The Best Mortgage Lenders in Paris, AR
Compare verified mortgage lenders serving Paris, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Paris
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong presence in Arkansas, known for its exceptional customer service and competitive rates. They specialize in serving rural communities like Paris, offering personalized guidance and a wide range of loan options. With nearly three decades of experience, they have built a reputation for reliability and fast processing, making them a preferred choice for homebuyers in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a significant footprint in Arkansas, offering innovative loan products and dedicated support for diverse borrowers, including first-time homebuyers. They are praised for their competitive rates, transparent process, and commitment to community outreach, ensuring clients in Paris and surrounding areas receive tailored solutions and excellent service.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its efficient processing and community-focused approach, serving clients in Paris and across Arkansas. With a emphasis on customer satisfaction and local engagement, they offer a variety of loan programs and are recognized for their speedy closings and supportive guidance, making homeownership accessible and straightforward for residents in the area.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Paris, AR
What are current mortgage rates like for homes in Paris, AR?
Mortgage rates in Paris are typically competitive with national averages, but can vary based on local lenders and property types. As a smaller market, you may find slightly different rates than in major metropolitan areas. It's best to check with local banks and credit unions in Logan County for the most accurate current rates.
Are there any first-time homebuyer programs specific to Paris, AR?
While Paris doesn't have city-specific programs, Arkansas offers several statewide programs that Paris residents can utilize, including the Arkansas Development Finance Authority's (ADFA) down payment assistance programs. These programs often feature competitive interest rates and can be particularly helpful given Paris's affordable housing market compared to larger cities.
How does Paris's rural location affect mortgage lending options?
Paris's rural designation opens up USDA loan opportunities, which offer 100% financing with no down payment required for eligible borrowers. Many properties in and around Paris qualify for USDA rural housing loans, making homeownership more accessible. Local lenders are familiar with these programs and can guide you through the qualification process.
What should I know about property taxes when getting a mortgage in Paris?
Logan County property taxes are relatively low compared to national averages, which can positively impact your debt-to-income ratio and overall mortgage affordability. Current rates are approximately 0.62% of assessed value. Your lender will include these taxes in your monthly mortgage payment through an escrow account.
Are there any local considerations for appraisals in the Paris housing market?
Yes, appraisals in Paris must account for the unique mix of historic downtown properties and newer rural homes. Appraisers familiar with the local market understand the value differences between Mount Magazine views, proximity to downtown, and rural acreage. Working with lenders who use local appraisers ensures accurate property valuations reflective of Paris's specific market conditions.
Why Choose a Mortgage Lender in Paris?
Local Market Knowledge
Lenders who understand Paris'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 Paris and get competitive rates on your home loan.