The Best Mortgage Lenders in Sevierville, TN
Compare verified mortgage lenders serving Sevierville, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sevierville
Featured Mortgage Lenders
Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage has established itself as one of East Tennessee's most trusted mortgage lenders with over three decades of service. Founded by industry veteran Mike Hardwick, the company maintains exceptional customer satisfaction ratings and specializes in various loan programs including first-time homebuyer assistance. Their Sevierville-area team has extensive experience with Smoky Mountains property financing and offers personalized service with competitive rates. The company is known for its educational approach to mortgage lending and strong community involvement throughout the Gatlinburg-Pigeon Forge-Sevierville corridor.
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HomeTrust Mortgage
HomeTrust Bank Mortgage Division
HomeTrust Bank has been serving East Tennessee communities for nearly a century with a strong mortgage division that specifically serves the Sevierville market. As a regional bank with deep roots in the area, they offer competitive rates and local underwriting expertise that understands the unique aspects of Sevier County real estate. Their mortgage team provides personalized service with quick turnaround times and specializes in both primary residence and vacation property financing in the Smoky Mountains region. The bank consistently receives high marks for customer service and loan processing efficiency.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Knoxville
Fairway Independent Mortgage has built an outstanding reputation in the Sevierville area with one of the highest customer satisfaction ratings in the industry. Their local Knoxville-based team actively serves Sevier County homebuyers with expertise in mountain property financing and vacation home loans. Known for their efficient processing and competitive rates, they offer a comprehensive range of loan products with particular strength in first-time homebuyer programs and refinancing. The company has received numerous industry awards and maintains strong relationships with local real estate professionals throughout the Smoky Mountains region.
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Frequently Asked Questions
Common questions about mortgage lending in Sevierville, TN
Are there any special mortgage considerations for buying a cabin or vacation rental property in Sevierville?
Yes, financing a non-primary residence in Sevierville has unique requirements. Lenders often require larger down payments (20-30%) and have stricter debt-to-income ratios for investment or vacation properties. You'll also need to provide documented rental income projections if you plan to use the property as a short-term rental, which is common in the area near Pigeon Forge and Gatlinburg.
What local down payment assistance programs are available for first-time homebuyers in Sevierville?
The Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Sevierville. This program provides competitive interest rates and down payment assistance in the form of a second mortgage that can be forgiven over time. Additionally, some local lenders may have specific grants or programs for Sevier County teachers, healthcare workers, or other community employees.
How does Sevierville's tourism economy affect mortgage lending and property appraisals?
The strong tourism sector can influence appraisals, especially for properties with rental income potential. Appraisers may use comparable sales that consider rental history, which can benefit your loan-to-value ratio. However, lenders will carefully scrutinize income from short-term rentals, often requiring a two-year history if you're using it to qualify, which is a key local consideration.
What are typical closing costs for a mortgage in Sevierville, TN?
Closing costs in Sevierville typically range from 2% to 5% of the loan amount. These include standard fees like origination charges, title insurance, and recording fees specific to Sevier County. Be aware that properties in certain areas may require additional inspections, such as for septic systems or mountain terrain stability, which can add to closing costs.
Are USDA loans a viable option for homebuyers in Sevierville given its location?
Absolutely. While Sevierville itself is a designated city, much of the surrounding Sevier County is eligible for USDA Rural Development loans, which offer 100% financing. Many neighborhoods just outside the city limits qualify, making this a popular and affordable option for buyers who don't need to be in the immediate urban core, especially for those purchasing single-family homes.
Nearby Cities
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Why Choose a Mortgage Lender in Sevierville?
Local Market Knowledge
Lenders who understand Sevierville'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 Sevierville and get competitive rates on your home loan.