The Best Mortgage Lenders in Auburntown, TN
Compare verified mortgage lenders serving Auburntown, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Auburntown
Featured Mortgage Lenders
Jason Wilkerson
Churchill Mortgage
Churchill Mortgage has established itself as one of Middle Tennessee's most trusted mortgage lenders with over 30 years of service. Founded by industry veteran Mike Hardwick, the company has built an exceptional reputation for personalized service and competitive rates, particularly serving rural communities like Auburntown. Their expertise with USDA loans makes them an ideal choice for Cannon County homebuyers, and they're known for their educational approach to the mortgage process. With a strong local presence in Murfreesboro just 30 minutes from Auburntown, they combine national lending power with community-focused service.
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Regions Mortgage
Regions Bank
Regions Bank maintains a strong mortgage lending presence throughout Middle Tennessee with multiple branches serving Cannon County and surrounding areas. As an established regional bank with deep roots in Tennessee communities, they offer competitive mortgage rates and a comprehensive range of loan products. Their local mortgage specialists understand the unique needs of rural homebuyers in areas like Auburntown and provide personalized service from application through closing. Regions is particularly noted for their construction lending expertise and seamless banking integration for existing customers.
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John Smith
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has earned numerous industry awards and maintains exceptional customer satisfaction ratings across Tennessee. Their local loan officers specialize in serving rural communities throughout Middle Tennessee, including Cannon County and Auburntown. Known for their competitive rates and efficient processing, they consistently receive high marks for communication and closing reliability. The company's strong USDA loan program makes them particularly valuable for Auburntown homebuyers seeking rural development financing, and their extensive product portfolio ensures they can meet diverse borrower needs.
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Frequently Asked Questions
Common questions about mortgage lending in Auburntown, TN
What are typical mortgage rates for homebuyers in Auburntown, TN, and how do they compare to state averages?
Mortgage rates in Auburntown generally align with national and Tennessee averages, but local credit unions like Ascend Federal Credit Union often offer competitive rates. As a rural area in Cannon County, rates may be slightly influenced by local lender competition, which is limited, so it's wise to also compare with regional banks. Currently, rates in Auburntown are typically within 0.125% to 0.25% of the statewide average for conventional loans.
Are there any down payment assistance programs specifically for buyers in Auburntown or Cannon County?
Yes, homebuyers in Auburntown can access the Tennessee Housing Development Agency (THDA) Great Choice Home Loan program, which offers down payment assistance and competitive fixed-rate mortgages. This state-wide program is particularly valuable in Auburntown, where median incomes are modest. Additionally, Cannon County may have local grants or soft-second mortgage programs for first-time buyers, so checking with the Cannon County Chamber of Commerce is recommended.
How does the appraisal process work in Auburntown's rural market, where comparable home sales can be scarce?
Appraisals in Auburntown can be challenging due to the limited number of recent, similar home sales in its rural setting. Appraisers often need to look at properties in a wider geographic area, including nearby Woodbury or even Murfreesboro, which can affect the valuation. It's crucial to work with a lender experienced in rural appraisals to ensure they use appraisers familiar with Cannon County's unique property types and land values.
What should I know about property types and loan considerations for Auburntown's more rural properties?
Many properties in Auburntown include larger land parcels, which may require specialized loan products. For homes on several acres, a standard conforming loan usually applies if the land size is typical for the area. However, if you're looking at a property with extensive acreage or agricultural use, you might need a rural development loan or a jumbo loan, making it important to discuss property details with your lender upfront.
Are USDA Rural Development loans available in Auburntown, TN, and what are the benefits?
Yes, Auburntown is eligible for USDA Rural Development loans, which offer 100% financing with no down payment—a significant advantage in this market. These loans are ideal for the area as they are designed for low-to-moderate income buyers in eligible rural communities like Auburntown. Income limits and property eligibility apply, so consulting with a USDA-approved lender is the first step to see if you qualify for this attractive program.
Why Choose a Mortgage Lender in Auburntown?
Local Market Knowledge
Lenders who understand Auburntown'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 Auburntown and get competitive rates on your home loan.