The Best Mortgage Lenders in Washington, AR
Compare verified mortgage lenders serving Washington, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Washington
Featured Mortgage Lenders
First Federal Bank
First Federal Bank
First Federal Bank stands as one of southwest Arkansas's most trusted mortgage lenders with deep roots in the region. As a community-focused institution with branches throughout the area, they have served Washington and surrounding communities for over seven decades. Their mortgage team provides personalized service with competitive rates on all major loan types, including specialized rural development loans ideal for the Washington area. Their exceptional 4.8 rating reflects consistent customer satisfaction, local underwriting expertise, and long-term commitment to the community they've served since 1949.
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Regions Mortgage
Regions Bank
Regions Bank maintains a strong presence throughout Arkansas with dedicated mortgage specialists serving the Washington area. As a regional banking leader with multiple nearby branches, they offer comprehensive mortgage solutions with the advantage of local decision-making combined with institutional resources. Their 4.7 rating stems from competitive pricing, efficient processing, and exceptional customer service. Regions specializes in first-time homebuyer programs and offers digital mortgage applications while maintaining personal relationships - making them particularly accessible for Washington residents seeking reliable financing options.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage operates a dedicated branch in Texarkana that actively serves the Washington, AR market with specialized mortgage solutions. With six decades of industry experience, they've built a reputation for exceptional service in rural and small community lending. Their 4.6 rating reflects their expertise in government-backed loans including VA and USDA programs that are particularly relevant to the Washington area. Guild stands out for their local loan officers who understand the unique property dynamics of historic Washington properties while offering competitive rates and personalized guidance throughout the entire mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Washington, AR
What are the current mortgage rates like for homes in Washington, AR?
Mortgage rates in Washington, AR, are typically competitive with national averages but can vary based on the lender and your financial profile. Given the town's rural nature and smaller market, it's wise to compare rates from both local Arkansas banks and larger national lenders. Rates may also be influenced by property types common in the area, such as historic homes.
Are there any first-time homebuyer programs available specifically in Washington, AR?
Yes, the Arkansas Development Finance Authority (ADFA) offers first-time homebuyer programs that are accessible to Washington residents, including down payment assistance and competitive fixed-rate mortgages. These programs can be particularly helpful given Washington's status as a historic community with unique housing needs. Working with a local lender familiar with ADFA guidelines is recommended to navigate these options.
How does Washington's historic district status affect the mortgage process?
Purchasing a home in Washington's Historic District may require additional steps, such as a specialized appraisal to account for the property's historic value and potential renovation needs. Lenders might also have specific requirements for insuring and financing historic properties. It's important to choose a mortgage provider experienced with historic homes to ensure a smooth process.
What type of property insurance considerations should I be aware of when getting a mortgage in Washington, AR?
Due to Washington's location in southwest Arkansas, lenders will require standard homeowners insurance, and you may also need to consider flood insurance depending on the property's proximity to local creeks or low-lying areas. Additionally, if you're buying a historic home, you might need specialized insurance coverage, which can influence your overall mortgage escrow calculations.
Are USDA loans a viable option for homebuyers in Washington, AR?
Yes, Washington's rural designation makes USDA loans an excellent option for eligible buyers, offering 100% financing with no down payment. This can be especially beneficial given the area's modest median home prices. To qualify, your income must meet USDA guidelines for Hempstead County, and the property must be located within an eligible rural area, which Washington is.
Nearby Cities
Explore mortgage lenders in cities near Washington, AR
Why Choose a Mortgage Lender in Washington?
Local Market Knowledge
Lenders who understand Washington'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 Washington and get competitive rates on your home loan.