The Best Mortgage Lenders in Burns, TN
Compare verified mortgage lenders serving Burns, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burns
Featured Mortgage Lenders
Ryan Binkley
First Community Mortgage
First Community Mortgage is a Tennessee-based mortgage lender with exceptional local reputation and deep roots in Middle Tennessee communities. They specialize in serving rural areas like Burns with USDA loans and offer personalized service through local loan officers. With over 30 years in business, they consistently receive top ratings for their competitive rates, efficient processing, and expertise in Tennessee-specific mortgage programs. Their local presence in nearby Brentwood ensures quick response times and personalized attention for Burns residents.
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Dickson County Mortgage Team
FirstBank
FirstBank has served Dickson County and surrounding areas for over a century, making them deeply familiar with the Burns real estate market. Their local mortgage team offers competitive rates and flexible terms with the personal service of a community bank. Specializing in both purchase and construction loans, they're particularly strong with rural property financing. Customers consistently praise their local decision-making capabilities and the convenience of having both banking and mortgage services in one trusted institution.
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Jason Pannell
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage, through local loan officer Jason Pannell, provides exceptional mortgage services to Burns and surrounding rural communities. With nearly two decades of experience specifically serving Middle Tennessee, they offer competitive rates and streamlined digital processes while maintaining personal relationships. Specializing in rural property loans including USDA programs perfect for Burns area homes, they consistently earn top ratings for communication, efficiency, and finding the best loan products for each borrower's unique situation.
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Frequently Asked Questions
Common questions about mortgage lending in Burns, TN
What are the typical down payment requirements for homes in Burns, TN, given its rural setting?
For most conventional loans in Burns, a 5-20% down payment is standard, but the area's more affordable home prices can make saving for this easier. For eligible buyers, USDA loans are a popular option here as much of Dickson County qualifies for this zero-down-payment program, which is ideal for the rural nature of Burns. FHA loans with 3.5% down are also commonly used, especially for first-time buyers.
Are there any local or state-specific first-time homebuyer programs available for Burns residents?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which provides competitive fixed-rate mortgages and down payment assistance to eligible first-time buyers in Burns. This program is particularly valuable as it can be combined with the USDA loan, offering a powerful option for low-to-moderate income buyers to purchase with little to no money down in a rural community.
How do property taxes in Dickson County affect my monthly mortgage payment in Burns?
Dickson County has relatively low property tax rates compared to national averages, which is a benefit for Burns homeowners. For a typical home valued around $300,000, annual property taxes might range from $1,200 to $1,800. Your lender will include this estimated amount in your monthly escrow payment, making your overall housing costs more manageable compared to urban areas.
What should I know about getting a mortgage for land or a manufactured home in Burns?
Financing for land or manufactured homes in Burns requires specific loan products. For vacant land, you'll typically need a higher down payment (often 20-50%) and may need to use a local community bank familiar with rural property. For manufactured homes, you must ensure the home is permanently affixed to a foundation and titled as real estate to qualify for an FHA, VA, or USDA loan, rather than a higher-cost personal property loan.
How does the appraisal process work for a rural property in Burns, and what unique challenges might arise?
Appraisals in Burns can be more complex due to the lack of comparable sales ("comps") for unique or very rural properties. An appraiser may need to look at sales from a wider geographic area, which can sometimes affect the valuation. It's crucial to work with a lender experienced in rural markets who uses appraisers familiar with Dickson County's land values, well and septic systems, and property types.
Why Choose a Mortgage Lender in Burns?
Local Market Knowledge
Lenders who understand Burns'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 Burns and get competitive rates on your home loan.