The Best Mortgage Lenders in Murfreesboro, TN
Compare verified mortgage lenders serving Murfreesboro, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Murfreesboro
Featured Mortgage Lenders
Churchill Mortgage
Churchill Mortgage, LLC
Churchill Mortgage is a top-rated local lender headquartered in Brentwood, TN, with a strong presence serving Murfreesboro and the greater Nashville area. Founded in 1992, they have over three decades of experience and are renowned for personalized customer service, competitive rates, and expertise in a wide range of loan products. They consistently receive high marks for reliability, community involvement, and customer satisfaction, making them a trusted choice for homebuyers in Rutherford County.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly regarded national lender with a local office in Brentwood that actively serves Murfreesboro residents. Established in 2008, they are known for their efficient, streamlined mortgage process, competitive pricing, and exceptional customer support. Their commitment to community engagement and innovative lending solutions has earned them strong reviews and a loyal client base in Middle Tennessee.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a leading digital mortgage lender with a physical presence in Nashville, providing comprehensive services to the Murfreesboro area. Founded in 2000, they combine technology with personalized service to offer competitive rates and a smooth borrowing experience. With high customer satisfaction ratings, they are praised for their transparency, wide loan options, and strong local support network.
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Frequently Asked Questions
Common questions about mortgage lending in Murfreesboro, TN
Are there any special first-time homebuyer programs available specifically for Murfreesboro, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Murfreesboro. This program provides competitive interest rates, down payment assistance, and flexible credit guidelines. Many local lenders in Rutherford County are approved THDA lenders and can help you navigate these benefits, which are particularly helpful given Murfreesboro's growing home prices.
How does Murfreesboro's rapid growth and proximity to Nashville affect mortgage lending and home affordability?
Murfreesboro's status as a major suburb of Nashville creates high demand, often leading to competitive bidding and rising home values. Lenders may require stronger financial profiles, such as higher credit scores or larger down payments, to compete successfully. It's crucial to get pre-approved with a local lender who understands this fast-paced market to strengthen your offer when you find a home.
What are typical property taxes like in Murfreesboro, and how do they impact my monthly mortgage payment?
Rutherford County property taxes are relatively moderate for Tennessee, with a combined city and county rate of approximately $2.47 per $100 of assessed value (assessment ratio is 25%). For a $400,000 home, this translates to roughly $2,470 annually. Your lender will escrow this amount, significantly impacting your total monthly payment, so it's a key factor in determining how much house you can afford locally.
Are USDA loans a viable option for homebuyers in Murfreesboro, given its mix of urban and outlying areas?
Absolutely. While the central core of Murfreesboro is not eligible, many of the surrounding areas in Rutherford County still qualify for USDA Rural Development loans, which offer 100% financing. Neighborhoods on the southern, eastern, and western fringes of the city may be eligible, making this a powerful $0-down option for buyers willing to live just outside the most densely populated zones.
Does Murfreesboro's history with tornadoes and severe weather affect the mortgage process, particularly regarding insurance?
Yes, it can. Lenders will require homeowners insurance, and in some areas of Murfreesboro and Rutherford County, you may be required to carry a separate wind/hail deductible or even flood insurance if the property is in a designated zone. This can increase your total monthly housing cost, so it's essential to get insurance quotes early in the homebuying process to avoid surprises.
Nearby Cities
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Why Choose a Mortgage Lender in Murfreesboro?
Local Market Knowledge
Lenders who understand Murfreesboro'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 Murfreesboro and get competitive rates on your home loan.