The Best Mortgage Lenders in Cumberland Furnace, TN
Compare verified mortgage lenders serving Cumberland Furnace, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cumberland Furnace
Featured Mortgage Lenders
Ascend Federal Credit Union
Ascend Federal Credit Union
As one of Middle Tennessee's largest and most established credit unions, Ascend has been serving the Cumberland Furnace area for decades with exceptional mortgage services. They consistently receive top ratings for their personalized service, competitive rates, and deep community commitment. Their mortgage team specializes in first-time homebuyer programs and offers comprehensive guidance through the entire loan process, making them a trusted local choice for Dickson County residents.
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Churchill Mortgage
Churchill Mortgage Corporation
Founded in nearby Brentwood, Churchill Mortgage has built an outstanding reputation across Middle Tennessee for transparent lending practices and exceptional customer service. They specialize in educating borrowers and offer a wide range of loan products with competitive rates. With strong local presence and numerous awards for customer satisfaction, they consistently rank among Tennessee's top mortgage lenders with particular expertise serving rural communities like Cumberland Furnace.
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Pinnacle Financial Partners
Pinnacle Financial Partners
As a leading regional financial institution with deep roots in Middle Tennessee, Pinnacle Financial Partners provides exceptional mortgage services to the Cumberland Furnace area through their extensive branch network. They're renowned for their local decision-making authority, competitive rates, and personalized approach to mortgage lending. Their experienced loan officers provide comprehensive guidance and have particular expertise with rural properties and construction loans common in the Dickson County area.
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Frequently Asked Questions
Common questions about mortgage lending in Cumberland Furnace, TN
Are there any special mortgage programs for first-time homebuyers in Cumberland Furnace, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is popular in Cumberland Furnace and Dickson County. This program provides competitive interest rates, down payment assistance, and flexible credit guidelines, making it an excellent option for qualifying first-time buyers in the area. Local lenders are well-versed in these programs and can guide you through the application process.
How does the rural nature of Cumberland Furnace affect my mortgage options?
Cumberland Furnace's location in a rural part of Dickson County makes many properties eligible for USDA Rural Development loans, which offer 100% financing with no down payment required. This is a significant advantage for buyers looking at homes on larger lots or in more secluded areas. It's important to confirm a property's specific eligibility with your lender, as USDA maps can change.
What are typical closing costs for a mortgage in Cumberland Furnace, TN?
Closing costs in Cumberland Furnace typically range from 2% to 5% of the home's purchase price, similar to state averages. These include standard fees like appraisal, title insurance, and lender charges. A local consideration is that properties with wells and septic systems may require specific inspections, which can add to the upfront costs, so budgeting for these is essential.
How do property taxes in Dickson County impact my monthly mortgage payment?
Dickson County has a relatively low property tax rate compared to many urban areas in Tennessee, which is a benefit for Cumberland Furnace homeowners. The current county rate is approximately $2.48 per $100 of assessed value. Your lender will include an estimate of these taxes in your monthly escrow payment, and the overall property tax burden is often a pleasant surprise for buyers moving from higher-tax regions.
Is it difficult to get a mortgage for a manufactured or modular home in Cumberland Furnace?
While financing for manufactured homes can be more complex, it is certainly available in Cumberland Furnace. The key factors are whether the home is permanently affixed to a foundation and classified as real property, and if it meets HUD code. Many local lenders offer FHA, VA, or USDA loans for qualifying manufactured homes, but you'll need to work with a lender experienced in this specific type of financing in rural Tennessee.
Nearby Cities
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Why Choose a Mortgage Lender in Cumberland Furnace?
Local Market Knowledge
Lenders who understand Cumberland Furnace'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 Cumberland Furnace and get competitive rates on your home loan.