The Best Mortgage Lenders in Gordonsville, TN
Compare verified mortgage lenders serving Gordonsville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gordonsville
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Cookeville
Fairway Independent Mortgage is consistently ranked among the top mortgage lenders nationwide with a strong local presence in Middle Tennessee. The Cookeville branch serves Gordonsville and surrounding areas with exceptional customer service and competitive rates. They specialize in first-time homebuyer programs and offer a wide range of loan products with personalized service. Their high rating reflects their commitment to smooth closings and excellent communication throughout the mortgage process.
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Wilson Bank & Trust
Wilson Bank & Trust Mortgage Division
As a community-focused bank with deep roots in Middle Tennessee, Wilson Bank & Trust has been serving Gordonsville and Smith County residents for decades. They offer competitive mortgage rates and personalized service with local decision-making. Their mortgage specialists provide comprehensive guidance through the entire home buying process, and they're particularly known for their construction-to-permanent loans and flexible underwriting for rural properties common in the Gordonsville area.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage has built a strong reputation across Tennessee for their transparent lending process and educational approach to home financing. While headquartered in Brentwood, they actively serve the Gordonsville market with a team of experienced loan officers. They're particularly respected for their VA loan expertise and commitment to ensuring borrowers understand all aspects of their mortgage. Their long track record and high customer satisfaction ratings make them a trusted choice for Gordonsville homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Gordonsville, TN
What are the typical mortgage rates available in Gordonsville, TN, and how do they compare to state or national averages?
Mortgage rates in Gordonsville are generally competitive with state averages for Tennessee, which often run slightly below national rates due to a lower cost of living. As a rural community, local lenders may offer personalized service, but it's wise to also compare rates from regional banks and credit unions in nearby Cookeville or Lebanon. Rates can be influenced by your credit profile and the specific property's location within Smith County.
Are there any down payment assistance or first-time homebuyer programs specifically for Gordonsville residents?
While Gordonsville itself does not have a city-specific program, Tennessee Housing Development Agency (THDA) programs like the Great Choice Home Loan and Great Choice Plus down payment assistance are widely accessible to eligible buyers in Smith County. These programs offer competitive interest rates and forgivable second mortgages for down payment help, which is particularly valuable in Gordonsville's affordable market to help cover closing costs.
How does the appraisal process work in Gordonsville given its mix of rural properties and newer subdivisions?
Appraisals in Gordonsville can be complex due to diverse property types, from large rural lots with wells/septic to newer homes in developments like Gordonsville Meadows. Lenders will use appraisers familiar with the local market to find accurate comparable sales, which may require looking at properties in a wider radius. Unique features like acreage or outbuildings must be properly valued, which can sometimes lead to longer appraisal timelines.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Gordonsville?
Smith County, where Gordonsville is located, has relatively low property tax rates, which is a benefit for monthly affordability. However, homeowners insurance can vary significantly; for properties outside the city limits with fire hydrants farther away, premiums may be higher. If your property requires a well and septic system, consider additional coverage or warranties, which your lender may recommend.
Are USDA Rural Development loans a common and good option for buying a home in Gordonsville, TN?
Yes, USDA loans are an excellent and frequently used option in Gordonsville, as much of the area is eligible for USDA's rural housing programs. These loans offer 100% financing with no down payment, which is ideal for the area's moderately priced homes. Eligibility is based on income limits and the specific property location, so confirm with a local lender that your chosen home meets the USDA's designated rural area criteria.
Why Choose a Mortgage Lender in Gordonsville?
Local Market Knowledge
Lenders who understand Gordonsville'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 Gordonsville and get competitive rates on your home loan.