Fairfield Bay, AR Mortgage Rates and Refinance Rates

Mortgages in Fairfield Bay, AR: Find the best Fairfield Bay, AR mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in Fairfield Bay, AR, you can easily sort your search results by lender, rate, APR and points so you can easily compare results. Whether you’re looking for conforming, jumbo, adjustable or interest-only mortgage rates in Fairfield Bay, AR. Another option is searching for Fairfield Bay, AR refinance rates if you're looking to refinance a loan. Best of all you don't have to provide any personal information to see a list of Fairfield Bay, AR mortgage rates or refinance rates.

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Fairfield Bay, Arkansas Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in Fairfield Bay, AR are the most popular type of mortgages rates you can find advertised for home buyers in Fairfield Bay, AR. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. Fairfield Bay, AR mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees Fairfield Bay, AR banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes Fairfield Bay, AR conforming mortgage rates and refi rates lower than Fairfield Bay, AR jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by Fairfield Bay, AR home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in Fairfield Bay, Arkansas

Jumbo mortgage rates in Fairfield Bay, AR are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates for both fixed mortgage rates in Fairfield Bay, AR and adjustable mortgage rates in Fairfield Bay, AR. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in Fairfield Bay, AR make.

Fairfield Bay, Arkansas Fixed Mortgage Rates and Fixed Refinance Rates

Fairfield Bay, AR fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.

Fairfield Bay, Arkansas Adjustable Mortgage Rates

Adjustable Fairfield Bay, AR mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available in Fairfield Bay, AR are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for conforming dollar amounts and jumbo dollar amounts in Fairfield Bay, AR. Most adjustable mortgages in Fairfield Bay, AR have yearly caps and life time maximum caps on how high the interest rate can fluctuate.



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Fairfield Bay FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Heber Springs State Bank

3873 Lakewood Village Mall, Building 5, Fairfield Bay, AR 72088

Regions Bank

12368 Lakewood Village Mall, Fairfield Bay, AR 72088

Simmons First National Bank

3890 370 Dave Creek Parkway, Fairfield Bay, AR 72088