The Best Mortgage Lenders in Henderson, TN
Compare verified mortgage lenders serving Henderson, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Henderson
Featured Mortgage Lenders
Farm Credit Mid-America
Farm Credit Mid-America, ACA
Farm Credit Mid-America is one of the highest-rated agricultural and rural property lenders serving West Tennessee, including Henderson. As part of the national Farm Credit System, they specialize in rural property financing with exceptional customer service ratings. Their loan officers have deep expertise in rural community lending and offer competitive rates for both agricultural and residential properties in Chester County and surrounding areas. They provide personalized service with local decision-making and have built a strong reputation for reliability in the region.
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First Horizon Bank
First Horizon Bank
First Horizon Bank maintains a strong regional presence throughout Tennessee with multiple branches serving the Henderson area. With over 30 years of mortgage lending experience in West Tennessee, they offer comprehensive mortgage solutions and competitive rates. Their local loan officers understand the Henderson market specifically and provide personalized service for both purchase and refinance transactions. First Horizon consistently receives high marks for customer satisfaction and has deep roots in Tennessee communities.
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Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage operates throughout Tennessee with dedicated loan officers serving the Henderson area. They are particularly noted for their expertise in government-backed loans (FHA, VA, USDA) which are popular in rural communities like Henderson. Guild receives exceptional ratings for their customer service and loan processing efficiency. Their local team has extensive experience with West Tennessee property markets and offers a wide range of mortgage products with competitive pricing and excellent communication throughout the loan process.
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Frequently Asked Questions
Common questions about mortgage lending in Henderson, TN
What are the typical down payment requirements for a mortgage in Henderson, TN, given the local home prices?
In Henderson, where the median home price is significantly below the national average, many conventional loans require a 3-5% down payment. For a home priced around $200,000, this translates to $6,000-$10,000 upfront. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties in Chester County, making homeownership very accessible.
Are there any special first-time homebuyer programs or grants available specifically in Henderson?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Henderson. This program provides competitive interest rates, down payment assistance, and homebuyer education. Additionally, some local lenders may offer their own incentives or be aware of city-specific initiatives aimed at promoting homeownership in the Henderson community.
How does Henderson's rural designation affect my mortgage options?
Henderson's location in Chester County qualifies most of the area for USDA Rural Development guaranteed loans. This is a significant advantage, as USDA loans offer 100% financing (no down payment), competitive rates, and more flexible credit guidelines. It's one of the most popular mortgage products in the area for eligible borrowers and properties.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Henderson?
Chester County property taxes are relatively low, which helps keep overall monthly payments affordable. Annual taxes on a $200,000 home may range from $1,000 to $1,400. Homeowners insurance is also typically lower than national averages due to the lower risk of natural disasters, but it's wise to get local quotes as part of your budgeting process.
How competitive is the mortgage lending landscape in Henderson, and should I use a local bank?
While national lenders are available, Henderson has several strong local and regional banks and credit unions that specialize in area-specific loans like USDA. Using a local lender can be beneficial as they have firsthand knowledge of the Henderson market, can offer personalized service, and often have more flexibility in underwriting for unique local properties, such as those with more land.
Why Choose a Mortgage Lender in Henderson?
Local Market Knowledge
Lenders who understand Henderson'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 Henderson and get competitive rates on your home loan.