The Best Mortgage Lenders in Mosheim, TN
Compare verified mortgage lenders serving Mosheim, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mosheim
Featured Mortgage Lenders
Eastman Credit Union Mortgage Department
Eastman Credit Union
Eastman Credit Union stands as the premier mortgage lender serving the Mosheim area with exceptional customer satisfaction ratings and deep community roots. As one of Tennessee's largest credit unions with over 85 years of service, ECU offers highly competitive rates and personalized mortgage solutions. Their local Greeneville branch provides convenient access for Mosheim residents, and they consistently receive top marks for their knowledgeable loan officers, streamlined application process, and exceptional member service. Specializing in first-time homebuyer programs, VA loans for military families, and rural development loans perfect for the Mosheim area.
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Bank of Tennessee Mortgage Division
Bank of Tennessee
Bank of Tennessee has been a trusted community banking institution serving Greene County and surrounding areas for over four decades, making them an ideal mortgage partner for Mosheim residents. Their mortgage team receives consistent praise for local decision-making, competitive rates, and personalized service throughout the entire home buying process. With deep roots in East Tennessee, they understand the local real estate market and offer specialized construction loans perfect for the rural Mosheim area. Customers frequently highlight their responsive communication, transparency about costs, and ability to close loans efficiently.
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Fairway Independent Mortgage Corporation - Johnson City
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation's Johnson City branch serves the Mosheim area with outstanding customer satisfaction ratings and nationwide lending capabilities. As one of the top-rated mortgage lenders in the region, they combine local expertise with extensive product options and competitive pricing. Their loan officers are particularly praised for their responsiveness, attention to detail, and ability to navigate complex loan scenarios. With special programs for first-time buyers and extensive experience with USDA rural development loans ideal for the Mosheim market, they consistently deliver exceptional service from application through closing and beyond.
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Frequently Asked Questions
Common questions about mortgage lending in Mosheim, TN
What are the typical down payment requirements for buying a home in Mosheim, TN?
In Mosheim, many lenders offer conventional loans with down payments as low as 3-5%, but for USDA loans, which are popular in this rural area, you can buy with 0% down. FHA loans are another common option requiring 3.5% down. Your specific requirement will depend on your credit score, debt-to-income ratio, and the loan program you qualify for.
Are there any special mortgage programs for first-time homebuyers in Greene County?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used by first-time buyers in Mosheim and Greene County. This program provides competitive interest rates, down payment assistance, and flexible credit guidelines. It's particularly helpful for buyers with moderate incomes looking in Mosheim's affordable market.
How does Mosheim's rural designation affect my mortgage options?
Mosheim's location makes most properties eligible for USDA Rural Development loans, which offer 100% financing with no down payment required. This is a significant advantage for buyers with limited savings. Additionally, property types often include larger lots and older homes, so ensure your appraisal and inspection account for well and septic systems common in the area.
What should I know about property taxes and insurance when calculating my mortgage payment in Mosheim?
Greene County property taxes are relatively low, with an effective rate around 0.74% of assessed value. For a $200,000 home, expect annual taxes of approximately $1,480. Homeowners insurance in this area is also affordable due to lower disaster risks, but you may need separate flood insurance if your property is in a flood zone, which some areas near Lick Creek might require.
How competitive is the mortgage lending environment in Mosheim compared to larger cities?
While you'll find fewer local bank branches than in Johnson City or Knoxville, Mosheim borrowers have good access to lenders familiar with rural properties. Local credit unions like Greeneville Federal Credit Union often offer competitive rates and personalized service. It's advisable to get quotes from both local institutions and online lenders to ensure you get the best terms for your Mosheim home purchase.
Why Choose a Mortgage Lender in Mosheim?
Local Market Knowledge
Lenders who understand Mosheim'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 Mosheim and get competitive rates on your home loan.