The Best Mortgage Lenders in Limestone, TN
Compare verified mortgage lenders serving Limestone, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Limestone
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 25 years of experience, they specialize in a wide range of loan products and have a strong local presence in the Tri-Cities area, including Limestone. They are highly regarded for their personalized approach, fast processing times, and community involvement, earning numerous awards and high customer satisfaction ratings.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated lender with a focus on speed and efficiency, offering a streamlined digital mortgage process. Founded in 2008, they have built a reputation for excellent customer service and competitive rates, serving the Limestone area through their Johnson City office. They are known for their community support and a wide array of loan options, with many reviews praising their responsiveness and expertise.
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Supreme Lending
Supreme Lending
Supreme Lending is a reputable mortgage company with over two decades of experience, offering a variety of loan products tailored to individual needs. They have a strong presence in the Tri-Cities region, including Limestone, and are praised for their competitive rates, reliable service, and knowledgeable staff. Their commitment to customer satisfaction and local community engagement makes them a top choice for homebuyers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Limestone, TN
What are the typical down payment requirements for homes in Limestone, TN, given its rural setting?
While standard loans often require 3-5% down, many Limestone properties may qualify for USDA Rural Development loans, which offer 0% down payment options. This is a key advantage in this designated rural area, making homeownership more accessible. Local lenders are very familiar with the USDA eligibility maps for the Limestone zip code.
Are there any first-time homebuyer programs specifically beneficial for purchasing in Limestone?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Plus loan program, which provides competitive interest rates and down payment assistance for eligible buyers. This is a statewide program, but it's particularly useful in Limestone where incomes may be more moderate compared to larger metro areas, helping buyers cover closing costs.
How do property types common in Limestone, like land or manufactured homes, affect mortgage options?
Financing for land or manufactured homes on owned land can be more complex. For traditional manufactured homes, you'll need a lender familiar with FHA, VA, or USDA Title II loans, as they must be permanently affixed to a foundation. Raw land loans typically require larger down payments (20-50%) and have higher rates than standard mortgages.
What local factors in Limestone should I consider when getting pre-approved for a mortgage?
Consider the age and condition of many homes in the area, as older properties might need repairs that could affect appraisal and loan eligibility. Also, factor in potential well and septic system costs, as many Limestone properties are not on city utilities, which lenders may require to be inspected and in good working order.
Are mortgage rates in Limestone, TN, different from the national average or nearby cities like Johnson City?
Mortgage rates are primarily set by national markets, so Limestone rates are generally in line with national averages. However, your final rate depends heavily on your personal credit profile and the lender you choose. Working with a local credit union or community bank in Washington County can sometimes offer competitive, personalized service you might not find with larger national lenders.
Why Choose a Mortgage Lender in Limestone?
Local Market Knowledge
Lenders who understand Limestone'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 Limestone and get competitive rates on your home loan.