The Best Mortgage Lenders in Afton, TN
Compare verified mortgage lenders serving Afton, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Afton
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong presence in East Tennessee, serving Afton and surrounding areas. Known for exceptional customer service and competitive rates, they have consistently high ratings due to their efficient loan processing, personalized guidance, and wide range of loan options. Their local branch in Johnson City ensures dedicated support for Greene County residents, with a reputation for transparency and reliability in the mortgage industry.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its customer-centric approach and fast loan approvals, making it a popular choice in the Afton area. With a focus on community engagement and streamlined digital processes, they offer competitive rates and various loan programs. Their Knoxville office provides accessible service for Greene County, backed by numerous positive reviews highlighting their responsiveness and expertise in navigating complex mortgage scenarios.
Loan Types:
Supreme Lending
Supreme Lending
Supreme Lending stands out for its extensive experience and personalized service, serving Afton through its regional presence in Tennessee. They are praised for their flexibility in loan options and commitment to customer satisfaction, with a track record of handling diverse financial situations. Their Brentwood office supports clients across the state, offering competitive rates and a seamless mortgage process, as reflected in their high review counts and industry accolades.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Afton, TN
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Afton, TN?
Yes, Tennessee Housing Development Agency (THDA) programs like the Great Choice Home Loan and Great Choice Plus down payment assistance are widely available in Afton and Greene County. These programs offer competitive interest rates and can provide thousands of dollars in assistance for qualified buyers, which is particularly helpful given the area's median home prices. Local lenders are well-versed in these state-wide programs.
How do property types common in Afton, like larger lots and rural properties, affect the mortgage process?
Purchasing a home on a larger, rural lot in Auston may require a specialized appraisal to ensure there is adequate water and septic systems, as many properties are not on municipal services. Lenders will also consider the property's accessibility and may have specific requirements if the land size exceeds typical limits for a conventional loan, potentially affecting the loan-to-value ratio.
What are typical mortgage rates and closing costs for buyers in Afton compared to the national average?
Mortgage rates in Afton generally align with national averages, but your specific rate will depend heavily on your credit profile and loan type. Closing costs in Tennessee, including title insurance, transfer taxes, and lender fees, are typically around 2-5% of the loan amount. It's advisable to get quotes from local lenders familiar with Greene County's specific title and recording procedures.
Is a USDA Rural Development loan a viable option for mortgages in Afton, TN?
Absolutely. Afton's location makes most, if not all, of the area eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a highly attractive program for the area, given its rural designation. Eligibility is based on income limits and the property meeting USDA standards, which many local homes do.
How does the appraisal process work for older or historic homes in Afton?
Appraising older homes common in Afton requires an appraiser with experience in rural and historic properties. The appraiser will assess the home's condition, functionality, and any needed repairs, which can significantly impact the loan approval. For FHA or VA loans, the property must meet specific safety and livability standards, which some older homes may need to address before closing.
Why Choose a Mortgage Lender in Afton?
Local Market Knowledge
Lenders who understand Afton's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Tennessee.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Afton and get competitive rates on your home loan.