The Best Mortgage Lenders in Wilson, AR
Compare verified mortgage lenders serving Wilson, Arkansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Wilson
Featured Mortgage Lenders
Security Bank Mortgage
Security Bank, a Division of Simmons Bank
Security Bank, now part of Simmons Bank, has been serving Northeast Arkansas communities including Wilson for decades. They are particularly strong in agricultural and rural lending with deep roots in the region. Their mortgage team specializes in first-time homebuyer programs, USDA rural development loans perfect for Wilson's location, and competitive construction financing. Local decision-making and personalized service make them a top choice for Wilson residents seeking community-focused lending with the backing of a larger regional bank.
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Evolve Bank & Trust Mortgage Division
Evolve Bank & Trust
While headquartered in Memphis, Evolve Bank & Trust has strong presence throughout Northeast Arkansas and specifically serves Wilson and surrounding communities. They offer competitive mortgage rates with the advantage of local underwriting decisions. Specializing in both purchase and refinance loans, they're known for their efficient processing and expertise in Arkansas-specific lending programs. Their long history and community bank approach combined with modern digital capabilities make them a reliable choice for Wilson homebuyers.
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First Horizon Bank Mortgage
First Horizon Bank
First Horizon Bank (formerly First Tennessee Bank) maintains a strong mortgage presence in Northeast Arkansas with dedicated lending officers serving Wilson and the broader region. They offer a comprehensive range of mortgage products with particular expertise in rural properties and agricultural lending appropriate for the Wilson area. Their mortgage specialists are known for providing personalized guidance through the entire homebuying process, and they consistently receive high marks for customer service and competitive rate offerings for Arkansas residents.
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Frequently Asked Questions
Common questions about mortgage lending in Wilson, AR
What are the current average mortgage rates for homebuyers in Wilson, AR?
Mortgage rates in Wilson typically align with national averages but can be slightly lower due to the area's rural classification. As of 2024, conventional 30-year fixed rates in Wilson generally range from 6.5% to 7.25%, though actual rates depend on credit score and loan type. Local lenders like Southern Bancorp often offer competitive rates specifically for Mississippi County residents.
Are there any first-time homebuyer programs specifically available in Wilson?
Yes, Wilson homebuyers can access the Arkansas Development Finance Authority's (ADFA) First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, Southern Bancorp - headquartered in nearby Arkadelphia - provides special mortgage products for rural communities like Wilson, often featuring lower down payment requirements and flexible credit guidelines.
How does Wilson's rural location affect mortgage lending options?
Wilson's rural designation makes homeowners eligible for USDA Rural Development loans, which offer 100% financing with no down payment requirement. Several local lenders are experienced with these USDA loans and understand Wilson's unique property types, from historic homes in the town center to agricultural properties in surrounding areas. This rural status also qualifies some borrowers for more flexible underwriting standards.
What special considerations should I know about when getting a mortgage for Wilson's historic homes?
Wilson's historic district homes often require specialized lending approaches due to their age and potential renovation needs. You'll want to work with lenders familiar with FHA 203(k) rehabilitation loans or similar programs that can finance both purchase and repairs. Local appraisers with experience in historic properties are crucial, as they understand the unique value of preserved architectural features common in Wilson's historic properties.
Are there any local down payment assistance programs for Wilson homebuyers?
Yes, the ADFA's Down Payment Assistance program provides up to 4% of the loan amount for eligible Wilson buyers, which can be particularly helpful given the area's moderate income levels. Some local employers, including Wilson's school district and agricultural operations, may offer employer-assisted housing programs. Southern Bancorp also occasionally offers special down payment assistance for buyers in their service areas including Wilson.
Why Choose a Mortgage Lender in Wilson?
Local Market Knowledge
Lenders who understand Wilson'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 Wilson and get competitive rates on your home loan.