The Best Mortgage Lenders in Warren, AR
Compare verified mortgage lenders serving Warren, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Warren
Featured Mortgage Lenders
Simmons Bank Mortgage Department
Simmons Bank
Simmons Bank is one of Arkansas's most established financial institutions with deep roots in Southeast Arkansas. While headquartered in Pine Bluff, they maintain a strong presence throughout the region including service to Warren through their nearby Monticello branch. They offer comprehensive mortgage services with particularly strong USDA and FHA loan expertise, which is valuable for rural areas like Warren. Their long history and local understanding make them a trusted choice for Bradley County residents seeking personalized mortgage solutions.
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First Security Bank Mortgage Team
First Security Bank
First Security Bank has served Southeast Arkansas for generations and maintains a strong regional presence that includes Warren and Bradley County. They're particularly noted for their construction and land financing expertise, which is valuable in rural areas. Their mortgage team provides personalized service with local underwriting decisions, and they have extensive experience with USDA rural development loans that benefit Warren homebuyers. Customers consistently praise their responsive service and competitive rates.
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Southern Bancorp Mortgage Services
Southern Bancorp
Southern Bancorp is a community development bank with a specific mission to serve rural Arkansas communities like Warren. They specialize in affordable mortgage solutions and first-time homebuyer programs, with particular expertise in USDA rural housing loans that are ideal for Warren residents. Their commitment to community development and understanding of rural housing needs sets them apart. They offer competitive rates and personalized guidance throughout the mortgage process, with local decision-making that benefits borrowers in smaller communities.
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Frequently Asked Questions
Common questions about mortgage lending in Warren, AR
What are current mortgage rates like for homes in Warren, AR?
Mortgage rates in Warren are generally competitive with national averages, but local lenders may offer slightly different terms. For conventional 30-year fixed loans, rates typically range from 6.5% to 7.5% as of 2024, though this varies by lender, credit score, and loan type. Working with a local bank or credit union familiar with Bradley County can sometimes secure more favorable terms.
Are there any first-time homebuyer programs specific to Warren?
Yes, the Arkansas Development Finance Authority (ADFA) offers several first-time homebuyer programs available in Warren, including down payment assistance and competitive mortgage rates. Additionally, local lenders like Warren Bank and Trust may have special programs for Bradley County residents. These programs often feature lower down payment requirements and flexible credit guidelines tailored to local income levels.
How does Warren's rural location affect mortgage lending options?
Warren's rural designation makes USDA loans an excellent option for qualified buyers, offering 100% financing with no down payment required. Many properties in and around Warren qualify for USDA rural housing loans, which can be particularly advantageous given the area's moderate home prices. Local lenders are experienced with these USDA applications and can guide you through the specific property eligibility requirements.
What should I know about property taxes when getting a mortgage in Warren?
Bradley County property taxes are relatively low compared to national averages, typically around 0.62% of assessed value. Your mortgage lender will calculate these taxes into your monthly escrow payment. It's important to note that property assessments in Warren can vary, so reviewing recent tax statements for comparable homes in your desired neighborhood is recommended during the mortgage planning process.
Are there local mortgage lenders in Warren who understand the specific market conditions?
Yes, several community banks and credit unions in Warren have deep knowledge of the local real estate market, including Warren Bank and Trust, Simmons Bank, and Southern Bancorp. These institutions understand Bradley County's unique housing inventory, appraisal considerations, and seasonal market patterns, which can streamline the mortgage process for Warren home purchases.
Why Choose a Mortgage Lender in Warren?
Local Market Knowledge
Lenders who understand Warren'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 Warren and get competitive rates on your home loan.