The Best Mortgage Lenders in Hampshire, TN
Compare verified mortgage lenders serving Hampshire, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hampshire
Featured Mortgage Lenders
Mortgage Loan Officer
Regions Bank
Regions Bank stands out as a top-rated mortgage lender serving Hampshire and surrounding Maury County with exceptional local presence. With over 50 years in banking and strong community roots, they offer personalized mortgage services through their Columbia branch just 20 minutes from Hampshire. Customers consistently praise their competitive rates, smooth closing process, and local decision-making capability. Their mortgage specialists have extensive experience with rural property financing, making them particularly well-suited for Hampshire area homes. Regions maintains an A+ BBB rating and offers the full spectrum of loan products with the reliability of an established regional bank.
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Mortgage Advisor
Churchill Mortgage
Churchill Mortgage has built an outstanding reputation across Middle Tennessee, including service to Hampshire residents. Founded by industry veteran Danny Dukes, this lender is particularly noted for their educational approach and transparent process. They specialize in both conventional and government-backed loans, with particular expertise in rural properties common in the Hampshire area. With hundreds of 5-star reviews highlighting their responsive communication and competitive rates, Churchill operates as a direct lender with in-house underwriting, ensuring efficient closings. Their team includes local loan officers who understand the unique aspects of Tennessee's housing market.
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Loan Officer
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage consistently ranks among Tennessee's top mortgage lenders with multiple local offices serving the Hampshire area. Their Franklin branch provides dedicated service to Maury County residents with a reputation for exceptional customer care and competitive pricing. Specializing in both purchase and refinance loans, Fairway offers innovative technology combined with personalized service from local loan officers who understand rural property financing. They've received numerous industry awards and maintain an A+ BBB rating, with customers frequently praising their efficiency, communication throughout the process, and ability to close loans quickly even for complex rural properties.
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Frequently Asked Questions
Common questions about mortgage lending in Hampshire, TN
What are the typical mortgage rates available in Hampshire, TN, and how do they compare to state averages?
Mortgage rates in Hampshire are generally competitive with statewide Tennessee averages, often slightly lower due to the rural nature of Maury County. As of recent trends, you can expect conventional 30-year fixed rates to be in the range of the national average, but local credit unions like Ascend Federal Credit Union or regional banks may offer very competitive terms. It's always best to get quotes from multiple local lenders to secure the best rate for your specific financial situation.
Are there any special loan programs for first-time homebuyers in Hampshire, TN?
Yes, first-time homebuyers in Hampshire can access the Great Choice Home Loan program offered by the Tennessee Housing Development Agency (THDA). This program provides competitive fixed-rate mortgages, down payment assistance, and flexible credit guidelines. Given Hampshire's more affordable housing market compared to larger cities, these programs can be particularly powerful, making homeownership accessible with a modest income.
How does the appraisal process work for a rural property in Hampshire, and what challenges might I face?
Appraising rural properties in Hampshire can be more complex than in suburban areas due to the uniqueness of land parcels and fewer comparable recent sales ("comps"). Lenders will require an appraisal that accounts for well and septic systems, land value, and the type of access road. It's important to work with a lender experienced in rural mortgages who uses appraisers familiar with Maury County to avoid valuation delays or issues.
What local lenders or banks in the Hampshire area are known for offering good mortgage service?
Homebuyers in Hampshire often have success with community-focused institutions that understand the local market. Key local lenders include First Farmers and Merchants Bank, which has a strong presence in Columbia and the surrounding counties, and Ascend Federal Credit Union. These institutions often provide personalized service and may have more flexibility with underwriting for unique property types common in the area.
Does Hampshire, TN, qualify for USDA Rural Development home loans, and what are the benefits?
Absolutely. Hampshire and much of Maury County are eligible for USDA Rural Development Guaranteed Loans. This is a significant advantage, as these loans offer 100% financing (no down payment), competitive interest rates, and lower mortgage insurance costs. This program is ideal for moderate-income buyers looking at properties in Hampshire's designated rural areas, making it a cornerstone of local mortgage lending.
Nearby Cities
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Why Choose a Mortgage Lender in Hampshire?
Local Market Knowledge
Lenders who understand Hampshire'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 Hampshire and get competitive rates on your home loan.