The Best Mortgage Lenders in Huntingdon, TN
Compare verified mortgage lenders serving Huntingdon, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntingdon
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly regarded for its exceptional customer service and competitive rates, with a strong presence in West Tennessee. They specialize in personalized mortgage solutions, offering a wide range of loan types and a streamlined process. Their local loan officers have deep knowledge of the Huntingdon area, ensuring tailored advice and support for homebuyers.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated lender known for its innovative technology and commitment to diversity, with services extending to Huntingdon. They offer competitive rates and a variety of loan programs, including options for first-time homebuyers. Their dedicated local team provides responsive support, making the mortgage process efficient and stress-free.
Loan Types:
Benchmark Mortgage
Benchmark Mortgage
Benchmark Mortgage excels in providing reliable and transparent mortgage services, with a regional focus that includes Huntingdon. They are praised for their expertise in construction and renovation loans, along with standard offerings. Their experienced advisors prioritize customer satisfaction, ensuring smooth transactions and long-term relationships in the community.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Huntingdon, TN
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Huntingdon, TN?
Yes, Huntingdon and Carroll County homebuyers can access the Tennessee Housing Development Agency (THDA) Great Choice Home Loan program, which offers competitive interest rates and down payment assistance. Additionally, local lenders often have knowledge of regional grants or programs specific to rural communities like Huntingdon, which may qualify for USDA Rural Development loans requiring no down payment.
How do property taxes in Huntingdon, TN, affect my monthly mortgage payment?
Carroll County, where Huntingdon is located, has relatively low property tax rates compared to national averages, which can make homeownership more affordable. Your lender will calculate an escrow payment based on the specific property's assessed value, but overall, lower taxes help keep your total monthly mortgage payment (PITI) manageable in this market.
What types of mortgage loans are most common for buying a home in Huntingdon's market?
Given Huntingdon's rural setting and moderate home prices, USDA Rural Development loans are very popular as they offer 100% financing for eligible buyers and properties. Conventional loans and FHA loans are also widely used, especially for homes within the town limits that may not meet USDA location requirements.
How does Huntingdon's slower-paced real estate market influence the mortgage process and timelines?
The market in Huntingdon is less competitive than in major metro areas, which often allows for more time during the closing process. However, it's still crucial to get pre-approved with a local lender who understands the area, as appraisals may require appraisers familiar with comparable sales in Carroll County, which can sometimes add a few days to the timeline.
Are there local lenders in Huntingdon who specialize in mortgages for older or historic homes?
While Huntingdon has several charming older homes, you'll typically work with lenders from nearby Jackson or rely on regional banks that serve West Tennessee. It's important to choose a lender experienced with older home appraisals and potential repair requirements, as some government loans have stricter property condition standards that must be met.
Nearby Cities
Explore mortgage lenders in cities near Huntingdon, TN
Why Choose a Mortgage Lender in Huntingdon?
Local Market Knowledge
Lenders who understand Huntingdon'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 Huntingdon and get competitive rates on your home loan.