The Best Mortgage Lenders in Dyersburg, TN
Compare verified mortgage lenders serving Dyersburg, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dyersburg
Featured Mortgage Lenders
First South Credit Union
First South Credit Union
First South Credit Union stands out as Dyersburg's premier local mortgage lender with deep community roots and exceptional member service. As a not-for-profit financial cooperative, they consistently offer competitive rates and personalized guidance through the entire home financing process. Their mortgage specialists provide one-on-one consultations and are known for their patience in explaining complex mortgage concepts to first-time homebuyers. With multiple Dyersburg locations and a reputation for closing loans efficiently, they've built trust through decades of serving Northwest Tennessee families.
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Bank of Bartlett Mortgage Division
Bank of Bartlett
Bank of Bartlett brings strong regional mortgage expertise to Dyersburg homebuyers with their comprehensive lending programs and competitive rate structures. While headquartered in Bartlett, they actively serve the Dyersburg market and have built a reputation for transparent pricing and reliable service. Their mortgage team includes experienced loan officers who understand the unique aspects of rural and suburban Tennessee real estate markets. Customers consistently praise their responsive communication and ability to navigate complex loan scenarios while maintaining competitive closing timelines.
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Churchill Mortgage Corporation
Churchill Mortgage
Churchill Mortgage has established itself as one of Tennessee's most respected mortgage lenders with a strong presence serving Dyersburg and surrounding communities. Founded by industry veteran Mike Hardwick, the company emphasizes educational approaches to home financing and debt management. Their loan officers are praised for thorough pre-approval processes and detailed explanations of loan options. Churchill's commitment to manual underwriting and traditional lending principles appeals to borrowers seeking straightforward, transparent mortgage experiences. They consistently receive high marks for customer service and loan officer expertise across Tennessee markets.
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Frequently Asked Questions
Common questions about mortgage lending in Dyersburg, TN
Are there any first-time homebuyer assistance programs specific to Dyersburg, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Dyersburg. This program provides competitive fixed-rate mortgages paired with down payment assistance in the form of a second mortgage grant, which does not require monthly payments. Local lenders in Dyersburg are well-versed in these programs and can help you determine your eligibility based on income and the home's purchase price.
How do property taxes in Dyer County affect my monthly mortgage payment in Dyersburg?
Dyer County property taxes are relatively moderate compared to national averages, which helps keep escrow payments manageable. For a typical home in Dyersburg valued around $200,000, annual property taxes might range from $1,200 to $1,600. Your lender will calculate this into your monthly escrow payment, and it's wise to confirm the exact rate with the Dyer County Trustee's office, as rates can vary slightly within city limits.
What is the typical down payment required for a conventional mortgage on a home in Dyersburg's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many local lenders in Dyersburg work with buyers who put down as little as 3-5% for conventional loans, especially given the area's affordable home prices. For a median-priced Dyersburg home near $180,000, a 5% down payment would be approximately $9,000. Your specific rate and PMI cost will depend heavily on your credit score and debt-to-income ratio.
Does Dyersburg have any specific loan considerations for buying in flood-prone areas near the Forked Deer River?
Yes, if the home you're purchasing is located in a designated Special Flood Hazard Area (SFHA) as mapped by FEMA, your lender will require you to purchase flood insurance as a condition of the mortgage. This is a crucial consideration in parts of Dyersburg and surrounding Dyer County. Your lender will order a flood zone determination during the appraisal process to confirm this requirement.
How competitive is the mortgage rate environment in Dyersburg compared to the national average?
Mortgage rates in Dyersburg generally align with national averages, as they are set by larger market forces. However, working with a local credit union or community bank in Dyersburg can sometimes provide more personalized service and potentially competitive rate offerings, especially for members or those with strong local banking relationships. It's always recommended to get quotes from at least two or three local lenders to ensure you're getting the best available deal for your situation.
Why Choose a Mortgage Lender in Dyersburg?
Local Market Knowledge
Lenders who understand Dyersburg'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 Dyersburg and get competitive rates on your home loan.