The Best Mortgage Lenders in Manila, AR
Compare verified mortgage lenders serving Manila, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Manila
Featured Mortgage Lenders
Arvest Mortgage
Arvest Bank
Arvest Mortgage stands out as one of the most reputable regional lenders serving Manila and Northeast Arkansas. With deep roots in the community and multiple branches throughout the region, Arvest offers personalized service combined with competitive rates. Their mortgage team has extensive experience with rural housing loans and USDA programs that are particularly relevant to the Manila area. Customers consistently praise their responsive loan officers, streamlined application process, and local decision-making authority that ensures quick closings.
Loan Types:
Centennial Bank Mortgage
Home BancShares, Inc.
Centennial Bank has established itself as a leading mortgage provider throughout Arkansas with strong presence in Northeast Arkansas. Their local mortgage specialists understand the unique needs of Manila area homebuyers and offer specialized knowledge of rural property financing. The bank receives high marks for their competitive rates, transparent fee structure, and commitment to customer education throughout the homebuying process. Their construction-to-permanent loan programs are particularly popular in the growing Manila region.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corp.
Fairway Independent Mortgage maintains one of the highest customer satisfaction ratings in the region with their Jonesboro branch actively serving Manila residents. As a mortgage-specific lender rather than a full-service bank, they specialize exclusively in home loans, allowing for greater expertise and efficiency. Their loan officers are praised for exceptional communication, creative problem-solving for unique financing situations, and ability to secure competitive rates through their extensive network of investors. The company consistently ranks among the top mortgage originators nationally while maintaining strong local service.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Manila, AR
What are the current mortgage interest rates like for homes in Manila, AR?
Mortgage rates in Manila are typically competitive with national averages, but can be influenced by local economic factors. Currently, 30-year fixed rates generally range from the high 6% to low 7% range. It's best to check with local lenders like those in Jonesboro for the most accurate, up-to-date rates as they can vary based on your credit profile and loan type.
Are there any down payment assistance programs available for homebuyers in Manila?
Yes, the Arkansas Development Finance Authority (ADFA) offers down payment assistance programs like the HomeToOwn loan, which provides up to 5% of the loan amount for down payment and closing costs. These programs are available statewide to eligible buyers in Manila, particularly benefiting first-time homebuyers and those with moderate incomes looking to purchase in the area.
How does Manila's rural location affect my mortgage options?
Manila's rural designation makes you potentially eligible for USDA loans, which offer 100% financing with no down payment required. This is a significant advantage for qualified buyers in the Manila area. Additionally, some lenders may offer specialized rural housing programs that aren't available in urban markets.
What should I know about property taxes and insurance when getting a mortgage in Manila?
Mississippi County, where Manila is located, has relatively low property tax rates compared to national averages, which can help with overall mortgage affordability. However, you'll want to factor in flood insurance costs since much of Manila is in a flood zone, which can add to your monthly mortgage payment through escrow.
Are there any special considerations for first-time homebuyers in Manila?
First-time buyers in Manila should explore ADFA's Mortgage Credit Certificate program, which provides a federal tax credit for a portion of mortgage interest paid. Given Manila's affordable housing market, many first-time buyers find they can qualify for homes well within program limits, and local lenders are familiar with guiding buyers through these specialized programs.
Why Choose a Mortgage Lender in Manila?
Local Market Knowledge
Lenders who understand Manila'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 Manila and get competitive rates on your home loan.