The Best Mortgage Lenders in Jamestown, TN
Compare verified mortgage lenders serving Jamestown, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jamestown
Featured Mortgage Lenders
Mortgage Department
Fentress County Teachers Credit Union
As the primary local credit union serving Fentress County for over 65 years, FCTCU offers deeply personalized mortgage services with exceptional local market knowledge. Their mortgage team provides competitive rates and flexible terms specifically tailored for Jamestown and surrounding rural communities. Members consistently praise their responsive service, streamlined application process, and commitment to helping local residents achieve homeownership through various loan programs including USDA rural development loans ideal for the area.
Loan Types:
Mortgage Lending Division
First National Bank of Tennessee
With a strong regional presence in the Cumberland Plateau area, First National Bank of Tennessee has been serving Jamestown residents for decades through their Crossville branch location. They offer comprehensive mortgage solutions with local underwriting and decision-making, providing faster closings and personalized service. Customers consistently highlight their competitive rates, knowledgeable loan officers, and deep understanding of the unique property market in Fentress and surrounding counties.
Loan Types:
Mortgage Services
Leaders Credit Union
While headquartered in Jackson, Leaders Credit Union maintains a strong service presence throughout rural Tennessee including Jamestown, with specialized mortgage programs for the region. They are particularly noted for their first-time homebuyer programs and USDA rural development loans that perfectly suit the Jamestown market. Members praise their educational approach to mortgage lending, transparent process, and competitive rates that often outperform larger national lenders while maintaining local decision-making authority.
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Frequently Asked Questions
Common questions about mortgage lending in Jamestown, TN
What are the typical down payment requirements for homes in Jamestown, TN, given the local market?
In Jamestown's more rural and affordable market, many conventional loans require a minimum of 5% down, though 20% is ideal to avoid private mortgage insurance (PMI). For the area's many USDA-eligible properties, qualified buyers can secure a mortgage with 0% down payment, which is a significant advantage in this region.
Are there specific first-time homebuyer programs or grants available for Jamestown residents?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Jamestown. This program provides competitive interest rates, down payment assistance, and flexible credit guidelines, making it an excellent resource for first-time buyers in Fentress County.
How does the prevalence of rural and manufactured homes in the Jamestown area affect mortgage options?
Financing for manufactured homes is common here but has specific requirements, such as the home being permanently affixed to a foundation and titled as real estate. For traditional site-built homes in rural areas, USDA Rural Development loans are a popular and advantageous option due to Jamestown's eligibility.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Jamestown?
Fentress County has relatively low property tax rates, which can keep overall housing costs down. However, due to the rural setting and distance from fire hydrants, you may encounter higher homeowners insurance premiums, which your lender will require to be escrowed as part of your monthly payment.
Are local credit unions or community banks in Jamestown competitive for mortgages compared to national lenders?
Local institutions like Citizens Bank of Jamestown or Fentress County Bank often have deep knowledge of the local property market and may offer personalized service. They can be particularly competitive for construction loans or financing on unique rural properties that larger lenders might view as higher risk.
Why Choose a Mortgage Lender in Jamestown?
Local Market Knowledge
Lenders who understand Jamestown'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 Jamestown and get competitive rates on your home loan.