The Best Mortgage Lenders in Guild, TN
Compare verified mortgage lenders serving Guild, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Guild
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 25 years of experience, they have a strong presence in East Tennessee, including Guild, and are highly regarded for their wide range of loan options and personalized approach. Their high ratings and numerous positive reviews highlight their reliability, fast processing times, and commitment to helping clients achieve homeownership with minimal stress.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated lender with a strong regional presence in Tennessee, serving Guild and surrounding areas. They are praised for their efficient loan processing, transparent communication, and community involvement. Founded in 2008, they offer a variety of loan products tailored to diverse needs, and their customer-centric approach has earned them a reputation for reliability and high satisfaction rates among homebuyers.
Loan Types:
New American Funding
New American Funding
New American Funding is a reputable lender with over two decades of experience, offering comprehensive mortgage solutions to clients in Guild and across Tennessee. They are known for their competitive rates, flexible loan options, and dedication to serving diverse communities, including first-time homebuyers. Their high customer ratings reflect a track record of timely closings, excellent support, and a commitment to making home financing accessible and straightforward.
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Frequently Asked Questions
Common questions about mortgage lending in Guild, TN
What are the typical down payment requirements for buying a home in Guild, TN, given its rural setting?
In Guild's rural market, many lenders offer USDA loans, which require **0% down payment** for eligible borrowers and properties. Conventional loans typically require 3-5% down, but local lenders familiar with the area's property types can provide the best guidance. It's wise to explore all options, as down payment assistance may also be available through state programs.
Are there specific mortgage programs in Tennessee that benefit first-time homebuyers in Guild?
Yes, the **Great Choice Home Loan** program through the Tennessee Housing Development Agency (THDA) is excellent for first-time buyers in Guild. It offers competitive interest rates, down payment assistance, and flexible credit guidelines. This program is particularly valuable in Guild where median incomes may be lower than in urban centers.
How does Guild's location in a USDA-designated rural area affect my mortgage options?
Guild's rural designation makes **USDA Section 502 Guaranteed Loans** a prime mortgage option, offering 100% financing with no down payment. To qualify, your household income must meet USDA limits for Marion County, and the home must be in an eligible area—which nearly all of Guild is. This can be a significant advantage over conventional financing.
What should I know about property taxes and insurance when calculating my mortgage payment in Guild?
Marion County property taxes in Guild are relatively low, with a 2023 rate of approximately **$2.46 per $100 of assessed value**. For insurance, factor in potential costs for flood insurance if your property is near the Sequatchie River or in a flood zone, which can affect your total monthly payment. Your lender can help pull accurate estimates for specific properties.
Are local community banks or credit unions in the Guild area better for mortgages than national lenders?
Local institutions like **Citizens Tri-County Bank** or **Tennessee Valley Federal Credit Union** often have deeper knowledge of Guild's unique property values and rural appraisal challenges. They may offer more personalized service and portfolio loan products suited to the local market, though it's always smart to compare rates and terms with regional and national lenders.
Nearby Cities
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Why Choose a Mortgage Lender in Guild?
Local Market Knowledge
Lenders who understand Guild'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 Guild and get competitive rates on your home loan.