The Best Mortgage Lenders in Huron, TN
Compare verified mortgage lenders serving Huron, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huron
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong presence in West Tennessee, serving Huron and surrounding areas through their Jackson branch. Known for competitive rates and exceptional customer service, they have consistently high ratings on platforms like Zillow and Google. Their loan officers are experienced in various loan types, including government-backed programs, making them a reliable choice for first-time homebuyers and refinancing. With over 25 years in business, they offer personalized service and local expertise, ensuring a smooth mortgage process for clients in rural and urban communities alike.
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Movement Mortgage, LLC
Movement Mortgage, LLC
Movement Mortgage is a highly regarded national lender with a significant footprint in Tennessee, including service to Huron via their Nashville operations. They excel in providing fast, efficient loan processing and have built a reputation for transparency and community involvement. With a focus on customer satisfaction, they offer a wide range of loan options and have received numerous industry awards. Their local loan officers are accessible and knowledgeable about the Gibson County area, making them a trusted option for home purchases and refinances with competitive rates and minimal fees.
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Caliber Home Loans, Inc.
Caliber Home Loans, Inc.
Caliber Home Loans is a reputable mortgage lender with a strong regional presence in West Tennessee, serving Huron and other communities from their Memphis office. They are known for their flexible loan programs, including specialized options for self-employed borrowers and those with unique financial situations. With high customer ratings on review sites like LendingTree, they prioritize education and guidance throughout the mortgage process. Their experienced team offers competitive rates and a seamless online experience, backed by years of industry expertise and a commitment to helping clients achieve homeownership in rural and suburban areas.
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Frequently Asked Questions
Common questions about mortgage lending in Huron, TN
Are there any special mortgage programs for first-time homebuyers in Huron, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is popular in Huron. This program provides competitive interest rates, down payment assistance, and flexible credit guidelines, making it an excellent option for first-time buyers in the area. Local lenders are well-versed in these programs and can help you navigate the application process.
How do property taxes in Huron, TN, affect my monthly mortgage payment?
Huron is located in Wayne County, which has a relatively low property tax rate compared to many urban areas in Tennessee. The current county rate is approximately $2.67 per $100 of assessed value. Your lender will calculate an escrow payment for taxes and insurance, but the overall impact on your monthly payment in Huron is typically more affordable than in larger cities.
What is the typical down payment required for a mortgage on a home in Huron's rural market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Huron utilize programs like USDA Rural Development loans, which require 0% down for eligible properties and borrowers. Conventional loans with 3-5% down are also common, especially for first-time buyers. The rural nature of much of the area makes USDA loans a particularly relevant and attractive option.
Are there local credit unions or banks in Huron that offer competitive mortgage rates?
While Huron itself is a small community, nearby lenders in Waynesboro and Savannah, such as First National Bank of Tennessee and local credit unions, often provide personalized service and competitive rates for Huron homebuyers. It's advisable to get quotes from both these local institutions and larger national lenders to find the best overall mortgage package for your situation.
How does the appraisal process work for a home in a rural area like Huron, TN?
Appraisals in Huron can be more complex due to the rural setting and potentially fewer comparable home sales ("comps"). Lenders will use appraisers familiar with the area who understand the value of land, outbuildings, and well/septic systems, which are common. Be prepared for the process to potentially take slightly longer as the appraiser may need to look at properties in a wider geographic area to find suitable comps.
Why Choose a Mortgage Lender in Huron?
Local Market Knowledge
Lenders who understand Huron'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 Huron and get competitive rates on your home loan.