The Best Mortgage Lenders in Eads, TN
Compare verified mortgage lenders serving Eads, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Eads
Featured Mortgage Lenders
Barry D. Hays
Churchill Mortgage
Barry Hays with Churchill Mortgage is one of the highest-rated mortgage professionals serving the Greater Memphis area including Eads. With over three decades of experience and nearly 300 excellent reviews, he specializes in personalized mortgage solutions with competitive rates. Churchill Mortgage has built a strong reputation for transparent lending practices and exceptional customer service, particularly for first-time homebuyers and military families seeking VA loans. Their local presence in the Memphis metropolitan area ensures responsive service for Eads residents.
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Jason Maddux
Fairway Independent Mortgage Corporation
Jason Maddux with Fairway Independent Mortgage has built an outstanding reputation throughout Shelby County and surrounding areas including Eads. With nearly 200 excellent reviews, he's known for competitive rates and streamlined loan processes. Fairway Independent Mortgage, founded in 1996, is consistently ranked among the top mortgage lenders nationally while maintaining strong local expertise. They offer comprehensive loan options including specialized construction loans, which is valuable for Eads residents looking to build in more rural settings.
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Mortgage Services
ORNL Federal Credit Union
ORNL Federal Credit Union, while based in East Tennessee, serves members throughout Tennessee including the Eads area through their extensive digital mortgage platform and statewide presence. As one of Tennessee's largest credit unions with over 75 years of operation, they offer highly competitive rates and personalized service. Their mortgage team specializes in first-time homebuyer programs and offers exclusive member benefits. With hundreds of positive reviews and deep community roots, they provide reliable mortgage solutions with the advantage of credit union membership benefits and lower fees.
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Frequently Asked Questions
Common questions about mortgage lending in Eads, TN
What are typical down payment requirements for homes in Eads, TN, given its rural-suburban setting?
While standard loans often require 3-5% down, many homes in the Eads area are priced accessibly, making down payments more manageable. Local lenders are familiar with USDA Rural Development loans, which offer 0% down payment options for eligible borrowers in this designated rural area, a key advantage for Eads homebuyers.
Are there any first-time homebuyer programs specifically beneficial for purchasing in Eads?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which provides competitive interest rates and down payment assistance. This is particularly useful in Eads, as it can be combined with the area's USDA eligibility, creating a powerful package for qualified first-time buyers.
How does Eads's location within Shelby County impact property taxes and mortgage escrow?
Eads is in Shelby County, which has a combined property tax rate that includes county and school district levies. Your lender will calculate escrow based on this rate, which is generally moderate for the region. It's important to factor this into your overall monthly payment, as rates can differ from neighboring municipalities.
What type of property appraisals are common for Eads homes, and are there any local challenges?
Appraisals in Eads typically use comparable sales ("comps") from within the wider Eads and Arlington areas. A potential challenge can be finding recent comps for unique or larger rural properties, which may require an appraiser with specific local experience to ensure an accurate valuation that satisfies lender requirements.
With Eads being an unincorporated community, are there any special inspections or certifications required for a mortgage?
Since Eads relies on Shelby County services, standard home inspections and well/septic certifications (for properties not on municipal water/sewer) are critical for loan approval. Lenders will require a potability test for well water and a satisfactory inspection of any septic system, which are common for rural parcels in the area.
Why Choose a Mortgage Lender in Eads?
Local Market Knowledge
Lenders who understand Eads'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 Eads and get competitive rates on your home loan.