The Best Mortgage Lenders in Moss, TN
Compare verified mortgage lenders serving Moss, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Moss
Featured Mortgage Lenders
Jason Smith
Ascend Federal Credit Union
As the largest credit union in Middle Tennessee, Ascend has been serving the Moss area for decades with exceptional mortgage services. They consistently receive top ratings for their competitive rates, personalized service, and deep understanding of rural property financing needs. Their experienced mortgage team specializes in helping clients in smaller communities like Moss navigate the home buying process with local expertise and community-focused approach that national lenders can't match.
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Mark Jones
F&M Bank
F&M Bank has been a trusted community banking institution serving the Upper Cumberland region including Moss for over a century. They offer specialized mortgage programs tailored to rural homebuyers, including USDA loans that are particularly beneficial for Moss area properties. Their local loan officers provide in-person consultations and understand the unique aspects of financing homes in rural Tennessee communities, backed by their longstanding reputation for reliable service and competitive rates.
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Sarah Johnson
U.S. Bank - Cookeville Branch
U.S. Bank maintains a strong local presence in Cookeville with mortgage specialists who regularly serve clients throughout the Moss area. As one of the nation's largest banks with deep roots in community lending, they offer comprehensive mortgage solutions with the stability and resources of a national institution combined with local market knowledge. Their mortgage team has particular expertise in rural property financing and offers competitive rates with streamlined digital processes while maintaining personalized local service for Moss residents.
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Frequently Asked Questions
Common questions about mortgage lending in Moss, TN
Are there any special mortgage considerations for buying land or a manufactured home in Moss, TN?
Yes, Moss is a very rural, unincorporated community where manufactured homes and land purchases are common. Financing for manufactured homes often requires them to be permanently affixed to a foundation and titled as real estate, not personal property. For vacant land loans, you'll typically need a larger down payment (often 20-50%) and may need a separate construction loan if you plan to build later.
What are typical down payment assistance or first-time homebuyer programs available in Clay County for Moss residents?
Moss homebuyers can access statewide Tennessee Housing Development Agency (THDA) programs like the Great Choice Home Loan, which offers competitive rates and down payment assistance. Additionally, the THDA "Great Choice Plus" loan provides up to 4% of the loan amount in down payment assistance as a second mortgage that is forgiven after 10 years, which is particularly helpful in this lower-income area.
How does the lack of major banking institutions in Moss affect getting a mortgage?
While Moss itself has no major banks, residents typically work with lenders in nearby Celina, Gainesboro, or Livingston, or use regional/online lenders. It's crucial to choose a lender familiar with rural property appraisals and the unique characteristics of homes in the Cumberland Plateau region. Local credit unions, like Upper Cumberland Credit Union, often have strong community knowledge.
Are property taxes and insurance costs a significant factor in mortgage payments in Moss?
Yes, while Clay County property taxes are relatively low, homeowners insurance can be higher than average due to the rural setting. Lenders will factor in the cost of well and septic system inspections (common in Moss) and may require additional coverage for properties with significant acreage or outbuildings, which impacts your total monthly payment.
Do lenders have specific requirements for appraisals on rural properties in Moss?
Absolutely. Appraisals in Moss can be challenging due to the lack of recent, comparable home sales ("comps") in the immediate area. Lenders often require appraisers with experience in rural valuations who can account for land value, access, water sources, and the condition of often older housing stock. This process can sometimes take longer than in urban markets.
Why Choose a Mortgage Lender in Moss?
Local Market Knowledge
Lenders who understand Moss'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 Moss and get competitive rates on your home loan.