The Best Mortgage Lenders in Romance, AR
Compare verified mortgage lenders serving Romance, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Romance
Featured Mortgage Lenders
Mortgage Department
Arvest Bank
Arvest Bank is one of Arkansas's most established and highly-rated mortgage lenders with multiple branches serving the Romance area. With over 60 years of community banking experience, they offer personalized mortgage services and competitive rates. Their local loan officers understand the unique needs of central Arkansas homeowners and provide exceptional customer service throughout the loan process. Arvest consistently receives high marks for their responsive communication and smooth closing processes.
Loan Types:
Mortgage Lending Division
First Security Bank
First Security Bank is a well-respected Arkansas-based financial institution with a strong mortgage lending division that serves the Romance area. With deep roots in the community spanning over 75 years, they offer comprehensive mortgage solutions and local underwriting expertise. Customers consistently praise their competitive rates, transparent process, and knowledgeable loan officers who provide personalized guidance. Their long-standing reputation for reliability makes them a top choice for central Arkansas homebuyers.
Loan Types:
Mortgage Services
Centennial Mortgage Advisors
Centennial Mortgage Advisors is a highly-rated mortgage brokerage firm serving the entire central Arkansas region, including Romance. With over 25 years of experience, they leverage relationships with multiple lenders to secure competitive rates and flexible terms for their clients. Their team of experienced mortgage professionals provides personalized service and expert guidance through the entire home financing process. Customers consistently commend their responsiveness, attention to detail, and ability to navigate complex loan scenarios successfully.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Romance, AR
What are the current mortgage rates like for homes in Romance, AR?
Mortgage rates in Romance typically align with national averages but can be slightly lower due to the area's rural classification and lower cost of living. As of late 2023, 30-year fixed rates in the area generally range from 6.5% to 7.25%, but it's best to check with local Arkansas lenders like First Service Bank or Centennial Bank for the most current quotes.
Are there any first-time homebuyer programs specific to Romance, AR?
Yes, first-time homebuyers in Romance can utilize the Arkansas Development Finance Authority (ADFA) programs, which offer competitive interest rates and down payment assistance. These programs are particularly beneficial in Romance's affordable housing market, where median home prices are below state averages.
How does Romance's rural location affect mortgage lending requirements?
Romance's rural designation makes some properties eligible for USDA loans, which offer 100% financing with no down payment required. However, properties must meet USDA eligibility criteria, and buyers must meet income limits, which are generally higher in this area due to its proximity to the Little Rock metro region.
What unique property considerations should I know about when getting a mortgage in Romance?
Many properties in Romance feature larger lots and may include agricultural elements, which can require special appraisal considerations. Lenders may require additional inspections for outbuildings, wells, or septic systems, which are common in this semi-rural community north of Little Rock.
How long does the mortgage approval process typically take in Romance's real estate market?
The mortgage process in Romance typically takes 30-45 days, similar to surrounding areas. However, working with local lenders familiar with Faulkner County's recording procedures and property types can help streamline the process, especially for properties with unique rural characteristics.
Why Choose a Mortgage Lender in Romance?
Local Market Knowledge
Lenders who understand Romance'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 Romance and get competitive rates on your home loan.