The Best Mortgage Lenders in La Follette, TN
Compare verified mortgage lenders serving La Follette, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in La Follette
Featured Mortgage Lenders
Guild Mortgage - Knoxville Team
Guild Mortgage Company
Guild Mortgage's Knoxville office serves the entire East Tennessee region including La Follette, with exceptional customer satisfaction ratings. They are particularly noted for their expertise with VA and first-time homebuyer programs, offering personalized service and competitive rates. Their local loan officers have deep knowledge of Campbell County's housing market and provide comprehensive guidance through the entire mortgage process.
Loan Types:
Envoy Mortgage - Knoxville
Envoy Mortgage, Ltd.
Envoy Mortgage's Knoxville branch consistently receives high marks for their responsive service and competitive loan options for La Follette area homebuyers. They specialize in navigating complex financing situations and offer a wide range of loan products with local underwriting support. Their team has extensive experience with rural properties common in Campbell County and provides streamlined digital processing.
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ORNL Federal Credit Union
ORNL Federal Credit Union
As one of East Tennessee's largest and most established credit unions, ORNL FCU serves members throughout the region including La Follette residents. They offer exceptionally competitive mortgage rates for members and are known for their personalized service and community-focused approach. With deep roots in the region, they understand local market conditions and provide comprehensive mortgage solutions with member-friendly terms and low closing costs.
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Frequently Asked Questions
Common questions about mortgage lending in La Follette, TN
Are there any down payment assistance programs specifically for La Follette, TN, homebuyers?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in La Follette. This program provides competitive fixed-rate mortgages paired with down payment assistance in the form of a second mortgage, which can be forgiven over time. Local lenders are familiar with this program and can help you determine your eligibility based on income and the home's location.
How do property taxes in Campbell County affect my monthly mortgage payment in La Follette?
Campbell County has relatively low property tax rates compared to national averages, which is a benefit for La Follette homeowners. For the 2023 tax year, the rate was approximately $2.48 per $100 of assessed value. Your lender will calculate an estimated monthly escrow payment for these taxes, which will be included in your total mortgage payment, helping to keep overall housing costs manageable.
What is a typical credit score needed to qualify for a mortgage with local La Follette lenders?
While requirements can vary, many local banks and credit unions in the La Follette area may offer more flexible underwriting for conventional loans, with minimum scores often around 620-640. For the best THDA programs, a minimum FICO score of 640 is typically required. It's advisable to consult with a local mortgage broker who understands the lending landscape in Campbell County.
Does the rural nature of La Follette affect the type of mortgage loans available?
Yes, many properties in and around La Follette may qualify for USDA Rural Development loans, which offer 100% financing (no down payment). This is a significant advantage for eligible buyers purchasing in designated rural areas. A local lender can confirm if a specific property address qualifies for this beneficial program, which is ideal for the region's market.
Are there specific considerations for getting a mortgage on a manufactured home in La Follette?
Yes, financing a manufactured home in La Follette requires specific loan programs, such as FHA, VA, or USDA loans, provided the home is on a permanent foundation and meets certain age and condition requirements. Local lenders experienced with properties in Campbell County can guide you through the process, as not all lenders finance manufactured homes.
Why Choose a Mortgage Lender in La Follette?
Local Market Knowledge
Lenders who understand La Follette'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 La Follette and get competitive rates on your home loan.