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Goodspring, TN

The Best Mortgage Lenders in Goodspring, TN

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

3
Top Lenders
4.8
Avg Rating
1100+
Reviews
9
Loan Types

Available Loan Programs in Goodspring

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-time Homebuyer
Renovation

Featured Mortgage Lenders

1

First Horizon Bank Mortgage

First Horizon Bank

★★★★☆
4.8/5

First Horizon Bank stands as one of Tennessee's most established and respected mortgage lenders with deep roots across the state. While headquartered in Memphis, they maintain a strong presence throughout Middle Tennessee and serve rural communities like Goodspring through their extensive branch network and digital mortgage platform. They're particularly noted for their USDA rural development loans, which are ideal for Goodspring homebuyers, and their competitive conventional loan programs. Customers consistently praise their local loan officers' knowledge of Tennessee's rural housing markets and their efficient closing process.

Experience:25 years
Reviews:385 customer reviews
165 Madison Avenue, Memphis, TN 38103

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Churchill Mortgage

Churchill Mortgage Corporation

★★★★☆
4.9/5

Churchill Mortgage has built an exceptional reputation across Tennessee for their personalized service and expertise in rural and suburban mortgage lending. Based in Middle Tennessee, they regularly serve customers in communities like Goodspring and understand the unique aspects of Tennessee's rural property markets. They're particularly strong in VA and USDA loan programs, with many reviewers highlighting their educational approach that helps first-time buyers navigate the mortgage process. Their commitment to in-house processing and local underwriting decisions ensures smoother transactions for buyers in smaller communities.

Experience:30 years
Reviews:420 customer reviews
1830 Ward Drive, Brentwood, TN 37027

Loan Types:

ConventionalFHAVAUSDARefinanceFirst-time Homebuyer
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3

PrimeLending

PrimeLending A Plainscapital Company

★★★★☆
4.7/5

PrimeLending maintains a strong Middle Tennessee presence with loan officers who specialize in serving both urban and rural communities throughout the region. They're particularly noted for their competitive rates on USDA loans, which are highly relevant for Goodspring homebuyers, and their efficient digital mortgage process. Reviewers consistently mention their responsiveness and ability to close loans quickly, even in more remote areas. Their local loan officers have extensive experience with Tennessee's rural property types and can provide valuable guidance on the unique aspects of purchasing homes in communities like Goodspring.

Experience:15 years
Reviews:295 customer reviews
5301 Virginia Way, Suite 110, Brentwood, TN 37027

Loan Types:

ConventionalFHAVAUSDAJumboRenovationRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Goodspring, TN

What are typical down payment requirements for homes in Goodspring, TN, given its rural market?

In Goodspring's more affordable rural market, many conventional loans can be secured with a 5% down payment, and FHA loans with 3.5% down are common. For qualifying buyers, USDA loans offer a significant local advantage with 0% down, as much of the area is eligible for this rural development program. Local lenders are very familiar with structuring these loans for properties in and around Goodspring.

Are there any special mortgage programs for first-time homebuyers in Goodspring?

Yes, Tennessee Housing Development Agency (THDA) programs like the Great Choice Home Loan are widely used in Goodspring. These offer competitive interest rates, down payment assistance, and flexible credit guidelines, which are particularly helpful for local first-time buyers. Working with a THDA-approved lender in the area is essential to access these benefits.

How does the appraisal process work for a rural property in Goodspring, and are there any unique challenges?

Appraising rural properties in Goodspring can be more complex due to the lack of similar recent sales ("comps"). Lenders often require appraisers with specific experience in rural markets, which can sometimes lengthen the process. Unique features like well water, septic systems, and larger land parcels are carefully evaluated, impacting the final valuation.

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

Grundy County property taxes are relatively low compared to urban areas, which helps keep monthly payments affordable. However, homeowners insurance can be a significant factor; due to the wooded, rural terrain, lenders will require coverage for hazards like fire and may recommend additional flood insurance if the property is in a designated zone, affecting your escrow payment.

Is it difficult to find lenders familiar with Goodspring, or should I use a big national bank?

While national banks are an option, partnering with a local or regional lender or credit union (like those based in nearby Manchester or McMinnville) is often advantageous. These local experts have a better understanding of Grundy County's market values, USDA eligibility, and can provide more personalized service, which is crucial for navigating rural property financing smoothly.

Nearby Cities

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Why Choose a Mortgage Lender in Goodspring?

Local Market Knowledge

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