The Best Mortgage Lenders in North Little Rock, AR
Compare verified mortgage lenders serving North Little Rock, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in North Little Rock
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank stands as one of the most trusted and established mortgage lenders in Central Arkansas, with deep roots serving both Little Rock and North Little Rock communities. Their mortgage division consistently receives exceptional ratings for personalized service, competitive rates, and extensive local market knowledge. As a community-focused bank with multiple branches throughout the area, they offer the advantage of local decision-making combined with the resources of a regional financial institution. Their mortgage specialists are particularly praised for guiding first-time homebuyers through the entire process with patience and expertise.
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Simmons Bank Mortgage
Simmons Bank
Simmons Bank brings over a century of banking experience to the North Little Rock mortgage market, offering comprehensive lending solutions with a strong regional presence. Their mortgage team is highly regarded for responsive communication and streamlined loan processes. As an Arkansas-based institution, they have deep understanding of local property markets and community needs. Customers consistently praise their competitive rates, minimal fees, and the ability to close loans efficiently. Their long-standing reputation for financial stability and community commitment makes them a top choice for home financing in the metro area.
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First Security Bank Mortgage
First Security Bank
First Security Bank has been serving Arkansas communities for generations, building a strong reputation for reliable mortgage lending with exceptional customer service. Their mortgage specialists receive high marks for attention to detail and creative problem-solving, particularly for borrowers with unique financial situations. The bank maintains strong relationships with local real estate professionals and offers specialized construction lending programs that are popular in the growing North Little Rock market. Their commitment to Arkansas homeowners is demonstrated through flexible loan terms and personalized guidance throughout the homebuying journey.
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Frequently Asked Questions
Common questions about mortgage lending in North Little Rock, AR
What are the current average mortgage rates for homebuyers in North Little Rock, AR?
Mortgage rates in North Little Rock typically align with national averages but can vary by lender. As of recent data, 30-year fixed rates generally range from 6.5% to 7.25%, while 15-year fixed rates are around 5.75% to 6.5%. Local credit unions like Arkansas Federal Credit Union often offer competitive rates, so it's wise to compare multiple lenders.
Are there any first-time homebuyer programs specifically available in North Little Rock?
Yes, the Arkansas Development Finance Authority (ADFA) offers the Down Payment Assistance (DPA) program, which provides up to 4% of the loan amount to help with down payment and closing costs. This program is available to North Little Rock residents who meet income and credit requirements, making homeownership more accessible for first-time buyers in the area.
How does North Little Rock's property tax structure affect my mortgage payments?
Pulaski County, which includes North Little Rock, has an average property tax rate of approximately 0.94% of assessed value. This means for a $200,000 home, you'd pay about $1,880 annually in property taxes, which would be included in your monthly mortgage escrow payment. North Little Rock's rates are slightly lower than the national average, providing some affordability advantage.
What unique closing costs should I expect when buying a home in North Little Rock?
Beyond standard closing costs, North Little Rock homebuyers should budget for specific local fees including Pulaski County recording fees ($15 for the first page plus $3 for each additional page), mortgage registration tax, and potential city-specific transfer taxes. Working with a local lender familiar with North Little Rock transactions can help accurately estimate these costs upfront.
How competitive is the North Little Rock housing market for mortgage financing?
North Little Rock's housing market remains moderately competitive with median home prices around $175,000-$200,000. While not as heated as some national markets, well-priced homes in desirable neighborhoods like Park Hill or Lakewood often receive multiple offers. Having mortgage pre-approval from a reputable local lender strengthens your position when making offers in these popular areas.
Nearby Cities
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Why Choose a Mortgage Lender in North Little Rock?
Local Market Knowledge
Lenders who understand North Little Rock'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 North Little Rock and get competitive rates on your home loan.