The Best Mortgage Lenders in Rossville, TN
Compare verified mortgage lenders serving Rossville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rossville
Featured Mortgage Lenders
Mortgage Investors Group
Mortgage Investors Group
Mortgage Investors Group is one of the highest-rated mortgage lenders in the Memphis metropolitan area serving Rossville and surrounding communities. With over 30 years of experience, they specialize in first-time homebuyer programs, VA loans, and conventional mortgages. They maintain exceptional customer satisfaction ratings and offer personalized service through their local Memphis office. Their team understands the unique needs of Tennessee homebuyers and provides competitive rates with various loan options.
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First Horizon Bank
First Horizon Bank
First Horizon Bank has deep roots in Tennessee with a strong presence throughout the Memphis metropolitan area including Rossville. As one of the largest regional banks in the Southeast, they offer comprehensive mortgage services with competitive rates and local decision-making. Their mortgage specialists provide personalized guidance through the entire home buying process, and they have extensive experience with both conventional and government-backed loans. Their long-standing community presence and commitment to customer service make them a trusted choice.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation maintains a highly-rated Memphis branch that serves Rossville and the surrounding region. They are consistently ranked among the top mortgage lenders nationally for customer satisfaction and offer a wide range of loan products with competitive rates. Their local loan officers provide personalized service and have extensive knowledge of the West Tennessee real estate market. They specialize in streamlined digital mortgage processes while maintaining the personal touch of local underwriting and decision-making.
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Frequently Asked Questions
Common questions about mortgage lending in Rossville, TN
What are the typical down payment requirements for homes in Rossville, TN, given its rural setting?
For most conventional loans in Rossville, a 5-10% down payment is common, but USDA loans are a highly relevant option here. Since Rossville is in a designated rural area, eligible buyers can purchase with 0% down through the USDA Rural Development loan program, which is a major advantage for the local market.
Are there any first-time homebuyer assistance programs specific to Fayette County or Rossville?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which provides competitive interest rates and down payment assistance to eligible first-time buyers statewide, including in Rossville. Additionally, it's worth checking with local lenders about any Fayette County-specific grants or programs for closing cost help.
How do property taxes in Rossville, TN, impact my monthly mortgage payment?
Fayette County property taxes are relatively low compared to national averages, which helps keep your total monthly mortgage payment (PITI) more affordable. For a typical home in Rossville, the annual property tax rate is approximately 0.73% of the assessed value, which lenders will factor into your escrow calculation.
What type of property insurance considerations are unique to getting a mortgage in Rossville?
Due to Rossville's location, lenders will require standard homeowners insurance, but it's also important to consider flood insurance. While not in a high-risk flood zone universally, some properties near the Wolf River or in low-lying areas may require a separate flood policy, which your lender will mandate based on the official FEMA flood maps.
How does the appraisal process work for a mortgage on Rossville's mix of older homes and newer construction?
Appraisals in Rossville must account for a varied housing stock, from historic homes to newer subdivisions. For older homes, appraisers will pay close attention to the condition of major systems (roof, foundation, HVAC) and any needed repairs that could affect loan approval. For new builds, the appraisal will compare it to similar recent sales in Fayette County to establish value.
Nearby Cities
Explore mortgage lenders in cities near Rossville, TN
Why Choose a Mortgage Lender in Rossville?
Local Market Knowledge
Lenders who understand Rossville'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 Rossville and get competitive rates on your home loan.