The Best Mortgage Lenders in Nashville, TN
Compare verified mortgage lenders serving Nashville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Nashville
Featured Mortgage Lenders
Barry Habib
Churchill Mortgage
Churchill Mortgage is headquartered in the Nashville area and has built an exceptional reputation as one of Tennessee's premier mortgage lenders. Founded by industry expert Barry Habib, the company combines three decades of experience with personalized service. They're particularly noted for their educational approach to home financing, helping borrowers understand every aspect of the mortgage process. Churchill excels in conventional, FHA, and VA loans with competitive rates, and their local presence means they understand Nashville's unique real estate market dynamics.
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Customer Service
Regions Bank Mortgage
Regions Bank has deep roots in Tennessee and maintains a strong physical presence throughout the Nashville metro area. Their mortgage division offers comprehensive lending solutions with the advantage of in-person service at multiple branch locations. Regions is particularly strong in construction-to-permanent loans, which is valuable in Nashville's growing market. Customers consistently praise their responsive loan officers and streamlined digital application process, combined with the reliability of an established regional banking institution.
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Loan Officers
Third Mortgage
Third Mortgage has established itself as a top-performing local mortgage broker serving the Greater Nashville area with exceptional customer service and competitive rates. As a broker, they have access to multiple lenders, allowing them to shop for the best terms on behalf of their clients. They're particularly noted for their expertise in jumbo loans and investment property financing, which are common needs in Nashville's competitive housing market. Their team of experienced loan officers provides personalized guidance throughout the entire mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Nashville, TN
Are there any special first-time homebuyer programs available in Nashville, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is popular in Nashville. This program provides competitive fixed-rate mortgages, down payment assistance, and flexible credit guidelines specifically for first-time buyers. Additionally, Metro Nashville may have local grants or programs, so consulting with a local lender familiar with these resources is highly recommended.
How does Nashville's competitive housing market affect the mortgage pre-approval process?
In Nashville's fast-paced market, a strong pre-approval is essential, not just a pre-qualification. Sellers often require a full pre-approval letter with your offer, and many prefer local lenders who understand the market's appraisal challenges and quick closing timelines. Having your documentation thoroughly reviewed upfront can make your offer more competitive against cash buyers and multiple bids.
What are typical down payment requirements for homes in Nashville given the rising prices?
While 20% down is ideal to avoid private mortgage insurance (PMI), many Nashville buyers utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially for first homes. With median home prices increasing, down payment assistance programs through THDA can be crucial. Jumbo loans, required for higher-priced properties, typically need 10-20% down.
Are there specific neighborhoods in Nashville where appraisal gaps are a common concern for mortgages?
Yes, in rapidly appreciating and highly sought-after neighborhoods like East Nashville, 12 South, Germantown, and The Nations, appraisal gaps—where the offer price exceeds the appraised value—are frequent. Buyers should be financially prepared to cover the difference in cash or have an appraisal contingency strategy, as lenders will only loan based on the appraised value.
Does Nashville's status as a destination for remote workers impact mortgage lending requirements?
Absolutely. If you are moving to Nashville for a remote job based in another state, lenders will closely scrutinize your employment history, job stability, and income verification. You may need to provide a full remote work agreement from your employer. Local lenders are adept at handling these "relocating remote employee" scenarios, which are very common in the current Nashville market.
Why Choose a Mortgage Lender in Nashville?
Local Market Knowledge
Lenders who understand Nashville'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 Nashville and get competitive rates on your home loan.