The Best Mortgage Lenders in Franklin, TN
Compare verified mortgage lenders serving Franklin, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Franklin
Featured Mortgage Lenders
John R. Marler
Churchill Mortgage
Churchill Mortgage is one of Middle Tennessee's most respected mortgage lenders with a strong presence in Franklin. Founded by industry veteran Mike Hardwick, the company has built an exceptional reputation for personalized service and competitive rates. They specialize in all major loan types with particular expertise in conventional and government-backed loans. Their Franklin-area team, led by experienced loan officers like John Marler, provides comprehensive mortgage services with a focus on financial education and customer satisfaction. The company maintains an A+ BBB rating and has consistently high customer satisfaction scores.
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David Williams
First Horizon Bank Mortgage
First Horizon Bank has deep roots in Tennessee with multiple branches serving the Franklin community. Their mortgage division offers comprehensive lending solutions with competitive rates and local underwriting. The bank excels at construction loans and portfolio lending options that larger national lenders may not offer. With experienced loan officers specifically serving Williamson County, they provide personalized service and local decision-making. First Horizon maintains strong community involvement in Franklin and offers the convenience of local branch support alongside mortgage expertise.
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Mark B. Williams
Pinnacle Financial Partners Mortgage
Pinnacle Financial Partners has established itself as a premier mortgage lender in the Franklin market with a physical branch location in downtown Franklin. They specialize in serving both primary residences and investment properties with particular expertise in jumbo loans and construction financing. Their local loan officers have extensive knowledge of the Williamson County real estate market and maintain strong relationships with local real estate professionals. Pinnacle consistently receives high marks for their responsive service, competitive pricing, and expertise in handling complex mortgage scenarios common in the Franklin market.
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Frequently Asked Questions
Common questions about mortgage lending in Franklin, TN
Are there any special mortgage programs for first-time homebuyers in Franklin, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is popular in Franklin. This program provides competitive fixed-rate mortgages, down payment assistance, and flexible credit guidelines specifically for first-time buyers, which is crucial in Franklin's competitive market where down payments can be a significant hurdle.
How does Franklin's historic district affect the mortgage process?
Purchasing a home in Franklin's designated historic district, like downtown, can involve additional steps. Lenders may require a specialized historic property appraisal, and you might need to secure financing that accommodates potential renovation or preservation requirements, which can differ from a standard mortgage.
What are typical down payment requirements for a mortgage in Franklin's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Franklin successfully purchase with 3-5% down using conventional loans or 3.5% with an FHA loan. Given the higher median home prices in Williamson County, local lenders often work with buyers on strategies like down payment assistance or gift funds to meet these requirements.
Does Franklin's rapid growth and high demand impact mortgage rates or approval?
Franklin's growth doesn't directly set national rates, but the competitive market means your financial profile needs to be strong. Appraisals can be challenging due to rapidly escalating home values, so a strong down payment and excellent credit score are advantageous to ensure your offer and financing are competitive with cash buyers.
Are there specific property tax or insurance considerations I should factor into my mortgage in Franklin?
Absolutely. Williamson County property taxes are a significant component of your monthly payment. Additionally, due to Tennessee's storm exposure, lenders will require proof of homeowners insurance, which may include specific wind/hail coverage. Your lender will help you set up an escrow account to manage these recurring costs.
Nearby Cities
Explore mortgage lenders in cities near Franklin, TN
Why Choose a Mortgage Lender in Franklin?
Local Market Knowledge
Lenders who understand Franklin'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 Franklin and get competitive rates on your home loan.