The Best Mortgage Lenders in Huntsville, TN
Compare verified mortgage lenders serving Huntsville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntsville
Featured Mortgage Lenders
Mortgage Investors Group
Mortgage Investors Group
Mortgage Investors Group is a highly-rated regional mortgage broker serving East Tennessee, including Huntsville, with over 30 years of experience. They are renowned for their personalized service, local market expertise, and competitive rates. With a strong focus on customer satisfaction, they offer a wide range of loan products and have consistently high ratings for their efficient processing and dedicated support throughout the mortgage journey.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated national lender with a strong local presence in Tennessee, serving Huntsville with exceptional customer service and competitive loan options. Founded in 1996, they have built a reputation for transparency, fast closings, and expert guidance. Their team specializes in various loan types, including first-time homebuyer programs, and is praised for high customer satisfaction and community involvement.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable national lender known for its innovative approach and strong service in rural and suburban areas like Huntsville. Founded in 2008, they combine technology with local expertise to offer competitive rates and a streamlined process. With a focus on customer care and flexibility, they provide various loan options and have high ratings for their responsive support and commitment to closing loans efficiently.
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Frequently Asked Questions
Common questions about mortgage lending in Huntsville, TN
Are there any special mortgage programs for first-time homebuyers in Huntsville, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Huntsville. This program provides competitive fixed-rate mortgages, down payment assistance, and flexible credit guidelines, making it an excellent option for first-time buyers in Scott County. Local lenders are well-versed in these programs and can guide you through the application process.
How does the rural nature of Huntsville and Scott County affect my mortgage options?
Huntsville's location in a rural area makes many properties eligible for USDA Rural Development loans, which offer 100% financing with no down payment required. This is a significant advantage for buyers looking at homes in the county. It's important to have a lender verify the specific property's eligibility, as certain areas within the county qualify for this beneficial program.
What are typical closing costs for a mortgage in Huntsville, TN?
Closing costs in Huntsville typically range from 2% to 5% of the home's purchase price. These costs include title insurance, appraisal fees, and recording fees specific to Scott County. Property taxes in the area are relatively low compared to urban centers, which can help reduce your initial escrow requirements at closing.
How does the local property appraisal process work in Huntsville's market?
Given Huntsville's smaller, rural market with fewer comparable sales, appraisals can require more careful analysis. Lenders often work with appraisers familiar with Scott County's unique property types, including land and manufactured homes. It's wise to be prepared for a potentially longer appraisal process and to provide any unique property features that could add value.
Are there local lenders in Huntsville who understand the specific market conditions?
Absolutely. While national lenders are an option, working with a local bank or credit union in Scott County, such as Citizens First Bank or a local credit union, can be advantageous. These institutions have firsthand knowledge of property values in Huntsville, understand the nuances of rural lending, and can often provide more personalized service throughout the mortgage process.
Why Choose a Mortgage Lender in Huntsville?
Local Market Knowledge
Lenders who understand Huntsville'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 Huntsville and get competitive rates on your home loan.