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Only, TN

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.

3
Top Lenders
4.7
Avg Rating
850+
Reviews
9
Loan Types

Available Loan Programs in Only

Conventional
FHA
VA
USDA
Jumbo
Reverse Mortgages
Conventional Loans
FHA Loans
VA Loans

Featured Mortgage Lenders

1

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

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.

Experience:28 years
Reviews:400 customer reviews
5500 Maryland Way, Brentwood, TN 37027

Loan Types:

ConventionalFHAVAUSDAJumbo
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2

New American Funding

New American Funding

★★★★☆
4.5/5

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.

Experience:21 years
Reviews:300 customer reviews
5100 Maryland Way, Brentwood, TN 37027

Loan Types:

ConventionalFHAVAJumboReverse Mortgages
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3

Pinnacle Financial Partners

Pinnacle Financial Partners

★★★★☆
4.7/5

Top-rated mortgage lender serving Only, Tennessee.

Experience:15 years
Reviews:150 customer reviews

Loan Types:

Conventional LoansFHA LoansVA Loans
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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.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Agent is Key to Buying in Only, Tennessee

If you're starting your homebuying journey in Only, Tennessee, you've likely typed "home loan agents near me" into a search bar. That instinct is spot on. In a unique and close-knit community like ours, partnering with a local mortgage professional isn't just convenient—it's a strategic advantage. Here’s how a local agent can make all the difference in securing your piece of Only.

Understanding Only's Unique Landscape

Only isn't a sprawling metro; it's a community with its own rhythm and real estate dynamics. A local home loan agent based in or familiar with Only and surrounding Hickman County brings invaluable on-the-ground knowledge. They understand the nuances of property values here, which can vary significantly between a home on a few acres versus one in a more settled area. They can advise on what appraisers are looking for in our specific market, helping you craft a strong, realistic offer that aligns with local valuations. An agent working from a distant city simply won't have this hyper-local insight.

Navigating Tennessee-Specific Programs

A proficient local loan agent is your gateway to programs designed for Tennesseans. They can guide you through options like the Great Choice Home Loan program, which offers competitive interest rates and down payment assistance for eligible buyers—a fantastic resource for first-time homebuyers in Only. They’ll also be well-versed in USDA Rural Development loans, which are highly relevant for much of Hickman County. These loans offer zero-down-payment options for qualifying properties and borrowers in designated rural areas, making homeownership more accessible right here in our community.

Actionable Advice for Your Search

So, how do you find the right partner? Start by looking for agents with proven experience in Hickman County. Ask potential agents: "How many loans have you closed in the Only area in the last year?" and "Can you share examples of how you've helped buyers with similar budgets or needs to mine?" Don't hesitate to ask for local references. A good agent will also proactively discuss the specifics of closing costs in Tennessee and any county-specific fees.

Furthermore, a local agent’s network is a hidden asset. They often have established relationships with Only-area realtors, appraisers, and title companies. This can lead to smoother communication, faster turnaround times, and trusted recommendations for your entire homebuying team.

In a small town, reputation is everything. A local home loan agent's business thrives on the success and satisfaction of their neighbors—that means you can expect a high level of personalized service and accountability. They are invested in the community's well-being, just as you hope to be.

Your search for "home loan agents near me" in Only, TN, is the first smart step toward a successful purchase. By choosing a guide who knows the backroads, the programs, and the people, you’re not just getting a loan; you’re gaining a knowledgeable advocate for one of the most important decisions of your life.

Nearby Cities

Explore mortgage lenders in cities near Only, TN

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.