The Best Mortgage Lenders in Rives, TN
Compare verified mortgage lenders serving Rives, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rives
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service, competitive rates, and extensive loan options. With nearly three decades of experience, they have a strong presence in West Tennessee, including Rives, and are praised for their personalized approach, fast processing, and high customer satisfaction. Their team specializes in guiding clients through every step of the mortgage process, making them a trusted choice for homebuyers in the region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its efficient loan processing, community-focused initiatives, and wide range of mortgage products. Serving Rives and surrounding areas, they boast excellent customer reviews for their transparency and support. With over 16 years in the industry, they combine technology with personal service to offer competitive rates and a seamless experience, making them a popular choice for Tennessee homebuyers.
Loan Types:
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a reputable lender with a strong regional presence in Tennessee, including service to Rives. Known for their innovative technology and customer-centric approach, they offer competitive rates and a variety of loan options. With 16 years of experience, they have built a track record of reliability and efficiency, earning high marks for their professional service and ability to handle diverse mortgage needs.
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Frequently Asked Questions
Common questions about mortgage lending in Rives, TN
What are the typical down payment requirements for homes in Rives, TN, given the local market?
In Rives and the surrounding Gibson County area, many homes are priced below state averages, which can make lower down payment options more accessible. Conventional loans often require 5-10% down, while FHA loans with 3.5% down are common for first-time buyers. Local lenders are familiar with appraisals in this rural market, which helps streamline the process.
Are there any special mortgage or down payment assistance programs for buyers in Rives?
Yes, Tennessee Housing Development Agency (THDA) programs like Great Choice Home Loan and Great Choice Plus down payment assistance are widely used in Rives. These programs offer competitive interest rates and can provide thousands in assistance, which is particularly helpful given the area's moderate income levels. A local mortgage broker can help you determine your eligibility.
How do property taxes in Gibson County impact my monthly mortgage payment in Rives?
Gibson County has relatively low property tax rates compared to urban areas in Tennessee. Your lender will escrow these taxes, and the annual cost is typically a few hundred dollars, adding only a modest amount to your monthly payment. It's important to get an accurate estimate from your lender, as rates can vary slightly between incorporated and unincorporated areas.
What should I know about getting a mortgage for a manufactured or mobile home in Rives?
Financing for manufactured homes in Rives is common but has specific requirements. The home must be on a permanent foundation and titled as real estate, not personal property. Local lenders and credit unions with experience in rural Tennessee are often the best sources for these loans, which may be through FHA, VA, or USDA Rural Development programs.
Does Rives qualify for USDA Rural Development home loans, and what are the benefits?
Yes, Rives is located in an area that typically qualifies for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers. This is a major advantage for buyers in this community. Income limits apply, but they are generous for the area, making this a popular option for first-time and moderate-income homebuyers in Rives.
Why Choose a Mortgage Lender in Rives?
Local Market Knowledge
Lenders who understand Rives'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 Rives and get competitive rates on your home loan.