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Arvest operates 16 autonomous, community-oriented banks, each with its own local president, board of directors and management team. They claim to service 99% of their loans, they also offer a variety of loan programs including conventional, construction, physician, jumbo, condominium, Federal Housing Authority, Veterans Administration, and Rural Development loans, The company makes available most loans by financing fixed or adjustable interest rate mortgages.

Really Old Fashioned Service and Delivery of Financial Products

They actually advertise that there is a 24-hour mortgage automated voice response line, which is not necessarily a good sign. They are still encouraging local service branch use. Arvest Bank has over 50 years of home-lending experience and the scope of their geographic reach includes Arkansas, Oklahoma, Missouri and Kansas. They have an internal loan system at Arvest Bank is called the Arvest Central Mortgage Company. They offer rate lock in up to 60 days before loan finalization but do not say that is a free service.

Be Sure to Check the Details

Two very interesting qualities about the Arvest home loan website are the Documents and Resource section of the site and the very descriptive mortgage calculators section of the site’s tools. Some companies provide real time interest rates and real time updates of the status of borrower’s loans in relation to that real time data. This means that the company is very thorough if not very timely. When a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan. To ensure your loan is truly affordable, a lender will verify your employment and income and debt to income ratio.  They have a mortgage education center designed to help people who are unfamiliar with the loan application process as well as some detailed lists of necessary documents and financial information needed to complete the application.