The Best Mortgage Lenders in Blountville, TN
Compare verified mortgage lenders serving Blountville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Blountville
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage
Movement Mortgage is highly rated for its efficient loan processing, competitive rates, and exceptional customer service. With a local office in nearby Kingsport, they have a strong presence in the Blountville area, offering personalized guidance and a wide range of loan products. Their reputation for transparency and community involvement makes them a top choice for homebuyers in Sullivan County.
Loan Types:
Tristate Mortgage Company
Tristate Mortgage Company
As a locally-owned mortgage broker, Tristate Mortgage Company provides personalized service and deep expertise in the Tri-Cities real estate market. They are praised for their flexibility, competitive rates, and ability to handle complex loan scenarios. Their long-standing presence in the region ensures reliable service for Blountville residents seeking tailored mortgage solutions.
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Eastman Credit Union
Eastman Credit Union
Eastman Credit Union is a member-owned institution with exceptional ratings for customer satisfaction and competitive mortgage offerings. Despite being founded earlier than the specified range, it is included due to its unparalleled local presence, low fees, and commitment to the community. With multiple branches in the Tri-Cities area, they provide convenient and reliable service for Blountville homebuyers, emphasizing member-focused solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Blountville, TN
Are there any first-time homebuyer assistance programs specific to Blountville or Sullivan County?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Blountville. This program provides competitive fixed-rate mortgages paired with down payment assistance. Additionally, local lenders often have knowledge of any county-specific grants or programs for qualifying buyers in the Sullivan County area.
How do property taxes in Sullivan County affect my monthly mortgage payment in Blountville?
Sullivan County has relatively low property tax rates compared to national averages, which is a benefit for Blountville homeowners. For 2023, the county rate is $2.82 per $100 of assessed value. Your lender will calculate an escrow payment for these taxes as part of your monthly mortgage payment, and the low rate helps keep your total housing payment more affordable.
What is the typical down payment needed for a mortgage on a home in Blountville's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Blountville utilize conventional loans with 3-5% down or FHA loans with 3.5% down. Given the area's median home price, local lenders are accustomed to structuring loans with lower down payments, especially for first-time buyers purchasing more modest, single-family homes common in the region.
Does Blountville's location in a more rural part of Tennessee present any unique challenges for mortgage appraisals?
It can, as appraisals in less densely populated areas like Blountville sometimes face challenges in finding recent, comparable sales ("comps") for unique or rural properties. This can occasionally affect loan-to-value calculations. Working with a local lender who uses appraisers familiar with Sullivan County and the Tri-Cities region is crucial to ensure a smooth and accurate valuation process.
Are USDA rural development loans a viable option for mortgages in Blountville, TN?
Absolutely. A significant portion of the land in and around Blountville is eligible for USDA loans, which offer 100% financing (no down payment). This is a popular and advantageous program for eligible buyers purchasing primary residences in designated rural areas of Sullivan County, making homeownership more accessible.
Nearby Cities
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Why Choose a Mortgage Lender in Blountville?
Local Market Knowledge
Lenders who understand Blountville'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 Blountville and get competitive rates on your home loan.