The Best Mortgage Lenders in Springfield, TN
Compare verified mortgage lenders serving Springfield, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Springfield
Featured Mortgage Lenders
Pinnacle Financial Partners
Pinnacle Financial Partners
Pinnacle Financial Partners is a highly-rated regional bank with a strong presence in Middle Tennessee, including Springfield. Founded in 2000, they have built a reputation for exceptional customer service, competitive mortgage rates, and personalized loan solutions. With over 24 years of experience, their team of local experts specializes in various loan types, making them a top choice for homebuyers in Robertson County. They are known for their community involvement and efficient processing, earning high marks from customers for transparency and reliability.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a nationally recognized lender with a robust local footprint in the Nashville area, serving Springfield homebuyers effectively. Established in 1996, they boast 28 years of experience and are praised for their knowledgeable loan officers, fast closings, and wide array of mortgage products. Customers consistently highlight their responsive service and ability to handle complex scenarios, making them a trusted option for competitive rates and first-time homebuyer assistance in Robertson County.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender with a significant presence in Tennessee, including the Springfield area. Founded in 2003, they have over 21 years of experience and are renowned for their diverse loan programs and commitment to customer satisfaction. They offer competitive rates and specialize in helping underserved communities, with accolades for their efficient online tools and supportive loan officers. Their strong review record and dedication to personalized service make them a reliable choice for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Springfield, TN
What are the current mortgage rates like in Springfield, TN, and how do they compare to the national average?
Mortgage rates in Springfield typically align closely with national averages, but local lenders may offer competitive rates due to the community-focused banking environment. As of recent trends, rates in Robertson County are often slightly favorable compared to larger metropolitan areas like Nashville, but it's essential to get quotes from multiple local credit unions and community banks for the best deal.
Are there any first-time homebuyer programs or down payment assistance specific to Springfield or Robertson County?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used by Springfield homebuyers and includes down payment assistance. Additionally, local lenders often have knowledge of regional grants or programs tailored for Robertson County residents, making homeownership more accessible in Springfield's growing market.
How does Springfield's proximity to Nashville affect mortgage lending and home appraisals?
Springfield's status as a Nashville commuter town can positively influence appraisals, as demand for housing remains strong due to the relative affordability compared to Davidson County. Lenders are familiar with this dynamic and may view properties favorably, but they also consider local factors like Springfield's own economic growth and property tax rates when underwriting loans.
What should I know about property taxes and insurance when getting a mortgage in Springfield, TN?
Robertson County property taxes are generally lower than in neighboring Metro Nashville, which can make your overall monthly mortgage payment more affordable. However, it's important to factor in potential fluctuations, as Springfield's growth may impact future tax rates. Lenders will require homeowners insurance, and rates in Springfield are typically moderate due to a lower risk of natural disasters compared to other regions.
Are there specific loan programs or considerations for buying historic homes in Springfield's downtown area?
Yes, purchasing a historic home in Springfield's charming downtown may qualify for specialized loan products or renovation loans like the FHA 203(k), which local lenders are experienced with. It's crucial to work with an appraiser familiar with historic properties in Robertson County, as their unique features and preservation requirements can affect the loan process and valuation.
Nearby Cities
Explore mortgage lenders in cities near Springfield, TN
Why Choose a Mortgage Lender in Springfield?
Local Market Knowledge
Lenders who understand Springfield'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 Springfield and get competitive rates on your home loan.