The Best Mortgage Lenders in Como, TN
Compare verified mortgage lenders serving Como, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Como
Featured Mortgage Lenders
First Horizon Bank Mortgage Team
First Horizon Bank
First Horizon Bank maintains a strong presence throughout West Tennessee with multiple branches serving the Como area. As one of the region's most established financial institutions, they offer comprehensive mortgage services with local decision-making and personalized service. Their mortgage team has extensive experience with rural property financing and USDA loans, which are particularly relevant for the Como market. Customers consistently praise their responsive service, competitive rates, and understanding of local real estate conditions.
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Churchill Mortgage Corporation
Churchill Mortgage
Churchill Mortgage has built an exceptional reputation throughout Tennessee with numerous positive reviews highlighting their transparent process and educational approach to home financing. They serve the Como area with specialized knowledge of rural Tennessee properties and offer particularly strong USDA loan programs. Their team provides personalized guidance through the entire mortgage process, with many customers noting their patience in explaining options and commitment to finding the right loan product for each borrower's situation.
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Regional One Federal Credit Union Mortgage Department
Regional One Federal Credit Union
Regional One Federal Credit Union has been serving West Tennessee communities including Como for decades, offering member-focused mortgage services with competitive rates and low fees. As a credit union, they prioritize member satisfaction over profit, resulting in highly personalized service and flexible underwriting. Their mortgage specialists have deep knowledge of the local market and excel at helping borrowers with unique financial situations. Members consistently report smooth closing processes and appreciate the local decision-making capability that eliminates lengthy corporate approvals.
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Frequently Asked Questions
Common questions about mortgage lending in Como, TN
What are the typical down payment requirements for homes in Como, TN, given its rural market?
In Como's affordable market, many conventional loans can be secured with a 3-5% down payment. For eligible buyers, USDA loans are a popular choice as they offer 100% financing with no down payment, which is ideal for this designated rural area. Local lenders are very familiar with structuring these loans for properties in and around Como.
Are there any special first-time homebuyer programs or grants available specifically for Como, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which provides competitive rates and down payment assistance for eligible first-time buyers statewide, including in Como. Additionally, some local lenders may offer portfolio loans or grants tailored to the West Tennessee region to help with closing costs.
How does Como's location in a USDA-eligible zone benefit mortgage seekers?
Como's classification as a rural area makes most homes eligible for USDA Section 502 Guaranteed Loans. This is a significant benefit, as these government-backed loans require no down payment and often have competitive interest rates and more flexible credit guidelines compared to conventional loans, making homeownership more accessible.
What should I know about property taxes and insurance when calculating my mortgage payment in Como?
Property taxes in Henry County (where Como is located) are relatively low compared to urban areas, which helps keep monthly payments affordable. However, because Como is in a more remote area, it's important to budget for potentially higher homeowners insurance premiums, as some insurers may factor in distance to fire hydrants and stations.
How do appraisals work for unique or older properties in a small town like Como?
Appraising older or unique homes in Como requires an appraiser with specific knowledge of the local rural market and comparable sales in Henry County or nearby areas like Paris. Lenders will work with appraisers who understand the value of land, outbuildings, and the condition of historic properties common in the area to ensure a fair valuation.
Why Choose a Mortgage Lender in Como?
Local Market Knowledge
Lenders who understand Como'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 Como and get competitive rates on your home loan.