The Best Mortgage Lenders in Moscow, TN
Compare verified mortgage lenders serving Moscow, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Moscow
Featured Mortgage Lenders
Mortgage Department
First Horizon Bank
First Horizon Bank (formerly First Tennessee Bank) is one of the most established and highly-rated mortgage lenders serving the Moscow area through their extensive West Tennessee network. With over 150 years of banking history, they offer deep local market expertise and personalized service. Their mortgage team receives exceptional ratings for responsiveness, competitive rates, and guiding borrowers through the entire process. As a regional powerhouse with strong community ties, they understand the unique needs of rural West Tennessee homebuyers and offer specialized USDA loans perfect for Moscow area properties.
Loan Types:
Mortgage Services
Churchill Mortgage
Churchill Mortgage has built an outstanding reputation across Tennessee for their exceptional customer service and ethical lending practices. Founded by industry veteran Dave Ramsey-endorsed Mike Hardwick, they specialize in making the mortgage process transparent and educational. Their Memphis-area office actively serves Moscow and surrounding communities with highly competitive conventional and government-backed loans. They receive consistent praise for their patient, detailed approach with first-time homebuyers and their expertise with rural property financing options.
Loan Types:
Mortgage Division
Bank of Bartlett
As a community-focused bank with deep roots in West Tennessee, Bank of Bartlett provides exceptional mortgage services to Moscow residents through their experienced lending team. They combine the personalized service of a local institution with competitive rates typically associated with larger banks. Their mortgage specialists are praised for their accessibility and knowledge of rural property financing challenges. The bank has consistently high customer satisfaction ratings for their straightforward application process and commitment to finding the right loan products for each borrower's unique situation.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Moscow, TN
What are the typical down payment requirements for homes in Moscow, TN, given the local market?
In Moscow's more affordable market, many conventional loans require a 5-10% down payment, but FHA loans with 3.5% down are very common. For the area's median home price, this translates to a manageable upfront cost. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down options for eligible properties in and around Moscow.
Are there any special first-time homebuyer programs or grants available specifically for Moscow or Fayette County?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Moscow. This program provides competitive interest rates and down payment assistance for eligible first-time buyers in Fayette County. It's a key resource for navigating the local market's entry-level homes.
How do property taxes in Moscow, TN, impact my monthly mortgage payment?
Fayette County property taxes are relatively low compared to national averages, which helps keep total monthly mortgage payments affordable. Your lender will include an escrow estimate for these taxes in your payment calculation. The current rate is beneficial for long-term housing cost stability in the Moscow area.
What should I know about getting a mortgage for a home with land or acreage in Moscow?
Moscow's semi-rural setting means many properties include several acres. Lenders may have specific requirements for properties with larger parcels, such as different appraisal considerations. It's crucial to work with a local lender experienced in Fayette County who understands how to properly finance homes with land.
How does Moscow's location relative to Memphis affect mortgage lending and insurance requirements?
While Moscow offers a quiet lifestyle, its proximity to Memphis means some lenders may consider factors like commute patterns for debt-to-income ratios. Furthermore, being in a moderate-risk area for storms can influence homeowner's insurance costs, which lenders factor into your total monthly payment calculation.
Why Choose a Mortgage Lender in Moscow?
Local Market Knowledge
Lenders who understand Moscow'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 Moscow and get competitive rates on your home loan.