The Best Mortgage Lenders in Alexandria, TN
Compare verified mortgage lenders serving Alexandria, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Alexandria
Featured Mortgage Lenders
Wilson Bank & Trust Mortgage
Wilson Bank & Trust
Wilson Bank & Trust is a highly-rated regional bank with strong presence throughout Middle Tennessee, including serving Alexandria residents. With over 35 years of community banking experience, they offer personalized mortgage services and competitive rates. Their local loan officers understand the Wilson County market intimately and provide exceptional customer service with various loan programs including first-time homebuyer options. The bank maintains an excellent reputation for reliability and community involvement.
Loan Types:
Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage is a nationally recognized mortgage lender headquartered in Tennessee with extensive experience serving Middle Tennessee communities including Alexandria. Founded by industry veteran Mike Hardwick, the company has built an outstanding reputation for transparent lending practices and exceptional customer service. They specialize in providing clear, understandable mortgage solutions and have particular expertise with VA loans and first-time homebuyer programs. Their local loan officers provide personalized service throughout the entire mortgage process.
Loan Types:
First Freedom Mortgage
First Freedom Mortgage
First Freedom Mortgage is a Tennessee-based mortgage lender with strong regional presence serving Alexandria and surrounding communities. With two decades of experience, they've built a reputation for competitive rates and exceptional customer service. Their team of local mortgage professionals provides personalized attention throughout the loan process, offering a wide range of loan products including specialized programs for Middle Tennessee homebuyers. They're particularly noted for their efficient processing and clear communication with borrowers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Alexandria, TN
What are the current mortgage rates like in Alexandria, TN, and how do they compare to state averages?
Mortgage rates in Alexandria typically align closely with Tennessee state averages, which are often slightly below national averages due to the state's lower cost of living. As of recent trends, you can expect competitive conventional loan rates. It's advisable to check with local lenders and credit unions in DeKalb County, as they may offer special promotions or have insights into the most competitive products for the area.
Are there any down payment assistance programs specifically for homebuyers in Alexandria or DeKalb County?
While Alexandria itself does not have a city-specific program, Tennessee Housing Development Agency (THDA) programs like the Great Choice Plus loan are widely accessible to eligible buyers in DeKalb County. These programs offer competitive interest rates and down payment assistance in the form of a second mortgage. Working with a THDA-approved lender in the area is the first step to accessing these valuable resources for first-time and repeat buyers.
How does the appraisal process work for a rural property just outside Alexandria city limits?
Appraising rural properties in the areas surrounding Alexandria requires an appraiser familiar with DeKalb County's land values and comparable sales, which can be less frequent than in urban areas. Lenders will often seek an appraiser with experience in rural valuations, considering factors like well and septic systems, land acreage, and access. This process can sometimes take longer than for a standard suburban home, so it's important to factor in extra time for your closing timeline.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Alexandria?
DeKalb County property taxes are relatively moderate, and the City of Alexandria adds a small municipal tax rate for properties within its limits. Your annual escrow payment will include these. For insurance, while standard homeowners insurance is required, if your property is outside the city's fire hydrant service area, you may see slightly higher premiums. It's crucial to get accurate insurance quotes early in the homebuying process to ensure your debt-to-income ratio calculations are correct.
Are USDA Rural Development loans a viable option for homes in Alexandria, TN?
Yes, USDA loans are an excellent and popular option for many homebuyers in and around Alexandria. Most of DeKalb County is eligible for USDA's 100% financing, zero-down-payment loans, which are designed for low-to-moderate income buyers in designated rural areas. This can be a significant advantage given the area's semi-rural character. You should confirm the specific property's eligibility through the USDA website and work with a lender experienced in these loans.
Why Choose a Mortgage Lender in Alexandria?
Local Market Knowledge
Lenders who understand Alexandria'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 Alexandria and get competitive rates on your home loan.