The Best Mortgage Lenders in Clarksville, TN
Compare verified mortgage lenders serving Clarksville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clarksville
Featured Mortgage Lenders
Fort Campbell Federal Credit Union Mortgage Department
Fort Campbell Federal Credit Union
As one of the most established financial institutions in the Clarksville area, Fort Campbell Federal Credit Union has built an exceptional reputation for mortgage lending with deep roots in the military community. They consistently receive outstanding reviews for their personalized service, competitive rates, and expertise in VA loans, which is particularly valuable given Clarksville's proximity to Fort Campbell. Their mortgage specialists are praised for guiding borrowers through the entire process with transparency and care, making them a top choice for both military families and civilian residents in Montgomery County.
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LeaderOne Financial - Clarksville Team
LeaderOne Financial
LeaderOne Financial has established itself as one of Clarksville's highest-rated mortgage lenders with numerous local awards and exceptional customer satisfaction ratings. Their Clarksville branch is consistently praised for fast closings, competitive rates, and outstanding communication throughout the loan process. Specializing in both purchase and refinance transactions, they've built strong relationships with local real estate agents and have particular expertise in navigating the unique aspects of the Clarksville housing market, including military relocation loans for Fort Campbell personnel.
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F&M Bank Mortgage Division
F&M Bank
As a community bank with deep roots in Middle Tennessee, F&M Bank brings exceptional local expertise and long-standing relationships to Clarksville's mortgage market. Their mortgage team receives consistently high marks for personalized service, local decision-making, and understanding the specific needs of Clarksville homebuyers. With multiple branches throughout the area, they offer the convenience of local underwriting and closing while maintaining competitive rates. Their construction and lot loan programs are particularly well-regarded, making them a top choice for custom home building in the growing Clarksville market.
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Frequently Asked Questions
Common questions about mortgage lending in Clarksville, TN
Are there any special mortgage programs for first-time homebuyers in Clarksville, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is popular in Clarksville. This program provides competitive interest rates, down payment assistance, and flexible credit guidelines, making it an excellent option for first-time buyers, especially with the city's large military and young professional population.
How does being near Fort Campbell affect the mortgage process in Clarksville?
Clarksville's proximity to Fort Campbell means many lenders are highly experienced with VA loans and military relocation. You'll find lenders who understand BAH (Basic Allowance for Housing) as qualifying income and the unique timelines of PCS (Permanent Change of Station) orders. It's also common to find VA-assumable loans on the market here.
What are typical closing costs for a mortgage in Clarksville, Montgomery County?
In Montgomery County, closing costs typically range from 2% to 5% of the home's purchase price. These include state and local fees like Tennessee's mortgage recording tax, title insurance, and county-specific transfer taxes. Working with a local lender can provide a precise estimate, as costs can vary slightly within the county.
Are USDA loans a viable option for homes in Clarksville, given its growth?
Absolutely. While Clarksville's urban core is ineligible, many of the rapidly developing suburban and rural areas in Montgomery County still qualify for USDA Rural Development loans, which offer 100% financing. Neighborhoods on the city's outskirts, like parts of Sango, may still be within the eligible zones, making this a powerful tool for buyers with moderate incomes.
How do property taxes in Montgomery County impact my mortgage payment and qualification?
Montgomery County has a relatively low property tax rate compared to national averages, currently around $0.93 per $100 of assessed value. This lower tax burden can help with debt-to-income ratio (DTI) qualification, as your estimated monthly escrow payment will be lower. Your lender will use the specific county rate to calculate this for your pre-approval.
Why Choose a Mortgage Lender in Clarksville?
Local Market Knowledge
Lenders who understand Clarksville'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 Clarksville and get competitive rates on your home loan.