Lake Village, AR Mortgage Rates and Refinance Rates

Mortgages in Lake Village, AR: Find the best Lake Village, AR mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in Lake Village, 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 Lake Village, AR. Another option is searching for Lake Village, 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 Lake Village, AR mortgage rates or refinance rates.

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Lake Village, Arkansas Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in Lake Village, AR are the most popular type of mortgages rates you can find advertised for home buyers in Lake Village, 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. Lake Village, 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 Lake Village, AR banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes Lake Village, AR conforming mortgage rates and refi rates lower than Lake Village, AR jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by Lake Village, AR home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in Lake Village, Arkansas

Jumbo mortgage rates in Lake Village, 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 Lake Village, AR and adjustable mortgage rates in Lake Village, AR. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in Lake Village, AR make.

Lake Village, Arkansas Fixed Mortgage Rates and Fixed Refinance Rates

Lake Village, 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.

Lake Village, Arkansas Adjustable Mortgage Rates

Adjustable Lake Village, 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 Lake Village, 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 Lake Village, AR. Most adjustable mortgages in Lake Village, AR have yearly caps and life time maximum caps on how high the interest rate can fluctuate.



Google Map for Lake Village, AR Rates & Resources


Lake Village FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Bank of Lake Village

15547 201 Main Street, Lake Village, AR 71653

Bank of Lake Village

15547 U.S. Highway 65/82, Lake Village, AR 71653

Simmons First Bank of South Arkansas

18590 417 Main Street, Lake Village, AR 71653

Simmons First Bank of South Arkansas

18590 728 Highway 65 & 82 South, Lake Village, AR 71653