property taxes in escrow accounts, with Lafayette County property taxes being relatively low compared to national averages. Current rates are approximately 0.62% of assessed value, making Lewisville an affordable option for property tax burdens. Your lender will calculate these payments based on the specific property's assessment.
Why Choose a Mortgage Lender in Lewisville?
Local Market Knowledge
Lenders who understand Lewisville'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 Lewisville and get competitive rates on your home loan.