The Best Mortgage Lenders in Eagan, TN
Compare verified mortgage lenders serving Eagan, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Eagan
Featured Mortgage Lenders
First National Bank of Tennessee
First National Bank of Tennessee
First National Bank of Tennessee is a highly-rated regional bank with strong presence throughout the Upper Cumberland region, including service to Eagan residents. With over two decades of experience, they offer personalized mortgage solutions and local underwriting decisions. Their exceptional 4.8 rating reflects outstanding customer service, competitive rates, and deep community involvement. As a community bank, they provide the advantage of local decision-making while offering comprehensive loan programs including USDA loans which are particularly relevant for rural areas like Eagan.
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Plateau Credit Union
Plateau Credit Union
Plateau Credit Union serves the entire Cumberland County region including Eagan, with a longstanding reputation for excellent mortgage lending services. Their 4.7 rating demonstrates consistent customer satisfaction and competitive member benefits. As a credit union, they offer lower fees and more personalized service than many larger institutions. With nearly 70 years of community banking experience, they have deep roots in the area and understand the unique needs of rural Tennessee homebuyers, offering specialized programs for first-time buyers and rural development loans.
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PrimeLending
PrimeLending, A PlainsCapital Company
PrimeLending's Cookeville branch serves the Eagan area with a strong reputation for mortgage expertise and excellent customer service. With over three decades in business and a 4.6 rating, they combine national resources with local knowledge. Their experienced loan officers specialize in all major loan types, including USDA loans perfect for Eagan's rural character. The company is known for competitive rates, streamlined digital processes, and dedicated local support throughout the mortgage journey, making them a top choice for Eagan area homebuyers seeking reliable financing options.
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Frequently Asked Questions
Common questions about mortgage lending in Eagan, TN
What are the current mortgage rates like in Eagan, TN, and how do they compare to the national average?
Mortgage rates in Eagan, TN, are generally in line with national averages, but local lenders may offer competitive rates due to the area's stable, rural housing market. It's wise to compare offers from local credit unions, like those in nearby Crossville, alongside national lenders, as they sometimes have special programs for residents of Cumberland County. Rates can be influenced by property type, with rates for manufactured homes on owned land potentially differing from those for traditional site-built houses.
Are there any down payment assistance programs specifically for homebuyers in Eagan or Cumberland County?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which includes down payment assistance for eligible buyers statewide, including in Eagan. This program is particularly valuable for first-time homebuyers and can be used with various loan types. Working with a THDA-approved lender who is familiar with the rural property qualifications in the Eagan area is crucial for a smooth process.
What unique challenges should I expect when getting a mortgage for a property in rural Eagan, TN?
Financing properties in rural Eagan may involve challenges like well and septic system inspections, which are often required by lenders and can affect loan approval. Additionally, appraisals can be more complex due to fewer comparable sales ("comps") in the immediate area. Using a local lender experienced with USDA Rural Development loans, which are highly relevant for this area, can help navigate these specific hurdles.
Is a USDA loan a good option for buying a home in Eagan, TN?
Absolutely. Eagan's rural location makes it an ideal area for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is one of the most advantageous programs for buyers in Eagan looking for affordable, low-down-payment options. Income limits and property eligibility apply, so consulting with a lender familiar with the local USDA office's guidelines is essential.
How does the appraisal process work for a manufactured home on land in Eagan?
Appraising a manufactured home permanently affixed to owned land in Eagan requires an appraiser with specific expertise. The lender will need to ensure the home meets HUD title standards (post-1976) and is classified as real property, not personal property. The value will be based on the combined worth of the home and the land, using comparable sales of similar properties in Cumberland County, which may take longer to find than in more urban markets.
Why Choose a Mortgage Lender in Eagan?
Local Market Knowledge
Lenders who understand Eagan'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 Eagan and get competitive rates on your home loan.