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Estill Springs, TN

The Best Mortgage Lenders in Estill Springs, TN

Compare verified mortgage lenders serving Estill Springs, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
624+
Reviews
8
Loan Types

Available Loan Programs in Estill Springs

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Home Equity

Featured Mortgage Lenders

1

Mortgage Loan Officer

First Community Mortgage

★★★★☆
4.8/5

First Community Mortgage is one of Tennessee's most respected regional mortgage lenders with an exceptional reputation for customer service and competitive rates. As a division of First Community Bank of Tennessee, they have deep roots in the state and extensive experience serving rural communities like Estill Springs. They specialize in USDA loans which are particularly beneficial for rural homebuyers, and their local loan officers provide personalized service with deep knowledge of the local market conditions in Franklin County and surrounding areas.

Experience:25 years
Reviews:185 customer reviews
401 Union Street, Nashville, TN 37219

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Mortgage Department

First National Bank of Middle Tennessee

★★★★☆
4.7/5

First National Bank of Middle Tennessee has been serving the region for over a century and maintains a strong physical presence just 15 minutes from Estill Springs in Tullahoma. As a community bank, they offer personalized mortgage services with local decision-making authority, allowing for faster processing and more flexible underwriting. Their mortgage team has extensive experience with rural properties and understands the specific needs of Franklin County residents, offering competitive construction loans and conventional mortgage products with exceptional local service.

Experience:30 years
Reviews:92 customer reviews
1201 South Jackson Street, Tullahoma, TN 37388

Loan Types:

ConventionalFHAConstructionRefinanceHome Equity
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3

Branch Manager

Fairway Independent Mortgage Corporation

★★★★☆
4.9/5

Fairway Independent Mortgage is a nationally recognized mortgage lender with a strong Tennessee presence and multiple awards for customer satisfaction. Their Rutherford County branch actively serves the Estill Springs area and specializes in rural housing loans including USDA programs. They consistently receive top ratings for their streamlined application process, competitive rates, and exceptional communication throughout the loan process. Their loan officers have specific expertise with Tennessee's rural property markets and offer a wide range of loan products to meet various borrower needs.

Experience:15 years
Reviews:347 customer reviews
112 West Burton Street, Murfreesboro, TN 37130

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Estill Springs, TN

Are there any special mortgage programs for first-time homebuyers in Estill Springs, TN?

Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is popular in Estill Springs. This program provides competitive interest rates, down payment assistance, and flexible credit guidelines, making it an excellent option for first-time buyers in the area. Many local lenders are approved THDA partners and can guide you through the application process.

How do property taxes in Franklin County affect my mortgage payments in Estill Springs?

Franklin County has relatively moderate property tax rates compared to larger Tennessee metros, which helps keep your total monthly mortgage payment affordable. For the 2023 tax year, the county rate is $2.76 per $100 of assessed value. Your lender will calculate an estimated monthly amount for taxes and include it in your escrow payment, and it's wise to budget for potential small increases after county reassessments.

What is the typical down payment needed for a home in Estill Springs' market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Estill Springs utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's accessible price points. For a typical single-family home in the $250,000-$350,000 range, local lenders often work with buyers on these lower-down-payment options, coupled with strong credit.

Are USDA rural development loans available for homes in Estill Springs, TN?

Absolutely. Estill Springs and much of Franklin County are eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a significant advantage for eligible buyers looking in this area, as it includes many properties just outside the more densely populated zones. A local mortgage broker can confirm a specific property's eligibility using the USDA online map.

How does the appraisal process work for a manufactured or modular home in Estill Springs?

Financing manufactured homes in Estill Springs requires a specialized appraisal that considers the home's foundation, titling (whether it's classified as real or personal property), and compliance with HUD codes. It's crucial to work with a lender experienced in this type of lending in Franklin County, as not all lenders offer these loans, and the process differs from that for a traditional site-built home.

Mortgage Insights

Finding Your Perfect Mortgage Match in Estill Springs, TN

Searching for a "mortgage broker near me" in Estill Springs is more than just finding a local office—it’s about connecting with a professional who understands the unique heartbeat of our community and the specific opportunities in our housing market. As a charming town nestled between the waters of the Elk River and the rolling hills of Franklin County, Estill Springs offers a distinct blend of small-town living with convenient access to larger hubs like Tullahoma and Winchester. This dynamic makes partnering with a local mortgage expert not just convenient, but crucial for navigating your homebuying journey successfully.

Why does local expertise matter so much here? A mortgage broker based in or familiar with Estill Springs brings invaluable insight into our market's nuances. They understand property values in different neighborhoods, from homes near the springs to those with more acreage on the outskirts. They can assess how factors like proximity to Arnold Air Force Base or the local school districts might influence both your lifestyle and a lender's appraisal. A broker who knows the area can often recommend local inspectors, title companies, and real estate agents, creating a seamless, supportive team that’s invested in your success.

For Tennessee homebuyers, there are excellent state-specific programs to explore, and a knowledgeable local broker is your guide to accessing them. The Great Choice Home Loan program, for instance, offers competitive interest rates and down payment assistance, which can be a game-changer for first-time buyers or those with moderate incomes. A broker familiar with Tennessee Housing Development Agency (THDA) guidelines can help you determine if you qualify and seamlessly integrate this benefit into your financing package. They’ll also be well-versed in USDA Rural Development loans, which are highly relevant for many properties in and around Estill Springs, potentially offering zero-down-payment options.

Your actionable first step? Look beyond a simple online search. Ask for referrals from friends, family, or your real estate agent who have recently purchased in the area. When you interview potential brokers, come prepared with specific questions: "How many transactions have you closed in Franklin County in the last year?" or "Can you walk me through how a THDA Great Choice loan would work for a home in my price range in Estill Springs?" Pay attention to how well they listen to your goals and explain your options in plain language.

Ultimately, the right mortgage broker near you acts as your advocate, translator, and strategist. They’ll work to find the best loan product for your financial picture while ensuring the process is tailored to the pace and character of the Estill Springs market. By choosing a professional rooted in our community, you’re not just securing a loan—you’re gaining a partner who will help you unlock the door to your new Tennessee home with confidence.

Nearby Cities

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Why Choose a Mortgage Lender in Estill Springs?

Local Market Knowledge

Lenders who understand Estill Springs'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 Estill Springs and get competitive rates on your home loan.