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Personal Mortgage



Mortgage Lenders in Arkansas: Trusted Home Loan Experts

Finding a mortgage lender is one of the most important steps in the home buying process. It doesn’t matter if you are buying a new home, refinancing your current home or investing in a separate property, working with an Arkansas mortgage lender can help you get a good interest rate and the right loan for your needs.

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Local Arkansas Mortgage Lenders You Can Rely On

 When you work with First Western, you get more than a mortgage! You get a local team of mortgage lenders in Arkansas that know what they’re doing and where you’re from. Our mortgage specialists live and work in the same communities you do, which means they understand the local markets and are invested in helping you find the right loan for your unique situation. Whether you’re a first-time buyer or a seasoned homeowner, we’re here to make the process straightforward from application to closing. 


Our Mortgage Loan Options

First Western has many mortgage loan options available. When in doubt, our mortgage specialists can help you think it through and make the best decision for your needs! 

  • Conventional Loans: A popular choice with flexible terms and competitive interest rates.

  • FHA Loans: Ideal for first-time buyers who can pay as little as 3.5% down with more flexible credit requirements.

  • VA Loans: Exclusive to eligible veterans and service members who benefit from 0% down with no private mortgage insurance (PMI) required.

  • USDA Rural Development Loans: Great for qualifying rural properties with 0% down payment required.

  • Adjustable Rate Mortgages (ARMs): Offers adjustable rates, convenient in case of market changes.

  •  Refinance options:  Help save on interest, lower your monthly mortgage payment, or tap into your home equity.

  • Jumbo Loans: Financing for higher-value homes that exceed the $832,750 conforming loan limit.

  • HomePath Financing: For eligible Fannie Mae properties with just 5% down, no appraisal, and no monthly PMI.

  • Bond Loans: Down payment assistance may be available for qualifying borrowers.

 

How Our Mortgage Process Works in Arkansas 

  1. Pre-Qualification: This is an early assessment of your financial situation so you can continue your home search with confidence and a clear budget.

  2. Application: During this step, you’ll gather your personal and financial information and share with a First Western specialist who will discuss available options for your loan needs. Then your loan is moved to a processing stage.


  1. Credit Review & Loan Decision: As part of your application, your loan officer will obtain your credit report to review your credit score, credit history, and payments to determine your loan eligibility, interest rate and the options available to you.

  2. Appraisal & Closing: Once the underwriting process is complete, the loan receives final approval and you can begin the closing process! 

 
Want to see each step in more detail?
Learn more about the mortgage loan process

Refinance Your Home in Arkansas

By refinancing to a lower rate, you can reduce the long-term effects of compound interest and save significantly over the life of your mortgage.

If you're thinking about refinancing, now is a great time to take action. Whether you want to lower your monthly payment, shorten your loan term, or tap into your home’s equity, our experienced lending team at First Western Bank is here to help. With mortgage rates still at competitive lows, refinancing could save you thousands over the life of your loan.

Our local experts can walk you through your options, whether you’re looking to lock in a lower interest rate, consolidate debt, or fund major expenses like home improvements. We'll guide you every step of the way to make the process fast, easy, and stress-free.

Don’t leave money on the table. Contact one of our experienced mortgage lenders today and let us show you how refinancing can help you reach your financial goals.

RELATED: Reasons to Refinance Your Home

 

 

Why Choose First Western Mortgage Lenders in Arkansas

Working with mortgage lenders in Arkansas who understand your community and goals can make all the difference. Our First Western mortgage lenders in Arkansas understand the specific housing market you’re in, area property values and your needs as a buyer. With an already established relationship, your process can be significantly simplified and tailored to you.


Mortgage Lending in Arkansas FAQs

Homebuyers always have questions during the loan process. Even if you have taken out a mortgage before, you may have forgotten the reason behind some of the rules and procedures. Or you may have a question specific to your own situation. Here are a few of the questions we hear most often. If your question isn’t found below, contact the First Western branch nearest you. We're here to help.

  1. What credit score do Arkansas lenders look for?

    Credit score may vary with each loan type and lender. 

  2. How much down payment do I need in Arkansas?

    For in house loans, 15% down payment is required on residential properties.  However, First Western Mortgage has programs that only require as little as 3% down payment.

  3. How long does the mortgage process take?

    With the right information, the entire process may take 30 days from start to finish.

  4. Can I refinance with local lenders?

    Yes! First Western has experts ready to help you with this process. 

    It has the same underwriting requirements as a purchase transaction. Some things to consider are the reasons for the refinance such as lower payment, consolidated debts, home improvements, cash out for expenditures, etc and the timeframe in which needs to get done to accommodate the motive for the refinance.

  5. What types of mortgage loans are available? 

    First Western has lots of mortgage loan options! Whether you’re buying your first home, building your dream house, or refinancing an existing loan, First Western offers competitive mortgage rates, flexible loan options, and personalized service from a team of experts!  

  6. What is the difference between interest rate and APR?

    The difference between interest rate and APR (annual percentage rate) is simple, but very important to know. 

    Interest rate is the percentage the lender charges you to borrow money. It applies to the whole loan amount and does not include extra fees. 

    The Annual Percentage Rate shows the total yearly cost of the loan. It includes interest rate and additional fees. 

    The interest rate is useful for understanding monthly payments you’d need to make, the APR is useful for comparing your options with overall price. 

  7. What are closing costs and how much should I expect to pay?

    Closing costs are typically paid out of pocket on purchase transactions and rolled into the new loan on refinances using equity in the home to cover the closing costs. 

  8. Can I refinance my mortgage later?

    Absolutely! Whether you want to lower your monthly payment, shorten your loan term, or tap into your home’s equity, our experienced lending team at First Western is here to help.  

 

Mortgage Calculators

Estimate monthly payments, taxes, refinance savings and more!
 
 

Work with a Local Mortgage Team You Can Trust

At First Western, our mortgage team combines deep experience with true local expertise. You’ll work with friendly, knowledgeable loan officers who understand how important timing and service are in today’s market.

We keep the process moving with two dedicated underwriters on staff who review applications within one business day which is something you won’t always find at larger financial institutions.

Best of all, we’re here when you need us. Whether you prefer to apply in person, at 479-936-2040, or online, our team is ready to help you start your mortgage journey with confidence.

 

Ready to get started?

Contact our mortgage specialists today to learn more or begin your application.
 
 

All loans are subject to credit approval. Terms, conditions, and eligibility requirements vary by lending institution. This information is for general informational purposes only and does not constitute financial advice or a guarantee of loan approval or funding timelines. 


Our Mortgage Lenders

 

Lender


NMLS #

Clay Conly


653956

Jennie Hill


607984

Tricia Depeel


1309007

Lauren Carter


1672205

Linda Sloan


979749

Jason Hedden


133502

John Jones


1247208