The Best Mortgage Lenders in Eva, TN
Compare verified mortgage lenders serving Eva, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Eva
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years of experience, they offer a wide range of loan products and have a strong local presence in Tennessee, including service to rural areas like Eva. They are highly regarded for their personalized approach, fast processing times, and high customer satisfaction scores, making them a reliable choice for homebuyers in the region.
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loanDepot
loanDepot, LLC
loanDepot is a modern mortgage lender with a strong reputation for offering competitive rates and a streamlined online application process. Founded in 2010, they have grown to serve customers across Tennessee, including Eva, with a focus on convenience and technology-driven solutions. They provide various loan options and have received high marks for customer service and transparency, making them a popular choice for both first-time and experienced homebuyers.
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New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender known for its diverse loan programs and commitment to customer satisfaction. With 21 years of experience, they offer tailored solutions for homebuyers in Tennessee, including those in Eva, with a focus on first-time buyers and underserved communities. They are praised for their responsive service, competitive rates, and extensive educational resources, ensuring a smooth mortgage process from application to closing.
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Frequently Asked Questions
Common questions about mortgage lending in Eva, TN
Are there any special mortgage considerations for buying a home near Kentucky Lake in Eva, TN?
Yes, properties near Kentucky Lake may require additional considerations. Lenders often require a specialized appraisal to account for the waterfront or view premium, and you may need separate flood insurance, which is mandatory in certain zones and can affect your total monthly payment. It's crucial to work with a lender familiar with rural recreational property financing.
What down payment assistance programs are available for first-time homebuyers in Eva, TN?
First-time homebuyers in Eva can access statewide programs like the Great Choice Home Loan program through the Tennessee Housing Development Agency (THDA). This program offers competitive interest rates, down payment assistance in the form of a second mortgage, and is particularly beneficial in Benton County's more affordable market to help with closing costs.
How do mortgage rates in Eva, TN, compare to the national average?
Mortgage rates in Eva generally align with national averages, as they are set by larger market forces. However, your specific rate will be influenced by your financial profile and the lender you choose. Working with a local credit union or community bank in Benton County can sometimes provide more personalized service and competitive terms for rural properties.
What type of property insurance is typically required for a mortgage on a rural home in Eva?
For a rural home in Eva, standard homeowners insurance is required by lenders. If the home is on a larger parcel (e.g., several acres), you may want to discuss additional coverage for outbuildings or land features. Importantly, if the home uses a well and septic system, some lenders may require specific water quality and septic inspections as a loan condition.
Are USDA loans a common and good option for mortgages in Eva, Tennessee?
Absolutely. USDA Rural Development loans are an excellent and popular option in Eva, as much of Benton County is eligible for this $0-down-payment program. These loans are designed for low-to-moderate income borrowers in designated rural areas, making homeownership more accessible in a community like Eva where many properties qualify.
Why Choose a Mortgage Lender in Eva?
Local Market Knowledge
Lenders who understand Eva'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 Eva and get competitive rates on your home loan.