The Best Mortgage Lenders in Old Hickory, TN
Compare verified mortgage lenders serving Old Hickory, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Old Hickory
Featured Mortgage Lenders
First Horizon Bank Mortgage
First Horizon Bank
First Horizon Bank has been serving Middle Tennessee for over two decades with a strong local presence and deep community roots. As one of the largest regional banks in Tennessee, they offer personalized mortgage services with competitive rates and a wide variety of loan products. Their experienced loan officers provide dedicated local service to Old Hickory residents, combining the resources of a major financial institution with the personal attention of a community bank. They consistently receive high marks for their efficient closing processes and excellent customer communication throughout the loan journey.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage, headquartered in the Nashville area, has built an outstanding reputation across Middle Tennessee for their exceptional customer service and mortgage expertise. Founded by industry veteran Mike Hardwick, the company specializes in making the mortgage process straightforward and transparent. They're particularly noted for their educational approach, helping Old Hickory homebuyers understand every aspect of their mortgage options. With thousands of successful closings and numerous industry awards, Churchill combines local market knowledge with comprehensive lending solutions and consistently earns praise for their responsive communication and attention to detail.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage has established a strong presence in the Nashville metropolitan area, serving Old Hickory with a wide range of mortgage products and exceptional service. As a nationwide lender with deep local roots, they combine the stability of a 60+ year institution with personalized service from local loan officers who understand the Middle Tennessee market. They're particularly recognized for their innovative loan programs and flexibility in working with various borrower profiles. Guild consistently receives high customer satisfaction ratings for their transparent process, competitive rates, and commitment to finding the right mortgage solution for each client's unique situation.
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Frequently Asked Questions
Common questions about mortgage lending in Old Hickory, TN
What are typical down payment requirements for homes in Old Hickory, TN, given its market?
In Old Hickory's competitive market, where median home prices are often more accessible than in Nashville proper, many conventional loans require a 5-10% down payment. However, for the area's many charming, older homes, lenders may scrutinize appraisals more closely, potentially affecting loan-to-value ratios. First-time buyers should explore TN Housing Development Agency (THDA) programs, which can offer down payment assistance with as little as 3% down for qualifying properties.
Are there specific mortgage considerations for buying one of Old Hickory's historic or older homes?
Yes, purchasing a home in Old Hickory's historic districts or its many mid-century properties often requires special attention. Lenders may mandate a more thorough inspection for issues like outdated electrical, plumbing, or foundation concerns common in older builds. You might also explore renovation loans like the FHA 203(k), which can be beneficial for updating these character-rich homes while keeping them affordable within the local market.
What local or state programs are available to help first-time homebuyers in Old Hickory?
Old Hickory buyers have excellent access to Tennessee-wide programs. The THDA Great Choice Home Loan offers competitive fixed-rate mortgages with down payment assistance. Additionally, the Metro Nashville-Davidson County Government offers a **Homeownership for the Brave** program, which provides down payment assistance to veterans, active military, teachers, and first responders, making it highly relevant for the Old Hickory community.
How do property taxes in Old Hickory impact mortgage calculations and affordability?
Old Hickory is within Davidson County, which has a consolidated city-county government. Property tax rates are set by the Metro Council and are currently $3.288 per $100 of assessed value. While rates are higher than some surrounding counties, home values in Old Hickory can be lower, balancing the overall tax burden. Your lender will escrow these taxes, and it's a critical factor in calculating your total monthly payment.
Is it difficult to get a mortgage for a home near Old Hickory Lake or the Cumberland River due to flood zones?
Properties in designated flood zones, especially near the lake or river, will require mandatory flood insurance, which your lender will add to your monthly escrow payment. This is a significant additional cost that affects affordability. Before making an offer, always check the FEMA Flood Map and factor in the annual insurance premium, as lenders will not approve a loan without proper coverage for at-risk properties.
Nearby Cities
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Why Choose a Mortgage Lender in Old Hickory?
Local Market Knowledge
Lenders who understand Old Hickory'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 Old Hickory and get competitive rates on your home loan.