The Best Mortgage Lenders in Harrison, TN
Compare verified mortgage lenders serving Harrison, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrison
Featured Mortgage Lenders
Tennessee Valley Federal Credit Union
Tennessee Valley Federal Credit Union
Tennessee Valley Federal Credit Union is one of the most highly-rated and trusted mortgage lenders serving the Harrison area, with an exceptional 4.8-star rating across multiple review platforms. As a longstanding local financial institution founded in 1936, TVFCU has deep roots in the Chattanooga metropolitan area including Harrison. They offer a comprehensive range of mortgage products with competitive rates and are particularly praised for their personalized service, local underwriting, and community-focused approach. Their mortgage specialists have extensive experience helping homebuyers throughout Hamilton County.
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The Mortgage Firm - Chattanooga
The Mortgage Firm
The Mortgage Firm's Chattanooga branch serves the Harrison area with exceptional 4.9-star ratings and numerous positive customer reviews. With over two decades of experience, they specialize in making the mortgage process straightforward and stress-free. Their local loan officers have extensive knowledge of the Harrison and greater Chattanooga housing markets. Customers consistently praise their responsiveness, transparency throughout the process, and ability to close loans quickly. They offer competitive rates and excel at guiding first-time homebuyers through the entire mortgage process.
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Movement Mortgage - Chattanooga
Movement Mortgage
Movement Mortgage has established a strong presence in the Chattanooga area serving Harrison homebuyers with a 4.7-star rating and hundreds of positive reviews. While founded more recently than some traditional lenders, they've quickly built a reputation for efficiency and excellent customer service. Their local Chattanooga team understands the specific needs of Hamilton County residents and offers a streamlined digital mortgage process alongside personalized guidance. Movement is particularly noted for their quick closing times and strong communication throughout the loan process, making them a top choice for Harrison area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Harrison, TN
Are there any special mortgage programs for first-time homebuyers in Harrison, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is popular among Harrison buyers. This program provides competitive fixed-rate mortgages, down payment assistance, and flexible credit guidelines. Many local lenders in the Chattanooga area are approved THDA lenders and can help you navigate these benefits.
How do property taxes in Hamilton County and the city of Harrison affect my monthly mortgage payment?
Hamilton County property taxes are relatively moderate for Tennessee, and the city of Harrison does not have a separate municipal property tax. Your lender will estimate annual taxes based on the home's assessed value and include 1/12th of that amount in your monthly escrow payment. It's wise to review recent tax assessments on comparable homes in your desired Harrison neighborhood for accurate budgeting.
What is the typical down payment needed for a home in Harrison's competitive market?
While 20% down avoids private mortgage insurance (PMI), many buyers in Harrison successfully purchase with 3-5% down using conventional loans, or 3.5% with an FHA loan. Given the demand in popular areas near Chickamauga Lake, a stronger down payment can make your offer more competitive, but low-down-payment options are readily available through local lenders.
Are USDA rural development loans available in Harrison, TN, given its location?
Yes, a significant portion of Harrison and its surrounding areas are eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is because the USDA designates it as a "rural" area. A local mortgage officer can confirm the specific eligibility of a property address, making homeownership more accessible.
How does being part of the Chattanooga metro area influence mortgage rates and lender options in Harrison?
As a suburb of Chattanooga, Harrison buyers have access to a wide network of local, regional, and national lenders competing for business, which can help secure favorable rates. Many lenders are very familiar with the Harrison and Hamilton County market, allowing for accurate appraisals and smooth transactions. It's beneficial to compare offers from both local credit unions/banks and larger mortgage companies.
Why Choose a Mortgage Lender in Harrison?
Local Market Knowledge
Lenders who understand Harrison'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 Harrison and get competitive rates on your home loan.