The Best Mortgage Lenders in Evensville, TN
Compare verified mortgage lenders serving Evensville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Evensville
Featured Mortgage Lenders
Tennessee Valley Federal Credit Union
Tennessee Valley Federal Credit Union
As one of the most established financial institutions in the region, TVFCU has been serving Rhea County and surrounding areas for over eight decades. They consistently receive exceptional ratings for their personalized mortgage services, competitive rates, and deep community involvement. Their mortgage specialists provide comprehensive guidance through the entire home buying process, with particular expertise in rural properties common in the Evensville area. Members praise their transparent communication and local decision-making authority.
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First Horizon Bank Mortgage Division
First Horizon Bank
With a physical branch location in nearby Dayton and deep roots throughout Southeast Tennessee, First Horizon offers extensive mortgage expertise and local market knowledge. They provide competitive rates and a wide variety of loan products suitable for Evensville's mix of rural and suburban properties. Their mortgage officers have strong relationships with local real estate professionals and understand the unique aspects of financing homes in Rhea County. Customers consistently rate them highly for their professionalism and efficient loan processing.
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Churchill Mortgage Corporation
Churchill Mortgage
While headquartered in Brentwood, Churchill Mortgage has built a strong reputation across Tennessee, including service to Evensville and Rhea County. They're particularly noted for their educational approach to mortgage lending and commitment to responsible home financing. Their loan officers provide comprehensive pre-approval processes and personalized service throughout the mortgage journey. Churchill receives consistently high marks for their transparency, competitive rates, and dedication to ensuring clients understand every aspect of their mortgage options.
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Frequently Asked Questions
Common questions about mortgage lending in Evensville, TN
What are the current mortgage rates like in Evensville, TN, and how do they compare to the national average?
Mortgage rates in Evensville typically align closely with Tennessee state averages, which are often slightly below the national average due to the state's lower cost of living. However, rates can vary between lenders in the Rhea County area, so it's wise to shop around with local credit unions, regional banks, and national lenders. Factors like your credit score and loan type will have a more significant impact on your specific rate than the city itself.
Are there any down payment assistance programs specifically for homebuyers in Evensville or Rhea County?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is available statewide, including in Evensville. This program provides competitive interest rates and down payment assistance for eligible first-time and repeat homebuyers. Additionally, it's worth checking with local lenders about any community-specific grants or programs that may occasionally be offered in the area.
How does the appraisal process work in Evensville's rural and small-town market?
Given Evensville's rural setting within Rhea County, appraisals can be more challenging due to fewer comparable home sales ("comps"). Appraisers often need to look at a wider geographic area or older sales data, which can sometimes impact the appraised value. Working with a local lender who understands the nuances of the Dayton/Evensville market is crucial to ensure a smooth appraisal process.
What type of property inspections are especially important when getting a mortgage for an older home in Evensville?
For Evensville's many charming older homes, a thorough general inspection is essential, but specific inspections for septic systems and well water are highly recommended. Many properties in the area are not on city sewer and water. Lenders will require these systems to be functional, and any issues discovered could become a condition for loan approval.
As a first-time homebuyer in Evensville, what should I know about property taxes and insurance?
Rhea County property taxes are generally considered low compared to national and even state averages, which is a benefit for homeowners. For insurance, it's important to note that some areas outside the city limits may be considered higher risk for wildfire or may require additional flood insurance considerations, especially near creeks or the Tennessee River. Your lender will help you factor these escrow costs accurately into your monthly payment.
Nearby Cities
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Why Choose a Mortgage Lender in Evensville?
Local Market Knowledge
Lenders who understand Evensville'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 Evensville and get competitive rates on your home loan.