Little Rock Home Mortgage in a Nut Shell

Nestled along the shores of the Arkansas River, Little Rock, the capitol of Arkansas is a special place. Centrally located where the southwest meets the southeast, its characteristics include a diverse population, healthy economy and cultural diversions galore. The Little Rock downtown has witnessed a reassurance with the development of the River Market District, offering new housing opportunities in this urban setting, creating a unique place to live, shop, work and play.

Like most of the country at the turn of the century. Little Rock was experiencing strong economic growth and a robust housing market. With housing values increasing and financing easy the market was go go go. Then came 2007 with the mortgage meltdown and popping housing bubble, the positive real estate market everybody was used to became a thing of the past as the economy slid and tanked into a hard recession. While Little Rock has not been as hard hit as some other areas of the country, she has not escaped untouched. We have experienced a weakened real estate market while we hope that the recession has bottomed out.

As we entered the summer of 2009 there is no question that there have been vast institutional changes that have affected the real estate market in general and the mortgage industry in particular. The home price freefall appears to have stopped and may even be showing some signs of positive movement as many experts project positive growth for Little Rock in 2010.

While there remains a great deal of financial uncertainly. There is one certainty you can take to the bank. The mortgage industry has changed drastically. The Subprime product is a thing of the past. A-alt is still around but you would be hard pressed to find it. Same goes for Jumbo loans. What was once free flowing easy credit has become a industry that has tightened its belt and gone back to basics. An industry dominated by Freddie Mac, Fannie Mae and FHA, with a smattering of portfolio lenders thrown in for good measure.

This is where Little Rock Home Mortgage comes to the rescue. We are founded on the principal of providing up to date resources on real estate and mortgage related trends. On both the national and regional level with an eye towards their effects on the Little Rock home mortgage market.