The Best Mortgage Lenders in ARP, TX
Compare verified mortgage lenders serving ARP, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in ARP
Featured Mortgage Lenders
Guild Mortgage - Tyler Branch
Guild Mortgage Company
Guild Mortgage's Tyler branch serves the ARP area with exceptional customer satisfaction ratings and a wide range of loan products. As a top-rated mortgage lender in East Texas, they specialize in first-time homebuyer programs, VA loans for military families, and conventional financing. Their local loan officers have deep knowledge of the East Texas market and provide personalized service with competitive rates. The company has maintained an excellent reputation for decades with strong community involvement and educational resources for homebuyers.
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Patriot Mortgage Group
Patriot Mortgage Group, LLC
Patriot Mortgage Group is a highly-rated local mortgage broker serving ARP and the greater Tyler area. They consistently receive 5-star reviews for their personalized service, competitive rates, and efficient loan processing. Specializing in both purchase and refinance transactions, their team has extensive experience with rural properties common in the ARP area. They're particularly noted for their expertise in USDA rural development loans and construction financing, making them an excellent choice for the ARP market.
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Southside Bank Mortgage
Southside Bank
Southside Bank is a well-established regional bank with deep roots in East Texas, serving the ARP community through their Tyler locations. They offer competitive mortgage rates and a full suite of lending products with the advantage of local decision-making. Their mortgage team includes experienced loan officers who understand the unique aspects of rural East Texas properties. Southside is particularly strong in construction lending and portfolio loans, providing flexible solutions that larger national lenders cannot match. Their long history and community-focused approach make them a trusted choice for ARP residents.
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Frequently Asked Questions
Common questions about mortgage lending in ARP, TX
What are the current mortgage rates like in ARP, TX, and how do they compare to the state average?
Mortgage rates in ARP, TX, are generally aligned with national and state averages, but local lenders may offer competitive terms. As of the latest data, rates in Texas often run slightly below the national average. It's advisable to compare offers from local credit unions, like those in nearby Tyler, and national lenders to secure the best rate for your ARP home purchase.
Are there any down payment assistance programs specifically for buyers in ARP, Texas?
While ARP itself may not have a city-specific program, homebuyers in ARP are eligible for Texas-wide assistance programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program. These programs can provide low-interest mortgages and down payment assistance grants, which are particularly valuable in ARP's affordable market to help cover closing costs.
How does ARP's property tax rate affect my monthly mortgage payment?
ARP is located in Smith County, which has property tax rates that are competitive within East Texas. Lenders will escrow for property taxes, so your monthly mortgage payment will include this significant cost. It's crucial to factor in Smith County's current rate (approximately 2.0-2.3% annually) when calculating your total housing payment, as it can add several hundred dollars per month.
What type of home insurance considerations are unique to getting a mortgage in ARP?
Due to ARP's location in East Texas, lenders will require comprehensive homeowners insurance that includes standard coverage. A key local consideration is the potential for wind/hail damage. Your lender will mandate sufficient coverage, and shopping for insurance with local agents familiar with Smith County's risk profile can help you find the most cost-effective policy to satisfy your mortgage requirements.
As a first-time homebuyer in ARP, what should I know about the local market and loan process?
The ARP market features primarily single-family homes at price points below many Texas metros, making it accessible for first-time buyers. Partner with a local real estate agent and lender familiar with Smith County. They can guide you through the process, including utilizing USDA Rural Development loans, which may be applicable in certain parts of the area for 0% down payment options.
Why Choose a Mortgage Lender in ARP?
Local Market Knowledge
Lenders who understand ARP'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 Texas.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in ARP and get competitive rates on your home loan.