The Best Mortgage Lenders in Paragould, AR
Compare verified mortgage lenders serving Paragould, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Paragould
Featured Mortgage Lenders
First Community Bank Mortgage Department
First Community Bank
First Community Bank stands as Paragould's premier local mortgage lender with deep community roots and exceptional customer satisfaction ratings. As a community bank founded and headquartered in Paragould, they offer personalized service and local underwriting decisions that national lenders can't match. Their mortgage team has extensive experience with Northeast Arkansas real estate markets and specializes in first-time homebuyer programs, agricultural property financing, and competitive construction loans. With consistently high ratings for customer service and local market expertise, they maintain strong relationships with real estate professionals throughout Greene County and surrounding areas.
Loan Types:
Liberty Bank Mortgage Services
Liberty Bank of Arkansas
Liberty Bank has established itself as a trusted mortgage provider in Northeast Arkansas with a strong Paragould presence and excellent customer feedback. As a regional community bank, they combine local decision-making with comprehensive mortgage products tailored to Paragould residents. Their mortgage specialists are praised for their responsiveness and expertise in rural development loans, which are particularly valuable in the Greene County area. The bank consistently receives high marks for transparent communication throughout the loan process and competitive rate offerings, making them a top choice for both purchase and refinance transactions in the region.
Loan Types:
Fairway Independent Mortgage Corporation - Jonesboro
Fairway Independent Mortgage Corporation
While based in nearby Jonesboro, Fairway Independent Mortgage Corporation consistently ranks as one of the highest-rated mortgage lenders serving the Paragould market. With numerous industry awards and exceptional customer reviews, their local loan officers have extensive experience working with Paragould homebuyers. They excel in providing competitive rates and innovative loan programs, particularly strong in VA and FHA lending. The company's reputation for efficient processing and outstanding customer service makes them a popular choice for Paragould residents seeking a mortgage experience that combines national resources with local expertise from a nearby office.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Paragould, AR
What are the current mortgage rates like for homebuyers in Paragould, AR?
Mortgage rates in Paragould typically align with national averages but can vary slightly based on local lender competition. As of recent trends, Paragould buyers can expect conventional 30-year fixed rates in the mid-6% range, though local credit unions like Liberty Bank of Arkansas often offer competitive rates. It's wise to compare rates from both local and national lenders as Paragould's affordable housing market can sometimes yield favorable terms.
Are there any first-time homebuyer programs specifically available in Paragould?
Yes, Paragould homebuyers can access the Arkansas Development Finance Authority (ADFA) programs, which offer down payment assistance and competitive rates for first-time buyers. Additionally, local programs through institutions like First National Bank of Paragould may provide special first-time buyer incentives. These programs are particularly valuable given Paragould's median home prices being below state averages.
How does Paragould's growing economy affect mortgage lending and home values?
Paragould's steady economic growth, driven by employers like Frito-Lay and Hytrol Conveyor, has created stable housing demand and appreciating property values. This economic stability makes lenders more confident in approving mortgages within the city limits. However, home prices remain relatively affordable compared to national averages, making Paragould an attractive market for both lenders and buyers.
What special considerations should I know about when getting a mortgage for a rural property just outside Paragould?
Properties in Greene County outside city limits may qualify for USDA rural development loans, which offer 100% financing with no down payment required. However, you'll need to verify the property's eligibility through the USDA eligibility map. Also, note that some rural properties may require well and septic inspections that could affect loan approval timelines.
Are property taxes in Paragould factored into mortgage calculations differently than other Arkansas cities?
Greene County property taxes are relatively low compared to national averages, typically around 0.62% of assessed value, which positively impacts debt-to-income ratios and mortgage affordability. Lenders will include these tax estimates in your monthly payment calculations through an escrow account. The consistent tax rates in Paragould make housing costs more predictable for long-term budgeting.
Why Choose a Mortgage Lender in Paragould?
Local Market Knowledge
Lenders who understand Paragould'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 Paragould and get competitive rates on your home loan.