The Best Mortgage Lenders in Silerton, TN
Compare verified mortgage lenders serving Silerton, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Silerton
Featured Mortgage Lenders
Orion Federal Credit Union
Orion Federal Credit Union
Orion Federal Credit Union is one of the highest-rated mortgage lenders serving West Tennessee, including the Silerton area. With nearly 70 years of experience, they offer personalized service and competitive rates. Their mortgage team specializes in rural and suburban home financing with expertise in USDA loans that are particularly beneficial for Silerton residents. They have exceptional customer satisfaction ratings and provide local decision-making with a community-focused approach.
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First Horizon Bank
First Horizon Bank
First Horizon Bank has deep roots in Tennessee with over 150 years of serving communities across the state. They maintain a strong presence throughout West Tennessee and offer comprehensive mortgage services to Silerton residents. Their experienced loan officers provide competitive rates and flexible terms, with particular strength in first-time homebuyer programs and construction loans. The bank's longstanding community commitment and extensive branch network make them a reliable choice for Silerton area mortgages.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage has built an outstanding reputation across Tennessee with three decades of mortgage lending experience. Their Jackson, TN office serves the Silerton area with exceptional customer service and competitive loan products. Specializing in both purchase and refinance mortgages, they are particularly noted for their educational approach to the home buying process and strong performance with USDA rural development loans. Their high customer satisfaction ratings and personalized service make them a top choice for Silerton residents.
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Frequently Asked Questions
Common questions about mortgage lending in Silerton, TN
What are the current average mortgage rates for homebuyers in Silerton, TN, and how do they compare to state averages?
Mortgage rates in Silerton typically align closely with Tennessee state averages, which are often slightly below national rates due to the state's lower cost of living. As of recent trends, you can expect conventional 30-year fixed rates to be competitive. It's advisable to check with local lenders like First Citizens Bank or local credit unions, as they may offer special promotions or have insights into Silerton-specific rate factors.
Are there any down payment assistance programs specifically for Silerton or Hardeman County first-time homebuyers?
Yes, first-time homebuyers in Silerton can access the Tennessee Housing Development Agency (THDA) Great Choice Home Loan program, which offers competitive rates and down payment assistance. Additionally, the Hardeman County Community Development office may have local grants or programs aimed at promoting homeownership. Consulting with a THDA-approved lender in the area is the best first step to determine your eligibility.
How does Silerton's rural location and property types affect the mortgage appraisal process?
Due to Silerton's rural setting in Hardeman County, appraisals can be more complex as comparable home sales ("comps") may be fewer and farther between than in urban areas. This can sometimes lead to longer processing times or the need for appraisers with specific local knowledge. Lenders familiar with the area will understand how to properly value properties, including potential acreage or unique rural features.
What should I know about property taxes and homeowners insurance when budgeting for a mortgage in Silerton?
Hardeman County property taxes are relatively low, which is a positive factor for your monthly mortgage payment. However, homeowners insurance can be a significant consideration; due to Silerton's location, insurers may factor in the distance to fire hydrants and fire stations, which can affect premiums. Your lender will help you estimate these costs accurately for your escrow account.
Are USDA Rural Development loans a common and viable option for mortgages in Silerton, TN?
Absolutely. Given Silerton's designation as a rural area, USDA loans are an extremely popular and viable mortgage option here. These loans offer 100% financing (no down payment) for eligible borrowers and properties that meet USDA criteria. Many homes in and around Silerton qualify, making this a key program for buyers looking to purchase in this community.
Why Choose a Mortgage Lender in Silerton?
Local Market Knowledge
Lenders who understand Silerton'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 Silerton and get competitive rates on your home loan.