The Best Mortgage Lenders in Selmer, TN
Compare verified mortgage lenders serving Selmer, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Selmer
Featured Mortgage Lenders
Mortgage Department
First Horizon Bank
First Horizon Bank stands as one of Tennessee's most established and highly-rated mortgage lenders with deep roots across the state. While based in Jackson, they actively serve Selmer and all of McNairy County with personalized mortgage solutions. Their exceptional 4.8 rating reflects decades of reliable service, competitive rates, and strong community presence. As a regional banking powerhouse, they offer the full spectrum of loan products with the personalized attention of a local lender, making them a top choice for Selmer homebuyers seeking both expertise and local understanding.
Loan Types:
Mortgage Services
Patriot Bank
Patriot Bank has built an outstanding reputation across West Tennessee as a community-focused mortgage lender that consistently delivers exceptional service to Selmer residents. With a 4.7 rating and over two decades of experience, they specialize in making the mortgage process straightforward and stress-free. Their team understands the unique needs of rural and small-town homebuyers in McNairy County, offering specialized USDA and FHA loans perfect for the Selmer market. Their local decision-making and personalized approach make them a preferred choice for first-time buyers and seasoned homeowners alike.
Loan Types:
Mortgage Division
Churchill Mortgage
Churchill Mortgage maintains an exceptional 4.9 rating and three decades of mortgage expertise serving communities across Tennessee, including Selmer. While headquartered in Brentwood, they have a strong statewide presence with loan officers dedicated to serving rural Tennessee markets. Known for their educational approach and transparent process, they excel at guiding borrowers through every step of home financing. Their specialization in government-backed loans (FHA, VA, USDA) makes them particularly well-suited for Selmer's housing market, and their commitment to responsible lending has earned them numerous industry awards and thousands of satisfied customers statewide.
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Frequently Asked Questions
Common questions about mortgage lending in Selmer, TN
What are typical mortgage rates for homebuyers in Selmer, TN?
Mortgage rates in Selmer are generally aligned with national averages, but local lenders may offer competitive terms. As a rural area in McNairy County, borrowers with strong credit can often secure favorable conventional loan rates. It's advisable to compare offers from local community banks and credit unions, which are prominent in the area, alongside larger national lenders.
Are there any down payment assistance programs specifically for Selmer or McNairy County?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Plus program, which provides down payment assistance for eligible buyers in Selmer. This is a second mortgage loan that can be combined with a THDA Great Choice first mortgage. Additionally, some local lenders may have their own assistance programs or grants for first-time homebuyers in the county.
How does Selmer's rural location and property types affect the mortgage process?
As a rural town, many properties in and around Selmer are on larger lots or may use well and septic systems. Lenders will typically require specific water and septic inspections as part of the appraisal process. For homes on larger acreage, ensure the loan product (like a conventional loan) accommodates the property type, as some government loans have restrictions on "non-income producing" land size.
What local lenders in Selmer should I consider for a mortgage?
Selmer has several strong local lending options, including community banks like First State Bank of Decatur and McNairy County Bank, which have deep roots in the area and understand the local market. These institutions often provide personalized service and may be more flexible in underwriting for unique local properties compared to larger out-of-town banks.
Are USDA Rural Development loans a good option for buying a home in Selmer?
Absolutely. Selmer and most of McNairy County qualify for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is a highly relevant program for the area, making homeownership more accessible. Income limits apply, but they are generous for the county's median income levels.
Nearby Cities
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Why Choose a Mortgage Lender in Selmer?
Local Market Knowledge
Lenders who understand Selmer'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 Selmer and get competitive rates on your home loan.