The Best Mortgage Lenders in Fayetteville, TN
Compare verified mortgage lenders serving Fayetteville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fayetteville
Featured Mortgage Lenders
FirstBank Mortgage
FirstBank
FirstBank Mortgage stands out as one of Tennessee's most established and highly-rated mortgage lenders with a strong presence throughout Middle Tennessee. While headquartered in Nashville, they actively serve Fayetteville and Lincoln County with personalized mortgage solutions. Their exceptional 4.8 rating reflects consistent customer satisfaction, competitive rates, and deep local market knowledge. As a community-focused institution with over a century of banking experience, they offer the stability of a large bank with the personalized service of a local lender, making them a top choice for Fayetteville homebuyers seeking conventional, government-backed, or specialized loan products.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage has built an outstanding reputation across Tennessee with a 4.7 rating based on hundreds of customer reviews. Founded in 1992, this Brentwood-based lender specializes in serving communities throughout Middle Tennessee, including Fayetteville. They're particularly noted for their educational approach to mortgage lending, helping borrowers understand the entire process. Their team of experienced loan officers provides personalized service with competitive rates on conventional and government-backed loans. Churchill's strong commitment to customer satisfaction and extensive experience with Tennessee's rural and suburban markets makes them an excellent choice for Fayetteville residents.
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Regions Mortgage
Regions Bank
Regions Mortgage brings strong regional banking presence to Fayetteville with multiple physical branches throughout Middle Tennessee, including nearby Columbia. With a 4.6 rating and decades of mortgage lending experience, they offer comprehensive home financing solutions backed by the stability of a major regional bank. Their local loan officers understand the Fayetteville market dynamics and provide competitive rates on a wide range of loan products. Regions is particularly strong in construction lending and first-time homebuyer programs, combining digital convenience with in-person service through their local branch network. Their established track record and commitment to community banking make them a reliable choice for Lincoln County homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Fayetteville, TN
Are there any special down payment assistance programs for first-time homebuyers in Fayetteville, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Plus program, which provides down payment assistance in the form of a second mortgage forgivable over time. This is particularly valuable in Fayetteville, where local incomes may be more modest compared to larger metro areas. Many local lenders in Lincoln County are approved THDA lenders and can guide you through the eligibility and application process.
How do property taxes in Fayetteville and Lincoln County impact my monthly mortgage payment?
Lincoln County has relatively low property tax rates, which is a significant benefit for Fayetteville homeowners. The 2023 rate is approximately $2.48 per $100 of assessed value, with assessed value typically being 25% of the appraised market value. This favorable tax burden means your escrow payment for taxes within your total monthly mortgage payment will be lower than in many other parts of Tennessee, improving overall affordability.
What types of properties might require specialized mortgage loans in the Fayetteville area?
Given the rural character of Lincoln County, buyers looking at homes with significant acreage (often 10+ acres), agricultural features, or non-standard construction may need to explore USDA Rural Development loans or portfolio loans from local banks and credit unions. These lenders have expertise in appraising and financing properties that don't fit the standard "suburban" model often used by large national lenders.
How competitive is the mortgage rate environment with local Fayetteville lenders versus big online banks?
Local community banks and credit unions in Fayetteville, such as First National Bank of Tennessee or Fayetteville City Bank, often offer highly competitive rates and more personalized service. They have a deep understanding of the local real estate market, which can streamline the appraisal and underwriting process. It's wise to get quotes from both local and national lenders to compare rates, fees, and service for your specific situation.
Does Fayetteville's location qualify homes for USDA Rural Development loans, and what are the benefits?
Yes, virtually all of Fayetteville and Lincoln County is eligible for USDA loans, which offer 100% financing (no down payment) for qualified buyers. This is a major advantage for buyers with steady income but limited savings, as it eliminates the largest barrier to homeownership. Eligibility is based on household income limits and the property location, making it a perfect fit for many Fayetteville-area homebuyers.
Why Choose a Mortgage Lender in Fayetteville?
Local Market Knowledge
Lenders who understand Fayetteville'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 Fayetteville and get competitive rates on your home loan.