The Best Mortgage Lenders in Decherd, TN
Compare verified mortgage lenders serving Decherd, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Decherd
Featured Mortgage Lenders
Jason Gipson
First Community Mortgage
First Community Mortgage has been serving Middle Tennessee for over 30 years and is one of the highest-rated mortgage lenders in the Decherd area. Jason Gipson and his team specialize in first-time homebuyer programs and offer personalized service with competitive rates. They have exceptional customer satisfaction ratings and deep knowledge of Franklin County's real estate market, making them a top choice for local home financing with their comprehensive loan options and streamlined digital process.
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Mortgage Division
FirstBank
FirstBank has been a trusted financial institution in the Decherd/Winchester area for over a century, with their mortgage division earning exceptional ratings for local service. They offer competitive rates and specialize in construction loans, which is valuable in the growing Decherd market. Their local branch presence ensures personalized service and deep community knowledge, while their extensive loan portfolio caters to all borrower types from first-time buyers to investment properties.
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Chris Wood
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage, led by Chris Wood in nearby Tullahoma, is consistently ranked among the top mortgage lenders serving Decherd and Franklin County. They offer exceptional customer service with a reputation for smooth closings and competitive rates. The team specializes in VA and USDA loans, which are popular in the rural Decherd area, and their "Fairway Now" program provides rate protection and streamlined processing that local homebuyers highly value.
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Frequently Asked Questions
Common questions about mortgage lending in Decherd, TN
Are there any special down payment assistance programs for first-time homebuyers in Decherd, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Plus program, which provides down payment assistance in the form of a second mortgage forgivable over time. This is widely available in Decherd and across Franklin County. Additionally, local lenders may have knowledge of specific grants or programs for teachers, healthcare workers, or veterans in the area.
How does Decherd's rural location affect mortgage options and property requirements?
Due to Decherd's designation as a rural area by the USDA, many homes just outside the town limits may qualify for USDA Rural Development loans, which offer 100% financing with no down payment. However, for properties within the city, standard FHA, VA, and conventional loans are most common. Appraisals in this market must carefully consider the mix of older, historic homes and newer construction.
What are typical closing costs for a mortgage in Decherd, and are there local taxes or fees I should know about?
Typical closing costs in Decherd range from 2% to 5% of the loan amount. Franklin County has relatively low property taxes, which is a benefit for your monthly payment. You should budget for standard Tennessee mortgage registration taxes and the county's title recording fees. A local lender can provide a detailed Loan Estimate that includes any specific municipal fees for Decherd utilities or services.
Is it difficult to get a mortgage for a manufactured home in Decherd?
Financing for manufactured homes in Decherd is available but has specific requirements. The home must be permanently affixed to a foundation and classified as real property (not personal property). FHA Title I and VA loans are common options for manufactured homes that meet these criteria, and local lenders with experience in the Franklin County market are best equipped to navigate these loans.
How competitive is the mortgage market in Decherd, and should I use a local lender?
While Decherd is a smaller market, you have access to lenders from nearby Tullahoma, Winchester, and even Murfreesboro, creating competitive options for rates and fees. Using a local lender from Franklin County or the surrounding area is highly advantageous, as they understand the nuances of appraisals in this market, the timelines for local title companies, and can often process loans more efficiently for area properties.
Why Choose a Mortgage Lender in Decherd?
Local Market Knowledge
Lenders who understand Decherd'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 Decherd and get competitive rates on your home loan.