The Best Mortgage Lenders in Burlison, TN
Compare verified mortgage lenders serving Burlison, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burlison
Featured Mortgage Lenders
Chris Holliday
Patriot Bank Mortgage
Patriot Bank Mortgage stands out as a top-rated regional lender with deep roots in West Tennessee. With over a century of service, they have built an exceptional reputation for personalized mortgage solutions and local underwriting expertise. Their Germantown location serves the entire Memphis metropolitan area including Burlison, offering competitive rates and specialized knowledge of Tipton County properties. Customers consistently praise their responsive service, streamlined process, and commitment to closing loans on time.
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Jason Hogue
First Horizon Bank Mortgage
First Horizon Bank (formerly First Tennessee Bank) maintains a dominant presence throughout Tennessee with extensive experience serving rural communities like Burlison. As one of the Southeast's largest regional banks, they offer comprehensive mortgage products with local decision-making and competitive rates. Their long history in the Memphis region ensures deep understanding of Tipton County's real estate market. Customers highlight their professional service, local expertise, and ability to handle complex financing scenarios.
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Mortgage Department
Regions Bank Mortgage
Regions Bank provides robust mortgage services throughout the Mid-South with multiple branches serving the Memphis metropolitan area including Tipton County. Their mortgage team offers personalized guidance through the entire home financing process with local underwriting support. Regions is particularly noted for their competitive government loan programs and first-time homebuyer assistance, making them an excellent choice for Burlison residents. Customer reviews frequently mention their knowledgeable loan officers and efficient closing processes.
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Frequently Asked Questions
Common questions about mortgage lending in Burlison, TN
What are the typical down payment requirements for homes in Burlison, TN, given its rural setting?
For most conventional loans in Burlison, a 20% down payment is standard to avoid private mortgage insurance (PMI). However, due to the area's more affordable home prices compared to urban centers, USDA Rural Development loans are a popular option, offering 0% down payment for eligible borrowers in this designated rural area. FHA loans with 3.5% down are also commonly used.
Are there any local or state-specific first-time homebuyer programs that can help with purchasing a home in Burlison?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely accessible in Burlison. This program provides competitive fixed-rate mortgages paired with down payment assistance in the form of a second mortgage grant, which does not need to be repaid if you live in the home for the required period. This is especially valuable for first-time buyers in Tipton County.
How does the property appraisal process work in Burlison's rural market, where comparable home sales can be sparse?
Appraisals in rural areas like Burlison can be more challenging due to fewer recent sales of similar properties. Appraisers may need to expand their geographic search radius or look at sales in nearby communities like Brighton or Covington. It's important to work with a lender experienced in rural appraisals to ensure the process accounts for the unique value of land and property types common here.
What type of mortgage rates can homebuyers in Burlison expect compared to the national average?
Mortgage rates in Burlison are generally aligned with national and regional averages, as they are set by broader economic forces. However, borrowers with strong credit profiles may secure very competitive rates. Local credit unions, such as those based in Covington or Millington, often offer attractive rate options and personalized service for Tipton County residents.
Are there special mortgage considerations for buying land or a farmette in Burlison?
Absolutely. Purchasing larger parcels of land (typically over 5-10 acres) or properties with agricultural outbuildings often requires a specialized land loan or a rural property mortgage. Standard conforming loans may not cover the full value if the land ratio is too high. Lenders will closely scrutinize the property's usable acreage, access, and water sources, so working with a lender familiar with rural Tennessee land is crucial.
Why Choose a Mortgage Lender in Burlison?
Local Market Knowledge
Lenders who understand Burlison'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 Burlison and get competitive rates on your home loan.