The Best Mortgage Lenders in Georgetown, TN
Compare verified mortgage lenders serving Georgetown, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Georgetown
Featured Mortgage Lenders
First Horizon Bank Mortgage Division
First Horizon Bank
As one of the largest regional banks serving Tennessee, First Horizon has a strong presence throughout the Chattanooga metropolitan area including Georgetown. They offer comprehensive mortgage solutions with competitive rates and personalized service. Their long-standing reputation in Tennessee communities, combined with their full range of loan products and local underwriting expertise, makes them a top choice for Georgetown homebuyers seeking reliable financing with a trusted regional institution.
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Mortgage Investors Group
Mortgage Investors Group
Mortgage Investors Group is a highly-rated regional mortgage lender with deep roots in East Tennessee, serving the Georgetown area through their Chattanooga office. Specializing in VA loans and first-time homebuyer programs, they consistently receive exceptional customer reviews for their responsive service and competitive rates. Their three decades of experience in the Tennessee market, combined with their extensive local knowledge and streamlined process, makes them particularly valuable for Georgetown residents navigating the mortgage process.
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Tennessee Valley Federal Credit Union
Tennessee Valley Federal Credit Union
TVFCU is a well-established credit union serving the entire Tennessee Valley region, including Georgetown residents. With competitive mortgage rates for members and a strong commitment to community service, they offer personalized mortgage solutions with local decision-making. Their not-for-profit structure often translates to lower fees and better terms for borrowers. The credit union's extensive experience in the region and member-focused approach provides Georgetown homebuyers with reliable, customer-centered mortgage services backed by decades of community trust.
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Frequently Asked Questions
Common questions about mortgage lending in Georgetown, TN
What are the current mortgage rates like in Georgetown, TN, and how do they compare to national averages?
Mortgage rates in Georgetown typically align closely with national averages, but local lenders may offer competitive rates due to the area's stable housing market. It's common to see slightly lower rates for conventional loans here compared to larger metropolitan areas in Tennessee. Working with a local lender who understands the Bradley County market can often secure you the most favorable terms.
Are there any down payment assistance programs specifically for homebuyers in Georgetown or Bradley County?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Plus program, which provides down payment assistance to eligible buyers in Georgetown and across the state. Additionally, some local lenders and credit unions in the Cleveland/Georgetown area may have their own first-time homebuyer programs or grants. These programs are particularly valuable given Georgetown's median home prices.
How does the appraisal process work for homes in Georgetown, given its mix of rural and suburban properties?
Appraisals in Georgetown require appraisers familiar with the unique characteristics of Bradley County properties, which can range from newer subdivisions to older homes on larger lots. Comparable sales ("comps") are drawn from Georgetown, Cleveland, and surrounding unincorporated areas. The process must account for the value of land, which can be significant in more rural parts of Georgetown, potentially affecting the final loan amount.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Georgetown?
Bradley County property taxes are relatively moderate, and your lender will include an escrow estimate in your payment. Homeowners insurance in Georgetown is generally affordable but can vary based on a home's proximity to flood zones near the Hiwassee River or Ocoee River. It's wise to get insurance quotes early in the homebuying process to ensure an accurate total monthly payment calculation.
Are USDA Rural Development loans a viable option for buying a home in Georgetown, TN?
Absolutely. Much of Georgetown and the surrounding area is eligible for USDA loans, which offer 100% financing with no down payment. This is a popular and advantageous option for qualified buyers, as it makes homeownership more accessible in this community. A local mortgage lender can help you determine if your desired property falls within the eligible USDA zone.
Nearby Cities
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Why Choose a Mortgage Lender in Georgetown?
Local Market Knowledge
Lenders who understand Georgetown'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 Georgetown and get competitive rates on your home loan.