The Best Mortgage Lenders in Hermitage, TN
Compare verified mortgage lenders serving Hermitage, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hermitage
Featured Mortgage Lenders
Barry H. Capps
Churchill Mortgage
Churchill Mortgage is one of the most highly-rated mortgage lenders in the Nashville metropolitan area, serving Hermitage and surrounding communities. Founded by industry veteran Barry H. Capps, the company has built an exceptional reputation for personalized service and competitive rates. With over three decades of experience, they specialize in all major loan types including conventional, FHA, VA, and USDA loans. Their team of local mortgage experts provides comprehensive guidance through the entire home financing process, earning consistently outstanding customer reviews for their attention to detail, communication, and ability to close loans efficiently.
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Mortgage Department
First Horizon Bank
First Horizon Bank has a strong physical presence in Hermitage with a local branch and mortgage specialists serving the community. As one of the Southeast's largest regional banks with deep roots in Tennessee, they offer competitive mortgage products with the convenience of local decision-making. Their mortgage team provides personalized service for home purchases and refinancing, with particular expertise in construction loans and first-time homebuyer programs. Customers consistently praise their local knowledge, responsive service, and competitive rates. The bank's long history and stability provide additional confidence for borrowers seeking reliable mortgage financing.
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Nashville Team
Movement Mortgage
Movement Mortgage has established a strong presence in the Nashville area with a dedicated team serving Hermitage and surrounding communities. Known for their efficient loan processing and competitive rates, they specialize in providing a streamlined mortgage experience with local expertise. The company has earned excellent reviews for their quick closing times and responsive communication throughout the loan process. Their Nashville-based loan officers have extensive knowledge of the local real estate market and work closely with borrowers to find the best financing solutions. Movement offers a comprehensive range of loan products with particular strength in conventional and government-backed loans.
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Frequently Asked Questions
Common questions about mortgage lending in Hermitage, TN
Are there any first-time homebuyer programs specifically for Hermitage, TN residents?
While there are no programs exclusive to Hermitage, Tennessee Housing Development Agency (THDA) programs like the Great Choice Home Loan and Great Choice Plus down payment assistance are widely used by local lenders. These programs are particularly valuable in Hermitage's competitive market, offering competitive interest rates and assistance with down payments and closing costs for eligible buyers in Davidson County.
How do property taxes in Davidson County affect my mortgage payments in Hermitage?
Davidson County's property tax rate is a significant component of your monthly mortgage escrow payment. The 2023 rate is $3.288 per $100 of assessed value, with Hermitage homes assessed at 25% of market value. Your lender will calculate and collect approximately 1/12th of the annual tax bill each month, so factoring this into your overall budget is crucial when determining how much house you can afford in the area.
What is the typical down payment needed for a conventional loan on a Hermitage home given local prices?
For Hermitage's median home price range (typically $400,000 - $500,000), a conventional loan usually requires a minimum of 5% down, though 20% is ideal to avoid private mortgage insurance (PMI). Local lenders often see successful applications with 10-15% down, but a stronger down payment improves your competitiveness in this sought-after suburb, where multiple offers are common.
Does Hermitage's location in a flood zone affect mortgage requirements?
Certain neighborhoods in Hermitage, particularly those near the Percy Priest Lake shoreline or creeks, may be in designated flood zones. If your prospective home is in a Special Flood Hazard Area, your mortgage lender will require you to purchase flood insurance as a condition of the loan, which becomes part of your monthly escrow payment. A property's flood zone status is confirmed during the appraisal process.
Are USDA loans a viable option for homebuyers in Hermitage, TN?
No, USDA loans, which offer 100% financing for rural areas, are generally not available in Hermitage. As a developed suburb of Nashville within Davidson County, Hermitage is classified as a metropolitan area and does not meet the USDA's rural eligibility criteria. Buyers should instead explore THDA or FHA programs for low-down-payment options in this market.
Nearby Cities
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Why Choose a Mortgage Lender in Hermitage?
Local Market Knowledge
Lenders who understand Hermitage'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 Hermitage and get competitive rates on your home loan.