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Scott, AR

The Best Mortgage Lenders in Scott, AR

Compare verified mortgage lenders serving Scott, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
470+
Reviews
9
Loan Types

Available Loan Programs in Scott

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
Renovation

Featured Mortgage Lenders

1

Jason Smith

First Security Bank Mortgage

★★★★☆
4.8/5

First Security Bank is one of Arkansas's most established and highly-rated mortgage lenders with deep roots in central Arkansas. They have consistently maintained excellent customer satisfaction ratings and specialize in serving communities throughout Pulaski County and surrounding areas, including Scott. Their local underwriting and decision-making process allows for personalized service and competitive rates, with particular expertise in rural and suburban properties common in the Scott area.

Experience:25 years
Reviews:150 customer reviews
1400 W. Markham Street, Little Rock, AR 72201

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Chris Turnage

Arvest Bank Mortgage

★★★★☆
4.7/5

Arvest Bank has been serving Arkansas communities for over six decades with a strong reputation for mortgage lending excellence. They maintain multiple branches throughout central Arkansas and have specific expertise in serving the Scott area and surrounding communities. Their mortgage team receives consistently high marks for customer service, local market knowledge, and competitive rate offerings. Arvest is particularly noted for their first-time homebuyer programs and construction lending expertise.

Experience:60 years
Reviews:200 customer reviews
111 Center Street, Little Rock, AR 72201

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinanceConstruction
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3

Mortgage Department

Bank of England Mortgage

★★★★☆
4.6/5

Bank of England Mortgage has built a strong reputation in central Arkansas for providing personalized mortgage services with local decision-making authority. While headquartered in England, Arkansas, they maintain a significant presence in Little Rock and actively serve the Scott area. They are particularly noted for their competitive rates on rural properties and excellent customer service ratings. Their experienced loan officers specialize in both purchase and refinance transactions with efficient processing times.

Experience:20 years
Reviews:120 customer reviews
10825 Financial Centre Parkway, Little Rock, AR 72211

Loan Types:

ConventionalFHAVAUSDAJumboRenovationRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Scott, AR

What are the current average mortgage rates for homebuyers in Scott, AR?

Mortgage rates in Scott typically align with national averages but can be slightly lower due to the area's rural designation. As of late 2024, 30-year fixed rates in Scott generally range from 6.5% to 7.25%, though local lenders like those in nearby Little Rock may offer competitive rates. It's best to compare offers from both local credit unions and national lenders for the best Scott-specific rate.

Are there any first-time homebuyer programs specifically available in Scott, AR?

Yes, Scott homebuyers can access the Arkansas Development Finance Authority's (ADFA) Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, ADFA's Down Payment Assistance program offers up to $10,000 for eligible buyers in Scott. These programs are particularly valuable given Scott's median home prices being below state averages.

How does Scott's location in a flood zone affect mortgage requirements?

Given Scott's proximity to the Arkansas River and Fourche Creek, many properties require flood insurance, which lenders will mandate for mortgages in designated flood zones. This typically adds $500-$1,500 annually to housing costs. Your lender will order a flood certification during processing to determine if your specific property requires coverage.

What types of properties are most common in Scott's mortgage market?

Scott's mortgage market primarily consists of single-family homes on larger lots, many with agricultural or rural characteristics. You'll find many older homes (50+ years) alongside newer construction in developing subdivisions. Lenders familiar with Scott understand how to properly appraise these property types, which often include outbuildings or land beyond typical residential lots.

Are there local lenders in Scott that specialize in rural property mortgages?

While Scott itself has limited brick-and-mortar lenders, nearby institutions like First Security Bank and Simmons Bank have extensive experience with Scott's rural property types. These local lenders understand the unique appraisal considerations for properties with acreage, which can be crucial for mortgage approval in Scott's more rural areas.

Mortgage Insights

Finding Your Guide: Why a Local Mortgage Loan Officer in Scott, AR is Your Best First Step

If you're dreaming of buying a home in Scott, Arkansas, you're likely picturing the spacious lots, the quiet country roads, and the strong sense of community. But between that dream and your new front door stands one of the most important financial steps you'll take: securing a mortgage. While a quick online search for a "mortgage loan officer near me" might seem efficient, in a unique market like Scott, partnering with a truly local professional isn't just convenient—it's a strategic advantage.

Scott’s real estate landscape is distinct. You'll find a mix of newer subdivisions, historic properties, and rural acreage, all within proximity to Little Rock and major employers. A mortgage loan officer based in Pulaski County understands these nuances. They know how appraisers value a renovated farmhouse versus a new build, and they can advise on the specific considerations for properties with well and septic systems, which are common here. Their local network includes real estate agents who specialize in the Scott area, creating a smoother team effort to get your offer accepted in a competitive situation.

Your local loan officer is also your key to Arkansas-specific homebuyer programs that can make homeownership more accessible. A top resource is the Arkansas Development Finance Authority (ADFA), which offers down payment assistance, competitive first-time homebuyer loans, and even special programs for teachers, police officers, and firefighters. A Scott-based loan officer will know the ins and outs of these programs, like the ADFA's Move-Up loan for repeat buyers, and can determine if your purchase of a home in the Scott area qualifies. They’ll help you navigate these opportunities that a national lender might overlook.

So, how do you find the right partner? Start by asking for referrals from Scott-area real estate agents, friends, or colleagues who have recently bought locally. Look for officers who are actively involved in the community, as they have a vested interest in your long-term satisfaction. When you interview potential candidates, ask direct questions: "How many loans have you closed in Pulaski County in the last year?" "What ADFA programs are your clients using most successfully?" "Can you walk me through the specific costs and timelines I should expect in this market?"

Taking the time to find a mortgage loan officer who knows Scott, AR, inside and out is more than a transaction—it's building a relationship with a guide. They’ll help you understand not just the numbers, but how those numbers work within the fabric of your chosen community. Begin your homebuying journey with this local expert by your side, and you'll be on solid ground from your first conversation to closing day.

Nearby Cities

Explore mortgage lenders in cities near Scott, AR

Why Choose a Mortgage Lender in Scott?

Local Market Knowledge

Lenders who understand Scott'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 Scott and get competitive rates on your home loan.