First Security Mortgage

At First Security Mortgage, we are dedicated to helping you achieve your dream of homeownership. With a team of experienced lenders and a comprehensive suite of mortgage options, we are here to guide you through the entire process - from the initial steps to the final closing.

Our Mission

Our mission is to provide exceptional and personalized service to every customer. We believe in the power of homeownership and strive to make it accessible to everyone. We aim to be Arkansas' premier financial services company, providing the most responsive, innovative, and secure financial solutions to our customers.

Our Services

At First Security Mortgage, we offer a wide range of services designed to meet the unique needs of each customer. Whether you're a first-time home buyer, looking to purchase a new home, or considering refinancing your current mortgage, we have the tools and expertise to help you navigate the process.

Our services include:

• First Time Home Buyers: We understand that buying your first home can be an exciting but overwhelming experience. Our team is here to provide guidance and support every step of the way.
• Purchase a Home: Whether you're looking to upgrade, downsize, or simply find a new place to call home, we can help you find the perfect mortgage option for your needs.
• Refinance a Home: If you're considering refinancing your current mortgage, we can help you explore your options and determine the best course of action for your financial situation.

Loan Options

At First Security Mortgage, we offer a variety of loan options to meet the diverse needs of our customers. These include:

• FHA Loan (Federal Housing Administration): An FHA loan is a government-backed mortgage that offers more lenient credit score requirements and lower down payments.
• Veterans Affairs: For those who have served in the military, we offer VA loans with competitive rates and terms.
• Rural Development Loan: Designed for those living in rural areas, these loans offer favorable terms and lower interest rates.
• Conventional Mortgage: A conventional mortgage is not insured or guaranteed by the government and typically requires a higher down payment and better credit score.
• Arkansas Development Finance Authority: For those living in Arkansas, we offer loans through the Arkansas Development Finance Authority, which provides favorable terms and rates.
• Thirty-Year Fixed-Rate Mortgage: A 30-year fixed-rate mortgage offers a stable monthly payment for the life of the loan.
• Fifteen-Year Fixed-Rate Mortgage: A 15-year fixed-rate mortgage allows you to pay off your loan faster and save on interest.

Resources

At First Security Mortgage, we believe in empowering our customers with the knowledge and tools they need to make informed decisions about their financial future. That's why we offer a range of resources, including:

• Glossary: A comprehensive guide to mortgage terminology to help you understand the process.
• Mortgage Checklist: A step-by-step checklist to ensure you have all the necessary documents and information.
• Printable Forms: Access to all the forms you need to complete your mortgage application.
• Home Purchase Basics: An overview of the home buying process, from finding a lender to closing the deal.
• Mortgage Calculators: Interactive tools to help you calculate your monthly payments, tax savings, and more.
• Tax Savings: Information on the tax benefits of homeownership.
• Refinance Break-Even Point: A calculator to determine when refinancing your mortgage will start saving you money.
• Early Payoff: Strategies for paying off your mortgage early and saving on interest.
• Debt Consolidation: How to use your home's equity to consolidate debt and simplify your finances.
• Prepayment Savings: The benefits of prepaying your mortgage and how it can save you thousands in interest.
• Annual Percentage Rate (APR): An explanation of how APR is calculated and what it means for your mortgage.
• Rent vs. Own: A comparison of the costs and benefits of renting versus owning a home.
• Payment/Amortization: A detailed breakdown of how your monthly payments are applied to your loan.

Blog

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