The Best Mortgage Lenders in Milledgeville, TN
Compare verified mortgage lenders serving Milledgeville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Milledgeville
Featured Mortgage Lenders
Mortgage Solutions Financial
Mortgage Solutions Financial
Mortgage Solutions Financial is a highly-rated regional mortgage lender serving rural communities across West Tennessee, including Milledgeville. With over two decades of experience, they specialize in serving first-time homebuyers and rural property financing with exceptional customer service. Their team has deep knowledge of USDA rural development loans which are particularly relevant for Milledgeville homebuyers. They maintain a 4.9-star rating across multiple review platforms with consistent praise for their responsive communication and competitive rates.
Loan Types:
Regions Mortgage
Regions Bank
Regions Bank has a strong presence throughout Tennessee with multiple branches serving the Milledgeville area. Their mortgage division offers comprehensive lending solutions with the advantage of local branch support combined with regional banking resources. Regions specializes in construction-to-permanent loans, which is valuable for Milledgeville's growing rural housing market. They maintain excellent ratings for their straightforward application process and reliable customer service, with particular strength in government-backed loans ideal for the area.
Loan Types:
Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage has served Tennessee communities for three decades with a strong reputation for transparent lending practices and educational approach to home financing. While based in Memphis, they actively serve rural Tennessee markets including Milledgeville, with particular expertise in USDA rural development loans that benefit the area. Their high customer satisfaction ratings reflect their commitment to walking borrowers through every step of the mortgage process, making them an excellent choice for both first-time and experienced homebuyers in the Milledgeville region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Milledgeville, TN
What are the current mortgage rates like in Milledgeville, TN, and how do they compare to state averages?
Mortgage rates in Milledgeville typically align closely with Tennessee state averages, as it's a smaller market influenced by national trends. However, local lenders may offer competitive rates, especially for well-qualified buyers. It's wise to compare offers from both local community banks and larger regional institutions serving McNairy County to secure the best rate.
Are there any down payment assistance programs specifically for buyers in Milledgeville or McNairy County?
While Milledgeville itself does not have a city-specific program, Tennessee offers the Great Choice Home Loan program, which provides down payment assistance and competitive rates to eligible buyers statewide. Working with a local lender familiar with this program is key, as they can help you navigate the income and property location requirements that apply to McNairy County.
How does the appraisal process work for rural properties or land around Milledgeville?
Appraising rural properties in the Milledgeville area can be more complex due to larger lots, unique land features, and fewer comparable sales. Lenders often require appraisers with specific experience in rural McNairy County valuations. This process may take slightly longer and requires accurate property surveys, especially if the home is on several acres.
What should I know about property taxes and insurance when calculating my mortgage payment in Milledgeville?
McNairy County property taxes are relatively low compared to urban areas in Tennessee, which can make monthly payments more affordable. However, lenders will require proof of hazard insurance, and for many rural properties, they may also require a separate flood zone determination, as some areas near the Hatchie River or its tributaries could be in special flood hazard areas.
Are USDA Rural Development loans a common and good option for Milledgeville homebuyers?
Yes, USDA loans are an excellent and frequently used option in Milledgeville, as the entire area is eligible for USDA's rural housing programs. These loans offer 100% financing (no down payment) for qualified buyers and properties, making homeownership very accessible. Local lenders are often well-versed in processing these loans for the community.
Nearby Cities
Explore mortgage lenders in cities near Milledgeville, TN
Why Choose a Mortgage Lender in Milledgeville?
Local Market Knowledge
Lenders who understand Milledgeville'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 Milledgeville and get competitive rates on your home loan.