The Best Mortgage Lenders in Only, TN
Compare verified mortgage lenders serving Only, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Only
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is consistently top-rated for its exceptional customer service, competitive interest rates, and wide array of loan products. With a strong local presence in Middle Tennessee, they are known for their efficient processing, personalized guidance, and commitment to helping homebuyers in communities like Only. Their high review scores and long-standing reputation make them a trusted choice for mortgages in the area.
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New American Funding
New American Funding
New American Funding is highly regarded for its diverse mortgage options and focus on inclusive lending, including programs for first-time homebuyers and underserved communities. They have a solid track record in Tennessee, with responsive customer service and competitive rates. Their extensive experience and positive customer feedback highlight their reliability and dedication to serving rural areas like Only.
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Pinnacle Financial Partners
Pinnacle Financial Partners
Top-rated mortgage lender serving Only, Tennessee.
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Frequently Asked Questions
Common questions about mortgage lending in Only, TN
What are the typical down payment requirements for homes in Only, TN, given its rural market?
In Only's rural and often more affordable market, many conventional loans can be secured with a 3-5% down payment. For eligible buyers, USDA loans are a popular option here as they offer 100% financing with no down payment, a significant advantage given the area's qualification as a USDA-eligible rural zone. Local lenders are very familiar with this program.
Are there any first-time homebuyer assistance programs specific to Only or Humphreys County?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program statewide, which provides competitive rates and down payment assistance for eligible first-time buyers in Only. Additionally, it's worth checking with local community banks or credit unions, as they may have special programs or grants for buyers in Humphreys County.
How do property taxes in Only, TN, impact my monthly mortgage payment?
Humphreys County has relatively low property tax rates compared to urban areas in Tennessee, which helps keep escrow payments manageable. For a typical home in Only, annual property taxes often range from $500 to $1,200, depending on the assessed value. Your lender will include this estimated amount in your monthly payment calculation.
What should I know about getting a mortgage for land or a manufactured home in Only?
Financing for land or manufactured homes in rural areas like Only can be more specialized. For land purchases, you may need a land loan or a construction-to-permanent loan if building. For manufactured homes, securing a mortgage often requires the home to be permanently affixed to a foundation and titled as real estate; local lenders with experience in rural properties are best equipped to guide you.
How does the appraisal process work for a unique or remote property in Only?
Appraisals in a rural setting like Only can take longer and may cost more due to the need for an appraiser familiar with the area and the challenge of finding comparable sales ("comps"). Unique properties, such as those with significant acreage, require appraisers who understand rural land value. It's crucial to work with a lender who uses local or regional appraisal management companies.
Nearby Cities
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Why Choose a Mortgage Lender in Only?
Local Market Knowledge
Lenders who understand Only'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 Only and get competitive rates on your home loan.