The Best Mortgage Lenders in Huntland, TN
Compare verified mortgage lenders serving Huntland, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntland
Featured Mortgage Lenders
Mortgage Department
Ascend Federal Credit Union
As one of Tennessee's largest credit unions with deep roots in Franklin County, Ascend Federal Credit Union provides exceptional mortgage services to Huntland residents. Their local branch in nearby Winchester offers personalized service with competitive rates and a wide variety of loan programs. Members consistently praise their knowledgeable loan officers, streamlined application process, and commitment to community banking values. Their extensive experience with rural properties and agricultural lending makes them particularly well-suited for Huntland's market.
Loan Types:
Mortgage Division
FirstBank
FirstBank has maintained a strong presence throughout Middle Tennessee for over a century, with multiple branches serving Franklin County and surrounding areas. Their mortgage team specializes in both urban and rural properties, offering competitive rates and local underwriting expertise. Customers consistently highlight their responsive communication, efficient closing processes, and knowledgeable guidance through complex loan scenarios. Their construction and lot loan programs are particularly valuable for Huntland's growing residential market.
Loan Types:
Mortgage Services
Churchill Mortgage
Churchill Mortgage has built an outstanding reputation across Tennessee for their exceptional customer service and expertise in various mortgage products. While headquartered in Brentwood, they actively serve clients throughout Middle Tennessee including Huntland. Their loan officers are praised for their attention to detail, transparent communication, and ability to navigate complex financing situations. Specializing in both purchase and refinance transactions, they offer competitive rates and personalized service that has earned them numerous industry awards and thousands of positive customer reviews.
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Frequently Asked Questions
Common questions about mortgage lending in Huntland, TN
What are the typical down payment requirements for homes in Huntland, given its rural market?
In Huntland's more affordable market, many conventional loans can be secured with a 5% down payment, and FHA loans with just 3.5% down are common. For the area's agricultural or larger land parcels, lenders may require a higher down payment of 20-30% due to the unique property characteristics. It's advisable to work with a lender familiar with rural Tennessee properties to navigate these requirements.
Are there any special loan programs for first-time homebuyers in Huntland, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Huntland. This program provides competitive interest rates, down payment assistance, and flexible credit guidelines, making homeownership accessible for qualified first-time buyers in Franklin County. Many local lenders are approved THDA partners.
How does the lack of a large urban center in Franklin County affect mortgage approval and property appraisal?
Appraisals in Huntland can be challenging due to fewer comparable home sales ("comps") than in metropolitan areas, which may occasionally affect loan approval. Lenders familiar with the area use appraisers with experience in rural markets who understand how to value properties with acreage, wells, and septic systems. This local expertise is crucial for a smooth mortgage process.
What should I know about getting a mortgage for a property with acreage or a well/septic system in Huntland?
Financing properties with land or private water/septic is standard in Huntland, but lenders will require additional inspections. A satisfactory well flow test and septic inspection are typically mandatory for loan approval. For larger acreage, the loan may focus primarily on the value of the home and a standard lot size, with the extra land valued separately.
Are USDA Rural Development loans a viable option in Huntland, TN?
Absolutely. Most of Huntland and Franklin County qualify for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is an excellent program for the area, given its designation, and can make homeownership very affordable with below-market mortgage insurance rates compared to FHA.
Why Choose a Mortgage Lender in Huntland?
Local Market Knowledge
Lenders who understand Huntland'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 Huntland and get competitive rates on your home loan.