The Best Mortgage Lenders in Jonesborough, TN
Compare verified mortgage lenders serving Jonesborough, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jonesborough
Featured Mortgage Lenders
Eastman Credit Union Mortgage Department
Eastman Credit Union
Eastman Credit Union is one of the largest and most highly-rated credit unions in Tennessee, serving the entire Northeast Tennessee region including Jonesborough. With over 85 years of experience, ECU offers competitive mortgage rates and personalized service. Their mortgage specialists provide comprehensive guidance through the entire home loan process, including first-time homebuyer programs. ECU consistently receives exceptional customer satisfaction ratings and maintains strong community relationships throughout Washington County and the Tri-Cities area.
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Bank of Tennessee Mortgage Division
Bank of Tennessee
Bank of Tennessee is a well-established community bank with deep roots in Northeast Tennessee, serving Jonesborough and surrounding communities for over three decades. Their mortgage team provides local underwriting and decision-making, ensuring personalized service and competitive rates. The bank specializes in both purchase and refinance loans with particular expertise in construction lending and first-time homebuyer programs. Their strong local presence and commitment to the community make them a trusted choice for Jonesborough residents.
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Guild Mortgage - Johnson City Branch
Guild Mortgage Company
Guild Mortgage is a national lender with a strong local presence in Johnson City, serving the Jonesborough market with dedicated mortgage professionals. With over 60 years in business, Guild offers a wide variety of loan programs and has particular strength in government-backed loans including VA and FHA financing. Their local branch provides personalized service while leveraging the resources of a larger institution, offering competitive rates and efficient processing. Guild consistently receives high marks for customer service and loan officer expertise in the Tri-Cities region.
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Frequently Asked Questions
Common questions about mortgage lending in Jonesborough, TN
Are there any special mortgage programs for first-time homebuyers in Jonesborough, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Jonesborough. This program provides competitive interest rates, down payment assistance, and flexible credit guidelines, making it an excellent option for first-time buyers in Washington County. Many local lenders are approved THDA partners and can guide you through the application process.
How do property taxes in Washington County affect my monthly mortgage payment in Jonesborough?
Washington County has relatively moderate property tax rates compared to national averages, which can help keep your total monthly mortgage payment (PITI) more affordable. For 2023, the county rate is $2.54 per $100 of assessed value, with the Town of Jonesborough adding a small municipal rate. Your lender will calculate an escrow estimate based on the specific property's assessed value to include in your payment.
What is the typical down payment needed for a home in Jonesborough's historic district?
For homes in Jonesborough's designated historic district, standard down payments apply (typically 3%-20% depending on loan type), but you may encounter additional requirements. Some lenders might require a specialized historic property appraisal, and certain renovation loans like the FHA 203(k) can be particularly useful for updating older homes while keeping the down payment low.
Are USDA rural housing loans available in Jonesborough, TN?
Yes, most of Jonesborough qualifies for USDA Rural Development loans, which offer 100% financing (no down payment). This is a significant advantage for eligible buyers, as Jonesborough's setting meets the USDA's definition of a rural area despite its proximity to Johnson City. Income limits apply, but many local households qualify for this valuable zero-down-payment program.
How does Jonesborough's competitive real estate market impact the mortgage pre-approval process?
With Jonesborough's desirable historic charm and limited inventory, a strong pre-approval is crucial. Sellers often favor offers with local lender pre-approvals over online pre-qualifications. Working with a lender familiar with Washington County's appraisal processes and timelines can make your offer more competitive and help ensure a smooth closing, often within 30-45 days.
Why Choose a Mortgage Lender in Jonesborough?
Local Market Knowledge
Lenders who understand Jonesborough'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 Jonesborough and get competitive rates on your home loan.