The Best Mortgage Lenders in Smartt, TN
Compare verified mortgage lenders serving Smartt, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Smartt
Featured Mortgage Lenders
Century 1st Bank Mortgage Team
Century 1st Bank
Century 1st Bank has been serving Middle Tennessee communities including Warren County for over two decades with exceptional local mortgage services. As a community-focused bank with deep roots in the region, they offer personalized service and competitive rates specifically tailored to rural and semi-rural areas like Smartt. Their mortgage team is known for handling unique property situations common in the area and providing hands-on guidance throughout the entire loan process. With extensive experience in USDA rural development loans that benefit Smartt residents, they maintain strong relationships with local real estate professionals and offer flexible underwriting that understands the local market dynamics.
Loan Types:
First Community Mortgage
First Community Mortgage of Tennessee
First Community Mortgage has been a trusted regional lender serving the entire Middle Tennessee area including Warren County for three decades. They specialize in serving both urban and rural communities with particular expertise in areas like Smartt where they understand the unique property valuation challenges. Their local loan officers have deep knowledge of the Coffee County and Warren County markets, offering competitive rates and streamlined processing. They are particularly strong in construction loans and renovation financing, which is valuable for Smartt residents looking to build or improve properties. The company maintains an excellent reputation for responsive communication and closing loans on time.
Loan Types:
FirstBank Mortgage Division
FirstBank
FirstBank's McMinnville location provides direct mortgage services to Warren County residents in Smartt and surrounding areas. As one of the largest Tennessee-based banks with a strong community presence, they offer the stability of a substantial financial institution combined with local decision-making. Their mortgage team has particular expertise with rural properties and agricultural land considerations common in the Smartt area. They are known for their competitive conventional loan rates and excellent customer service throughout the loan process. FirstBank maintains local underwriting authority, which allows for faster approvals and more personalized consideration of unique financial situations that might be challenging for national lenders.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Smartt, TN
What are the typical down payment requirements for homes in Smartt, TN, given its rural setting?
In Smartt and surrounding Warren County, many lenders offer USDA Rural Development loans, which require **0% down payment** for eligible borrowers and properties. This is a major advantage for buyers in this area, as conventional loans typically require 3-5% down. Property eligibility is widespread in Smartt, making this a key program for local buyers.
Are there any first-time homebuyer assistance programs specifically for Warren County or Smartt residents?
Yes, the Tennessee Housing Development Agency (THDA) offers the **Great Choice Home Loan** program, which provides competitive fixed-rate mortgages and down payment assistance grants to eligible first-time buyers statewide. This program is actively used in Smartt, and local lenders can help you determine if you meet the income and purchase price limits for the area.
How do property taxes in Warren County affect my monthly mortgage payment in Smartt?
Warren County has relatively low property tax rates compared to urban areas in Tennessee. The 2023 rate was approximately **$2.48 per $100 of assessed value**, with assessed value being 25% of the appraised value. This means your escrow payment for taxes will be modest, helping to keep your total monthly mortgage payment affordable on typically lower-priced homes.
What should I know about well and septic inspections when getting a mortgage for a home in Smartt?
Since many homes in Smartt are not on city water and sewer, lenders will require a **potability test for wells and a satisfactory inspection/permit for septic systems** as a standard condition for loan approval. You must budget for these inspections during your due diligence period, and any major issues must be repaired for the loan to close.
How does the appraisal process work for a manufactured or modular home on land in Smartt?
Appraising manufactured homes permanently affixed to owned land in Smartt requires an appraiser with specific expertise. Lenders will order a **land-home appraisal** that treats the property as real estate. The home must have a HUD data plate, be on a permanent foundation, and have the title converted to real property to qualify for most standard mortgage programs.
Why Choose a Mortgage Lender in Smartt?
Local Market Knowledge
Lenders who understand Smartt'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 Smartt and get competitive rates on your home loan.