The Best Mortgage Lenders in Hohenwald, TN
Compare verified mortgage lenders serving Hohenwald, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hohenwald
Featured Mortgage Lenders
Kevin D. Young
Churchill Mortgage
Kevin D. Young at Churchill Mortgage is one of the highest-rated mortgage professionals serving the Hohenwald area from nearby Columbia. With over 30 years of experience and nearly 200 excellent reviews, he specializes in serving first-time homebuyers and military families with VA loans. Churchill Mortgage has built a strong reputation throughout Middle Tennessee for personalized service, competitive rates, and ethical lending practices. Their local presence in Columbia makes them easily accessible to Hohenwald residents while maintaining deep community knowledge.
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Chris Allen
First Community Mortgage
First Community Mortgage has been serving Tennessee homebuyers since 1990, and Chris Allen's Columbia office is highly regarded for serving the Hohenwald market. With over 140 excellent reviews and 15 years of experience, Chris specializes in construction loans and rural housing programs that are particularly relevant to the Hohenwald area. As a Tennessee-based lender, they understand local market conditions and offer specialized programs for rural properties and agricultural areas surrounding Hohenwald.
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Mortgage Solutions of Tennessee
Mortgage Solutions of Tennessee
Mortgage Solutions of Tennessee serves clients throughout Middle Tennessee, including Hohenwald, with a focus on personalized service and competitive rates. Founded in 2004, this locally-owned mortgage company has built a strong reputation for handling complex loan scenarios and providing exceptional customer service. They specialize in both purchase and refinance transactions and have particular expertise with USDA rural development loans that are ideal for the Hohenwald area. Their team of experienced loan officers provides comprehensive guidance through the entire mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Hohenwald, TN
Are there any special mortgage programs for first-time homebuyers in Hohenwald, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Hohenwald. This program provides competitive fixed-rate mortgages, down payment assistance, and flexible credit guidelines, making it an excellent option for first-time buyers in Lewis County. Local lenders are well-versed in these programs and can guide you through the application process.
How do property taxes in Lewis County affect my monthly mortgage payment in Hohenwald?
Lewis County has relatively low property tax rates compared to national averages, which is a significant benefit for Hohenwald homeowners. For 2023, the county rate is approximately $2.64 per $100 of assessed value. Your lender will calculate an escrow payment for these taxes as part of your monthly mortgage, but the overall burden is typically lower here, improving home affordability.
What is the typical down payment required for a mortgage on a rural property just outside Hohenwald city limits?
For rural properties in the Hohenwald area that qualify for a USDA Rural Development loan, you may be eligible for 100% financing with no down payment. This is a major advantage in Lewis County, where much of the surrounding land is USDA-eligible. For conventional loans on rural properties, lenders typically require 5-20% down, depending on your credit and the exact property type.
How does the appraisal process work for unique or older homes in historic Hohenwald neighborhoods?
Appraising unique, older, or historic homes in Hohenwald requires an appraiser with local expertise, as comparable sales ("comps") can be limited. Lenders will seek an appraiser familiar with Lewis County's specific market, including neighborhoods like the Hohenwald Historic District. It's wise to work with a local lender who has established relationships with appraisers who understand the value of character homes, outbuildings, and larger rural lots common here.
Are there local credit unions or community banks in Hohenwald that offer competitive mortgage rates?
Absolutely. Local institutions like First National Bank of Tennessee and other regional community banks often provide highly competitive mortgage rates and personalized service for Hohenwald residents. They have a deep understanding of the local real estate market and may offer more flexibility on certain loan criteria than larger national banks, which can be advantageous for buyers with unique financial situations or for financing non-standard properties.
Nearby Cities
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Why Choose a Mortgage Lender in Hohenwald?
Local Market Knowledge
Lenders who understand Hohenwald'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 Hohenwald and get competitive rates on your home loan.