LOWELL, Ark. – The Rural Development division of the United States Department of Agriculture (USDA) recently recognized Arvest Bank as a “Top 3 Producer in the Guaranteed Rural Housing Program of Obligation Dollars for Arkansas” during the 24-month period from October 1, 2013, to August 30, 2015. Arvest was recognized for both the number of units and the dollar amount of loans closed with the USDA in Arkansas.
Arvest was honored during a recent event in Little Rock hosted by the USDA that focused on homeownership and the agency’s commitment to provide affordable housing to families in rural communities nationwide.
Since 1949, the USDA has helped nearly 4 million Americans in rural areas become homeowners, working in collaboration with local lenders.
Rural development loans are backed by the USDA and offer qualified homeowners the benefits of no down payment, minimal mortgage insurance payments and fixed interest rates, among others.