The Best Mortgage Lenders in Arlington, TN
Compare verified mortgage lenders serving Arlington, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Arlington
Featured Mortgage Lenders
First South Financial Credit Union
First South Financial Credit Union
First South Financial Credit Union is one of the most highly-rated mortgage lenders serving the Arlington area with exceptional member satisfaction. As a longstanding credit union with deep roots in the Memphis metropolitan region, they offer personalized service and competitive rates. Their mortgage team specializes in first-time homebuyer programs and provides comprehensive guidance through the entire lending process. With numerous 5-star reviews praising their responsive communication and smooth closing processes, they maintain an outstanding reputation for mortgage lending excellence throughout Shelby County.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage has built an exceptional reputation in the Memphis metro area, including Arlington, with their commitment to transparent lending practices and customer education. Founded by industry veteran Mike Hardwick, this lender emphasizes relationship-based service and offers a wide range of loan products. They're particularly noted for their expertise in VA loans and first-time homebuyer programs. With hundreds of positive reviews highlighting their knowledgeable loan officers and efficient processing, they consistently deliver superior mortgage experiences to borrowers throughout West Tennessee.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Memphis
Fairway Independent Mortgage Corporation's Memphis branch serves the Arlington community with exceptional mortgage services and consistently receives outstanding customer reviews. As a nationally recognized mortgage lender with strong local presence, they offer competitive rates and innovative loan products. Their team is praised for their responsiveness, attention to detail, and ability to handle complex loan scenarios. With numerous industry awards and thousands of 5-star reviews nationwide, they maintain a reputation for closing loans efficiently while providing personalized service that exceeds client expectations throughout the Greater Memphis area.
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Frequently Asked Questions
Common questions about mortgage lending in Arlington, TN
What are the typical mortgage rates for homebuyers in Arlington, TN, and how do they compare to national averages?
Mortgage rates in Arlington generally align with national averages but can be influenced by local lender competition and property types. As of recent trends, rates in the Memphis metro area, including Arlington, are often slightly more competitive due to a stable housing market. It's advisable to compare offers from local credit unions, regional banks, and national lenders to secure the best rate for your specific financial profile.
Are there any special down payment assistance or first-time homebuyer programs available specifically for Arlington residents?
Yes, Arlington homebuyers can access the Tennessee Housing Development Agency (THDA) Great Choice Home Loan program, which offers competitive rates and down payment assistance for eligible first-time and repeat buyers. While not exclusive to Arlington, this statewide program is widely used in the area and can be combined with certain local lender incentives. Consulting with a THDA-approved lender in Shelby County is the best first step.
How does Arlington's growth and its position in the Memphis metro area affect mortgage lending and property appraisals?
Arlington's status as a fast-growing suburb with highly-rated schools often leads to strong property value appreciation, which lenders view favorably. Appraisals in newer subdivisions are typically straightforward, but for unique or rural properties in the surrounding areas, lenders may require more detailed appraisals to ensure the value supports the loan amount, potentially affecting the timeline.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Arlington?
Arlington is located in Shelby County, which has a combined property tax rate that you must factor into your escrow payment. Homeowners insurance in Arlington can be slightly higher than the national average due to Tennessee's severe weather risk, including wind and hail. Your lender will help you estimate these costs, but budgeting for an annual property tax bill and robust insurance coverage is crucial for an accurate payment calculation.
Are USDA rural development loans available for homes in Arlington, TN, given its suburban nature?
While much of central Arlington is not eligible for USDA loans due to its suburban density, some properties on the more rural outskirts of the town may still qualify. It's important to check the official USDA eligibility map for the specific property address, as this zero-down-payment program can be an excellent option for eligible buyers seeking homes in qualifying areas just outside the town's core.
Why Choose a Mortgage Lender in Arlington?
Local Market Knowledge
Lenders who understand Arlington'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 Arlington and get competitive rates on your home loan.