The Best Mortgage Lenders in Lewisburg, TN
Compare verified mortgage lenders serving Lewisburg, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewisburg
Featured Mortgage Lenders
Orion Federal Credit Union Mortgage Department
Orion Federal Credit Union
Orion Federal Credit Union stands out as one of the highest-rated mortgage lenders serving the Lewisburg area with exceptional customer satisfaction ratings. While headquartered in Memphis, they actively serve members across Middle Tennessee including Marshall County. Their mortgage team provides personalized service with competitive rates on all major loan programs. Customers consistently praise their responsive communication, streamlined application process, and expertise with first-time homebuyer programs. As a community-focused credit union, they offer member benefits including lower fees and relationship-based pricing.
Loan Types:
First Horizon Bank Mortgage Division
First Horizon Bank
First Horizon Bank maintains a strong presence throughout Tennessee with multiple branches serving the Lewisburg area. Their experienced mortgage team specializes in both purchase and refinance transactions with particular expertise in rural property financing suitable for Marshall County. The bank receives consistent praise for their local decision-making capability and knowledgeable loan officers who understand the specific market dynamics of Middle Tennessee. Their digital mortgage platform combined with in-person service provides flexibility for borrowers throughout the home financing process.
Loan Types:
Churchill Mortgage - Nashville Branch
Churchill Mortgage Corporation
Churchill Mortgage has built an outstanding reputation across Tennessee with their Nashville branch actively serving Lewisburg and surrounding communities. They excel in providing comprehensive mortgage education and guidance, particularly for first-time homebuyers. Their loan officers are praised for their extensive knowledge of VA and USDA loans, which are popular options in the Lewisburg area. Churchill maintains high standards for customer communication and transparency throughout the lending process, with many reviews highlighting their ability to close loans efficiently while providing competitive rates and terms.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Lewisburg, TN
What are the current average mortgage rates for homebuyers in Lewisburg, TN, and how do they compare to state averages?
Mortgage rates in Lewisburg typically align closely with Tennessee state averages, though they can be slightly lower than in larger metro areas due to lower perceived risk. As of recent trends, you can expect conventional 30-year fixed rates to be competitive, but it's crucial to get quotes from local lenders and credit unions like Ascend Federal Credit Union, which has a strong presence in the region, as they may offer special promotions.
Are there any down payment assistance or first-time homebuyer programs specifically available for Lewisburg residents?
Yes, Lewisburg homebuyers can access the Tennessee Housing Development Agency (THDA) Great Choice Home Loan program, which offers competitive rates and down payment assistance. Additionally, the city may have local initiatives; checking with the Marshall County Community Development office is recommended, as they sometimes have information on grants or soft-second loans for qualifying buyers within the city limits.
How does Lewisburg's property tax rate impact my monthly mortgage payment, and are there any exemptions?
Lewisburg, located in Marshall County, has a relatively moderate property tax rate compared to urban centers in Tennessee. This rate is factored into your monthly escrow payment. Tennessee offers property tax relief programs for certain groups like seniors, veterans, and disabled homeowners, so be sure to inquire with the Marshall County Property Assessor's office about potential exemptions that could lower your overall housing cost.
What should I know about appraisals and home values when getting a mortgage in Lewisburg's market?
Lewisburg's housing market features a mix of historic homes, newer subdivisions, and rural properties, which can affect appraisals. Lenders will require an appraisal to ensure the loan amount matches the home's value. It's wise to work with a local real estate agent familiar with neighborhoods like Farmington or Mooresville to understand comparable sales, as appraisals in a smaller market can sometimes be challenging if few recent comps are available.
Are USDA Rural Development loans a common and viable option for mortgages in Lewisburg, TN?
Absolutely. Lewisburg is eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is a popular and advantageous program in the area, as much of Marshall County is designated rural by the USDA. This can be an excellent option for first-time or moderate-income buyers looking at homes outside the immediate downtown core.
Why Choose a Mortgage Lender in Lewisburg?
Local Market Knowledge
Lenders who understand Lewisburg'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 Lewisburg and get competitive rates on your home loan.