The Best Mortgage Lenders in Lebanon, TN
Compare verified mortgage lenders serving Lebanon, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lebanon
Featured Mortgage Lenders
Wilson Bank & Trust Mortgage
Wilson Bank & Trust
Wilson Bank & Trust stands as Lebanon's premier local mortgage lender with deep community roots and exceptional customer satisfaction. As a hometown bank founded in nearby Lebanon, they offer personalized service with local decision-making authority. Their mortgage team provides competitive rates on all major loan types with particular expertise in construction lending and first-time homebuyer programs. With multiple banking centers throughout Wilson County and Middle Tennessee, they maintain an outstanding reputation for reliability and customer-focused service, earning numerous local awards for community banking excellence.
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Churchill Mortgage - Lebanon
Churchill Mortgage Corporation
Churchill Mortgage maintains a strong Lebanon presence with their local branch offering comprehensive mortgage services throughout Wilson County. Founded by industry veteran Mike Hardwick, this Tennessee-based mortgage lender has built a national reputation while maintaining exceptional local service. They specialize in debt-free home buying strategies and offer exclusive Churchill Home Buyer Advantage programs. Their Lebanon team provides personalized guidance through the entire mortgage process with particular strength in VA loans and first-time homebuyer assistance, backed by their corporate headquarters in nearby Brentwood.
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Guild Mortgage - Nashville/Lebanon
Guild Mortgage Company
Guild Mortgage provides extensive mortgage services to Lebanon residents through their strong Middle Tennessee presence. As a nationally recognized lender with deep regional roots, they offer competitive rates and innovative loan products including their exclusive Zero Down Payment program. Guild specializes in serving diverse borrower needs with particular expertise in government-backed loans and first-time homebuyer programs. Their local loan officers understand the Lebanon market dynamics and provide personalized service with the backing of a major lender's resources and technology, making them a top choice for Lebanon homebuyers seeking reliable mortgage solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Lebanon, TN
Are there any first-time homebuyer assistance programs specific to Lebanon, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Lebanon. This program provides competitive fixed-rate mortgages paired with down payment assistance in the form of a second mortgage that can be forgiven over time. Many local lenders in Wilson County are approved THDA lenders and can guide you through the application process.
How do property taxes in Wilson County affect my mortgage payments in Lebanon?
Wilson County has a relatively moderate property tax rate, which is beneficial for homeowners. As of 2023, the combined rate for Lebanon properties is approximately $2.54 per $100 of assessed value. Your mortgage lender will include an estimated monthly amount for property taxes in your escrow payment, and it's important to factor this into your overall housing budget when shopping in Lebanon's popular neighborhoods.
What is the typical down payment needed for a home in Lebanon's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Lebanon successfully purchase homes with 3-5% down using conventional loans, or 3.5% down with an FHA loan. Given the steady demand in Lebanon due to its growth and proximity to Nashville, having a strong offer often means being prepared with at least a 5% down payment and solid pre-approval from a local lender.
Are USDA loans a viable option for homebuyers in Lebanon, TN?
Yes, parts of Lebanon and the surrounding Wilson County areas are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This can be an excellent option for eligible buyers with moderate incomes looking at single-family homes. A local mortgage broker can help determine if the specific property address qualifies for this advantageous program.
How does Lebanon's rapid growth impact mortgage lending and appraisals?
Lebanon's significant growth, driven by companies like the CedarStone Bank headquarters and proximity to Nashville, means appraisals can sometimes lag behind rapidly rising sale prices. It's crucial to work with a lender who uses appraisers familiar with the local Wilson County market to ensure the property appraises for the purchase price, avoiding last-minute financing hurdles.
Why Choose a Mortgage Lender in Lebanon?
Local Market Knowledge
Lenders who understand Lebanon'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 Lebanon and get competitive rates on your home loan.