The Best Mortgage Lenders in Perryville, AR
Compare verified mortgage lenders serving Perryville, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Perryville
Featured Mortgage Lenders
Arvest Bank
Arvest Bank
Arvest Bank is a highly-rated community bank with deep roots in Arkansas and a strong local presence in Perryville. Known for its personalized service and competitive mortgage rates, Arvest offers a wide range of loan products and has a reputation for reliability and customer satisfaction, supported by decades of experience serving rural and urban communities across the state.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated national mortgage lender with a strong regional office in Little Rock, actively serving Perryville and surrounding areas. It is praised for its efficient processing, diverse loan options, and exceptional customer service, with a focus on first-time homebuyers and refinancing. The company has built a solid reputation for competitive rates and community engagement in Arkansas.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage is a highly-regarded national lender with a dedicated branch in Little Rock that serves Perryville and central Arkansas. It stands out for its fast closing times, transparent pricing, and commitment to local community support. With excellent customer reviews and a focus on innovative technology, Movement Mortgage provides a seamless home financing experience for buyers and refinancers alike.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Perryville, AR
What are current mortgage rates like for homes in Perryville, AR?
Mortgage rates in Perryville typically align with national averages but can vary based on local lender competition and property types. As of recent trends, rates for 30-year fixed mortgages in Perry County generally range from the mid-6% to low-7% range. It's recommended to check with local Perryville lenders like First Service Bank or Chambers Bank for the most current rates and any special promotions.
Are there any first-time homebuyer programs specifically available in Perryville?
Yes, Perryville homebuyers can access the Arkansas Development Finance Authority's (ADFA) down payment assistance programs, which offer competitive interest rates and up to 4% of the loan amount in down payment assistance. Additionally, some local lenders may offer special programs for Perry County residents, particularly for those purchasing in designated rural areas that qualify for USDA loans.
How does Perryville's rural location affect mortgage options?
Perryville's rural designation opens up valuable USDA loan opportunities, which offer 100% financing with no down payment required for eligible borrowers. Many properties in and around Perryville qualify for these USDA Rural Development loans, making homeownership more accessible. However, some lenders may have specific requirements for rural property types common in Perry County.
What should I know about property taxes when getting a mortgage in Perryville?
Perry County has relatively low property tax rates compared to national averages, currently around 0.62% of assessed value. When calculating your mortgage payment, lenders will typically estimate annual taxes at approximately $620 per $100,000 of home value. These taxes are generally escrowed as part of your monthly mortgage payment for conventional loans.
Are there any local considerations for manufactured home financing in Perryville?
Yes, given Perryville's rural character, manufactured homes are common and can be financed through FHA, VA, or USDA loans with specific requirements. Local lenders familiar with Perry County are often more experienced with manufactured home financing than larger national lenders. The home must meet HUD certification standards and be permanently affixed to a foundation to qualify for most mortgage programs.
Why Choose a Mortgage Lender in Perryville?
Local Market Knowledge
Lenders who understand Perryville'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 Perryville and get competitive rates on your home loan.