The Best Mortgage Lenders in Lyles, TN
Compare verified mortgage lenders serving Lyles, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lyles
Featured Mortgage Lenders
First Federal Savings Bank of Dickson
First Federal Savings Bank of Dickson
First Federal Savings Bank of Dickson is a highly-rated community bank with deep roots in the Lyles area, located just 15 minutes away in Dickson. They maintain exceptional 4.8-star ratings across multiple platforms for their personalized service and local decision-making. As a community-focused institution with over 25 years of experience, they specialize in understanding the unique needs of rural and semi-rural properties common in the Lyles area. Their mortgage team provides competitive rates with the advantage of local underwriting and processing, ensuring smooth closings for home purchases and refinances throughout Hickman County.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage is a highly-regarded regional lender headquartered in Tennessee with extensive experience serving rural communities like Lyles. With over 4,700 reviews and a 4.7-star rating, they've built a reputation for exceptional customer service and reliable loan processing. They specialize in both conventional and government-backed loans, with particular expertise in USDA loans that are well-suited for the Lyles area. Their local loan officers understand the specific requirements of rural property financing and maintain strong relationships with real estate professionals throughout Middle Tennessee.
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The Home Loan Expert
CGM LLC dba The Home Loan Expert
The Home Loan Expert is a top-rated mortgage brokerage serving the entire Middle Tennessee region, including Lyles, with an outstanding 4.9-star rating from hundreds of verified customers. As a brokerage, they have access to multiple lenders and can shop for the best rates and terms for each borrower's specific situation. They specialize in working with rural properties and have extensive experience with USDA loans, which are particularly relevant for the Lyles area. Their team provides personalized guidance through the entire mortgage process, with particular strength in first-time homebuyer programs and government-backed loans that benefit buyers in more rural locations.
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Frequently Asked Questions
Common questions about mortgage lending in Lyles, TN
Are there any special mortgage or down payment assistance programs for homebuyers in Lyles, TN?
Yes, homebuyers in Lyles can access statewide Tennessee Housing Development Agency (THDA) programs like the Great Choice Home Loan and the Great Choice Plus down payment assistance. These programs are particularly valuable in Lyles, where incomes may be more moderate compared to urban areas, offering competitive rates and up to 6% of the loan amount in assistance for eligible buyers.
How does the rural nature of Lyles and Hickman County affect the mortgage process?
The rural setting can impact property appraisal availability and may require lenders familiar with valuing land and rural properties. Some properties may also be eligible for USDA Rural Development loans, which offer 100% financing—a significant advantage in an area with fewer large down payment resources. It's crucial to work with a lender experienced in rural Tennessee markets.
What are typical property taxes in Lyles, and how do they affect my mortgage payment?
Hickman County has relatively low property tax rates compared to national and state averages, which is a benefit for Lyles homeowners. Current rates are approximately $2.73 per $100 of assessed value (assessment ratio is 25%). Your lender will factor this low tax burden into your overall debt-to-income ratio, often making homeownership more affordable on a monthly basis despite potential higher loan amounts.
As a first-time homebuyer in Lyles, what should I know about the local market and inventory?
The Lyles market features a mix of older homes, manufactured homes on owned land, and newer construction, often with more land. Inventory can be limited, so getting pre-approved with a local or regional lender who understands the area is critical to act quickly. THDA's first-time homebuyer programs are widely used here, and many sellers expect offers from buyers using such assistance.
Do lenders in Lyles offer any special considerations for financing homes with acreage or agricultural potential?
Financing homes with significant acreage (typically over 10 acres) can be more complex. While conventional loans may work, lenders might require a specialized appraisal to assess the land's value separately. For properties with active agricultural income, you may need to provide additional documentation. Local community banks and credit unions in Hickman County are often the most flexible for these types of property loans.
Why Choose a Mortgage Lender in Lyles?
Local Market Knowledge
Lenders who understand Lyles'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 Lyles and get competitive rates on your home loan.