The Best Mortgage Lenders in Plainview, AR
Compare verified mortgage lenders serving Plainview, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Plainview
Featured Mortgage Lenders
Centennial Bank
Centennial Bank
Centennial Bank is a highly-rated regional lender with a strong presence in central Arkansas, including service to Plainview. Known for competitive rates and personalized service, they offer a wide range of mortgage products and have built a reputation for reliability and community involvement. With over two decades of experience, they provide local decision-making and dedicated support, making them a top choice for homebuyers in rural areas like Plainview.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with excellent customer ratings and a strong track record of serving Arkansas communities, including Plainview. They are praised for fast loan processing, transparent communication, and a focus on customer satisfaction. Their community engagement and innovative digital tools make them a reliable option for various loan types, with many reviews highlighting efficient and hassle-free experiences.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender known for competitive rates and a user-friendly online platform, serving clients in Plainview and across Arkansas. With decades of experience, they offer a broad array of loan options and are celebrated for their efficiency and high customer satisfaction scores. Their extensive network of loan officers ensures localized support, making them a dependable choice for borrowers seeking flexibility and reliability.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Plainview, AR
What are the current average mortgage rates for homebuyers in Plainview, AR?
Mortgage rates in Plainview typically align with national averages but can be slightly lower due to the rural nature of Yell County. As of recent data, 30-year fixed rates generally range from 6.5% to 7.25%, though these fluctuate with market conditions. Local lenders like banks and credit unions in the Arkansas River Valley often offer competitive rates, so it's wise to compare multiple options.
Are there any first-time homebuyer programs specifically available in Plainview?
Yes, Plainview residents can access the Arkansas Development Finance Authority (ADFA) programs, which offer down payment assistance and competitive fixed-rate mortgages for first-time buyers. Additionally, some local lenders may have special programs for teachers, healthcare workers, or other essential service employees in Yell County. These programs can help with closing costs and lower interest rates for qualifying buyers.
How does Plainview's rural location affect the mortgage appraisal process?
Due to Plainview's rural setting, appraisals may take longer and require appraisers familiar with Yell County's property values, which are influenced by land acreage and proximity to Danville or Dardanelle. Comparable sales ("comps") might be limited, potentially affecting valuation. Working with a lender experienced in rural Arkansas properties can streamline this process and ensure accurate assessments.
What types of properties in Plainview are eligible for USDA rural housing loans?
Most of Plainview and surrounding Yell County qualifies for USDA loans, which offer 100% financing for eligible rural properties. This includes single-family homes, condos, and manufactured homes (if they meet specific criteria) in designated rural areas. Since Plainview has a population under 10,000, many buyers can benefit from this zero-down-payment program, making homeownership more accessible.
Are property taxes in Plainview factored into mortgage calculations, and how do they compare?
Yes, lenders include Plainview's property taxes in your monthly mortgage payment via an escrow account. Yell County has relatively low property tax rates compared to national averages, currently around 0.52% of assessed value. This can make monthly payments more affordable, but it's important to verify exact rates with the Yell County Tax Assessor's office when budgeting for your home purchase.
Why Choose a Mortgage Lender in Plainview?
Local Market Knowledge
Lenders who understand Plainview'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 Plainview and get competitive rates on your home loan.