The Best Mortgage Lenders in Shiloh, TN
Compare verified mortgage lenders serving Shiloh, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Shiloh
Featured Mortgage Lenders
First Horizon Bank Mortgage
First Horizon Bank
First Horizon Bank stands as one of the most established and respected regional banking institutions serving the Shiloh area through their extensive West Tennessee network. With deep roots in the region dating back over 150 years, they offer comprehensive mortgage solutions including specialized VA loans that are particularly relevant for military families near Fort Campbell. Their local mortgage specialists understand Tennessee's unique housing market and provide personalized service with competitive rates. The bank maintains an excellent reputation for reliable underwriting and smooth closing processes, backed by their strong community presence and long-standing commitment to Tennessee homeowners.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage has built an exceptional reputation across Tennessee as a premier mortgage lender known for their educational approach and transparent process. Founded by industry veteran Mike Hardwick, the company specializes in helping borrowers understand all available options while providing competitive rates and exceptional customer service. They serve the entire state of Tennessee including Shiloh, with particular expertise in conventional and government-backed loans. Churchill is consistently rated among the top mortgage lenders in the region for their reliability, communication throughout the loan process, and commitment to ensuring clients make informed home financing decisions.
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Orion Federal Credit Union Mortgage
Orion Federal Credit Union
Orion Federal Credit Union provides exceptional mortgage lending services to the Shiloh community through their strong Memphis-area presence. As a member-owned financial institution, they offer highly competitive rates and personalized service that often outperforms larger banks. Their mortgage team specializes in first-time homebuyer programs and offers flexible qualification standards that benefit many borrowers. Orion has built a strong reputation for their local decision-making capabilities, community-focused approach, and commitment to helping members achieve homeownership with favorable terms. They provide comprehensive mortgage solutions with the added benefit of local underwriting and processing.
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Frequently Asked Questions
Common questions about mortgage lending in Shiloh, TN
Are there any first-time homebuyer assistance programs specific to Shiloh, TN?
While Shiloh itself does not have a city-specific program, Tennessee offers the Great Choice Home Loan program statewide, which provides competitive rates and down payment assistance. As a resident of Montgomery County, you can also explore the Tennessee Housing Development Agency (THDA) programs, which are widely used by local lenders in the Clarksville area to help buyers in Shiloh.
How do property taxes in Montgomery County affect my mortgage payments in Shiloh?
Montgomery County has a relatively moderate property tax rate, which is beneficial for your overall monthly payment. For 2023, the rate is $2.97 per $100 of assessed value. Your lender will include an estimate of these taxes in your monthly escrow payment, and it's wise to budget for potential increases as property values in the growing Shiloh area appreciate.
What is the typical down payment needed for a home in Shiloh's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Shiloh utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially with the area's attractive pricing for new construction. Local lenders are familiar with the mix of rural and suburban properties and can guide you on the best option for your situation.
Does living near Fort Campbell impact mortgage options or requirements in Shiloh?
Yes, absolutely. Shiloh's proximity to Fort Campbell means many local lenders are highly experienced with VA loans. If you are a veteran, active-duty service member, or eligible spouse, you can likely secure a VA loan with no down payment and no PMI, which is a major advantage in this market. Lenders here are adept at navigating VA appraisals and specific military-related circumstances.
How does Shiloh's location within a USDA-eligible area benefit homebuyers?
Most of Shiloh is classified as a rural area by the USDA, making many homes eligible for USDA Rural Development loans. This is a significant benefit, as these loans offer 100% financing (no down payment) with competitive interest rates for low-to-moderate income buyers, making homeownership more accessible in this community.
Why Choose a Mortgage Lender in Shiloh?
Local Market Knowledge
Lenders who understand Shiloh'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 Shiloh and get competitive rates on your home loan.