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Frankewing, TN

The Best Mortgage Lenders in Frankewing, TN

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

3
Top Lenders
4.7
Avg Rating
365+
Reviews
10
Loan Types

Available Loan Programs in Frankewing

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Construction-to-Permanent
Land Loans
Lot Loans

Featured Mortgage Lenders

1

First Commerce Credit Union Mortgage Team

First Commerce Credit Union

★★★★☆
4.8/5

First Commerce Credit Union is the premier local financial institution serving Giles County and the Frankewing area with deep community roots. They consistently receive outstanding ratings for personalized mortgage services, competitive rates, and local underwriting decisions. As a member-owned cooperative, they prioritize customer satisfaction over profits, offering comprehensive mortgage solutions with exceptional local service. Their mortgage team has extensive experience with rural properties and agricultural lending, making them particularly well-suited for the Frankewing market.

Experience:15 years
Reviews:150 customer reviews
1207 E College St, Pulaski, TN 38478

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

First Farmers and Commercial Bank Mortgage Division

First Farmers and Commercial Bank

★★★★☆
4.7/5

First Farmers and Commercial Bank has been serving southern Middle Tennessee for over a century with a strong reputation for agricultural and residential lending. They maintain an excellent rating for their mortgage services, particularly for rural properties common in the Frankewing area. Their local loan officers understand the unique needs of the community and offer competitive rates with personalized service. The bank specializes in construction loans and rural development financing, making them an ideal choice for Frankewing residents.

Experience:12 years
Reviews:120 customer reviews
816 S Garden St, Columbia, TN 38401

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermanentLand LoansRefinance
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3

F&M Bank Mortgage Services

F&M Bank

★★★★☆
4.6/5

F&M Bank has been a trusted community bank serving the broader region including Frankewing for over a century. They maintain strong ratings for their mortgage department's responsiveness and local decision-making capabilities. Specializing in rural and agricultural lending, they understand the unique property types and financing needs of the Frankewing area. Their experienced mortgage team offers competitive rates and flexible terms with the personal service only a community bank can provide, making them a top choice for local home financing.

Experience:18 years
Reviews:95 customer reviews
1976 Nashville Hwy, Columbia, TN 38401

Loan Types:

ConventionalFHAVAUSDAConstructionLot LoansRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Frankewing, TN

What are the typical down payment requirements for homes in Frankewing, TN, given its rural setting?

For most conventional loans in Frankewing, a 5-20% down payment is standard. However, due to the area's rural designation, many properties may qualify for USDA loans, which offer 100% financing with no down payment required. It's important to have a lender verify the specific property's eligibility for this program.

Are there any local or state-specific first-time homebuyer programs that can help with purchasing a home in Frankewing?

Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Frankewing. This program provides competitive interest rates and down payment assistance for eligible first-time and repeat buyers. Combining a THDA loan with a USDA mortgage can be a powerful strategy for qualified buyers in the area.

How does the appraisal process work for a manufactured or modular home in Frankewing, which are common in Giles County?

Appraising manufactured homes in Frankewing requires a specialist familiar with rural and factory-built properties. The home must be permanently affixed to a foundation and classified as real estate, not personal property. Lenders will often require a specific "MH Advantage" loan or an FHA loan for manufactured homes meeting certain criteria.

What should I know about property taxes and insurance when calculating my monthly mortgage payment in Frankewing?

Giles County property taxes are relatively low compared to urban areas, which helps keep monthly payments affordable. For insurance, due to the rural landscape, lenders will require a standard homeowner's policy, and you may want to consider additional coverage for septic systems or wells, which are common on properties outside the city limits.

Are mortgage rates in Frankewing different from those in larger Tennessee cities like Nashville or Memphis?

Mortgage rates are primarily set by national markets and your personal credit profile, not your specific town. Therefore, rates in Frankewing are generally consistent with those statewide. However, local lenders with expertise in rural lending may offer specialized programs or have more flexibility with USDA and THDA loans that can effectively reduce your borrowing costs.

Mortgage Insights

Finding Your Best Mortgage Broker in Frankewing, Tennessee

Searching for the "best mortgage broker near me" is more than just finding a local office; it's about connecting with a professional who understands the unique rhythm of life and real estate in Frankewing. Nestled in the heart of Giles County, our community offers a blend of rural charm, accessibility to larger cities like Pulaski and Huntsville, and a real estate market that demands a specialized approach. The right mortgage broker for you will be someone who appreciates these nuances and can guide you through a financing process tailored to our area.

In Frankewing, you might be considering anything from a spacious family home on a larger lot to a more modest property that fits a first-time buyer's budget. A top-tier local broker will have their finger on the pulse of what local lenders are offering and which loan products align with common property types here. They understand that appraisals in a more rural setting can have different comparables than in a metropolitan area, and they can prepare you for that process. Their local network is invaluable—they likely have established relationships with reputable inspectors, title companies, and real estate agents who are familiar with Giles County, ensuring a smoother transaction from start to finish.

For Tennessee homebuyers, there are specific regional programs to discuss with your broker. The Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which provides competitive interest rates and down payment assistance for eligible buyers. This can be a game-changer, especially for first-time buyers or those with moderate incomes looking in the Frankewing area. A knowledgeable broker will help you determine if you qualify for THDA programs or other local grants and can explain how they work in conjunction with various loan types like FHA, USDA, or conventional mortgages. Given that parts of Giles County may qualify for USDA rural development loans—which offer zero-down-payment options—this is another critical area where local expertise is essential.

Your actionable advice starts with research. Look for brokers with strong local reviews and ask potential candidates specific questions: "How many transactions have you closed in Giles County in the last year?" or "Can you explain how a THDA loan might work for a property in Frankewing?" Don't hesitate to ask for references from past clients who bought homes similar to what you're seeking. Ultimately, the best mortgage broker for you in Frankewing will be a trusted advisor, a clear communicator who demystifies the numbers, and a proactive partner dedicated to finding the right financial path for your new chapter in our community.

Nearby Cities

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Why Choose a Mortgage Lender in Frankewing?

Local Market Knowledge

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