The Best Mortgage Lenders in Rogersville, TN
Compare verified mortgage lenders serving Rogersville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rogersville
Featured Mortgage Lenders
Eastman Credit Union
Eastman Credit Union
Eastman Credit Union is a highly respected member-owned financial institution with a strong presence in East Tennessee, including Rogersville. With nearly nine decades of service, ECU is renowned for its exceptional customer satisfaction, competitive mortgage rates, and personalized service. They offer a comprehensive range of loan options and are deeply involved in the local community, making them a top choice for homebuyers seeking reliability and trustworthiness.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a nationally recognized lender with a strong local footprint in the Rogersville area. Founded in 1996, it boasts high ratings for its efficient processing, competitive rates, and extensive loan products. Their team of experienced professionals provides personalized guidance, ensuring a smooth mortgage experience, and they have a reputation for excellent customer service and quick closings.
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Movement Mortgage
Movement Mortgage, LLC
Top-rated mortgage lender serving Rogersville, Tennessee.
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Frequently Asked Questions
Common questions about mortgage lending in Rogersville, TN
Are there any down payment assistance programs specifically for homebuyers in Rogersville, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Rogersville. This program provides competitive interest rates and down payment assistance in the form of a second mortgage, which can be a grant or a forgivable loan. Local lenders in Hawkins County are well-versed in these programs and can help you determine your eligibility based on income and the purchase price of the home.
How do property taxes in Hawkins County affect my mortgage payments in Rogersville?
Hawkins County has a relatively low property tax rate compared to national averages, which can make homeownership more affordable. For the 2023 tax year, the rate is approximately $2.48 per $100 of assessed value. Your lender will calculate an estimated monthly escrow payment for these taxes, which will be included in your total mortgage payment, ensuring you don't face a large annual bill.
What types of properties in Rogersville might require special mortgage considerations?
Rogersville and the surrounding rural areas of Hawkins County feature many older, historic homes and properties with larger acreage. Financing these may require a specialized appraisal to ensure the property meets lending standards. For homes on well and septic systems, which are common outside the town center, lenders will typically require water quality and septic inspections as a condition of the loan.
What is the typical timeline for mortgage approval and closing with local lenders in Rogersville?
Working with a local bank or credit union in Rogersville, such as Citizens Bank or Eastman Credit Union, can often streamline the process due to their familiarity with area appraisers and title companies. From application to closing, you can typically expect a timeline of 30 to 45 days, provided your documentation is in order. This local expertise helps avoid delays common with out-of-area lenders unfamiliar with the rural market.
Are USDA loans a viable option for buying a home in Rogersville, TN?
Absolutely. Given Rogersville's location, many properties in the surrounding areas qualify for USDA Rural Development loans, which offer 100% financing (no down payment). The entire county of Hawkins is eligible for USDA loans, making this an excellent option for eligible buyers seeking to purchase in the more rural parts of the community, as long as they meet the income and credit requirements.
Nearby Cities
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Why Choose a Mortgage Lender in Rogersville?
Local Market Knowledge
Lenders who understand Rogersville'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 Rogersville and get competitive rates on your home loan.