The Best Mortgage Lenders in College Grove, TN
Compare verified mortgage lenders serving College Grove, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in College Grove
Featured Mortgage Lenders
Jason Gaughan
Churchill Mortgage
Churchill Mortgage is headquartered in the Nashville area and serves College Grove extensively. With over three decades of experience, they've built an exceptional reputation for personalized service and competitive rates. They specialize in first-time homebuyer programs and offer comprehensive mortgage solutions with a strong focus on customer education throughout the home buying process. Their team of local experts understands the Williamson County market dynamics and provides tailored financing options for College Grove's growing community.
Loan Types:
Brentwood Branch
Movement Mortgage
Movement Mortgage has established a strong presence in the Nashville metropolitan area with their Brentwood office serving College Grove and surrounding communities. Known for their streamlined digital mortgage process and exceptional customer service, they consistently receive high marks for communication and closing efficiency. Their local loan officers have deep knowledge of the Williamson County real estate market and offer competitive rates with various loan programs tailored to Middle Tennessee homebuyers' needs.
Loan Types:
Franklin Financial Center
First Horizon Bank
First Horizon Bank has deep roots in Tennessee with multiple branches serving the College Grove area through their Franklin financial center. As one of the largest regional banks in the Southeast, they offer comprehensive mortgage services with the advantage of local decision-making and personalized service. Their mortgage specialists understand the unique characteristics of the Williamson County market and provide competitive financing options with the stability of an established financial institution that has served Tennessee communities for over 150 years.
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Frequently Asked Questions
Common questions about mortgage lending in College Grove, TN
What are the typical down payment requirements for homes in College Grove, TN, given its higher-than-average home prices?
Due to the premium nature of the College Grove market, with many new construction and luxury homes, lenders typically see standard 20% down payments for conventional loans. However, for qualified buyers, options like FHA loans (3.5% down) or conventional loans with private mortgage insurance (as low as 3% down) are available, especially on more moderately priced existing homes in the area.
Are there any local or state mortgage assistance programs for first-time homebuyers in College Grove?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program and down payment assistance for eligible first-time buyers statewide, which applies in College Grove. These programs have income and purchase price limits, so it's important to check current thresholds as College Grove's market prices may be near or above these caps.
How does the prevalence of new construction in College Grove's master-planned communities affect the mortgage process?
Buying new construction in communities like Westhaven or other College Grove developments often involves a longer closing timeline, requiring a construction-to-permanent loan or a longer rate lock. You'll typically work with the builder's preferred lender, but it's wise to get independent mortgage pre-approval to compare terms and ensure you're getting a competitive rate.
What property tax considerations should I factor into my mortgage payment in Williamson County?
Williamson County has some of the highest property tax rates in Tennessee, currently around $1.00 per $100 of assessed value. Your lender will escrow for these taxes, significantly impacting your total monthly payment. It's crucial to get an accurate tax estimate, as new construction assessments can change after the first year.
Are jumbo loans common in College Grove, and how do their requirements differ?
Yes, jumbo loans are very common in College Grove as many homes exceed the conforming loan limit ($ in 2024). Jumbo loans typically require excellent credit (often 700+), a lower debt-to-income ratio, and larger down payments (usually 10-20% minimum). You'll find many local lenders with specific expertise in this high-value market.
Nearby Cities
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Why Choose a Mortgage Lender in College Grove?
Local Market Knowledge
Lenders who understand College Grove'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 College Grove and get competitive rates on your home loan.