The Best Mortgage Lenders in Rutherford, TN
Compare verified mortgage lenders serving Rutherford, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rutherford
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly regarded lender with a strong local presence in Middle Tennessee, including Rutherford County. Founded in 1996, they have built a reputation for competitive rates, exceptional customer service, and a wide range of loan options. With hundreds of positive reviews highlighting their efficient processing, personalized guidance, and community involvement, they are a top choice for homebuyers in the area. Their experienced loan officers provide tailored solutions for first-time buyers, investors, and refinancing needs.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a robust presence in Tennessee, serving Rutherford and surrounding areas. Established in 2000, they are known for their innovative online platform, competitive pricing, and high customer satisfaction scores. Their local team offers expertise in various loan types, including first-time homebuyer programs and jumbo loans, with a focus on transparency and speed. Positive reviews often praise their responsive communication and seamless digital experience, making them a reliable option for borrowers.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a well-established lender with deep roots in the Rutherford County community, known for its commitment to local service and customer care. Founded in 2008, they specialize in a broad array of loan products and are praised for their quick closing times and personalized approach. Their dedication to community outreach and high ethical standards has earned them strong reviews for reliability and support throughout the homebuying process. Borrowers appreciate their accessibility and expertise, particularly for USDA and VA loans in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Rutherford, TN
Are there any special first-time homebuyer programs available in Rutherford, TN?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Rutherford. This program provides competitive fixed-rate mortgages, down payment assistance, and flexible credit guidelines, making it an excellent option for first-time buyers in this market. Many local lenders in the area are approved THDA partners.
How do property taxes in Rutherford, TN, affect my monthly mortgage payment?
Rutherford, located in Gibson County, has relatively low property tax rates compared to national averages, which helps keep escrow payments manageable. For 2023, the county rate is approximately $2.96 per $100 of assessed value. Your lender will calculate this into your monthly payment, but it's a favorable factor for overall housing affordability in the area.
What type of property insurance considerations are unique to mortgages in Rutherford?
While Rutherford is not in a high-risk flood zone, lenders will still require standard homeowners insurance. A key local consideration is ensuring your policy adequately covers risks common to rural West Tennessee, such as wind/hail damage and potential sewer backup. Your lender can recommend local insurance agents familiar with area-specific coverage needs.
How does the appraisal process work for a home in a small town like Rutherford?
Appraisals in Rutherford can sometimes be challenging due to fewer recent comparable sales ("comps") in the immediate area. Appraisers may need to look at properties in nearby towns like Trenton or Dyer. Working with a local lender who understands the market can help ensure the appraiser has proper context for the home's value in this specific rural setting.
Are USDA Rural Development loans a viable option for mortgages in Rutherford, TN?
Absolutely. Rutherford qualifies for USDA Rural Development loans, which offer 100% financing with no down payment—a significant advantage in this market. Given Rutherford's population and location, many homes and borrowers meet the eligibility requirements, making this a popular and practical loan program for qualified buyers in the area.
Nearby Cities
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Why Choose a Mortgage Lender in Rutherford?
Local Market Knowledge
Lenders who understand Rutherford'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 Rutherford and get competitive rates on your home loan.