The Best Mortgage Lenders in Stewart, TN
Compare verified mortgage lenders serving Stewart, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stewart
Featured Mortgage Lenders
Mortgage Investors Group
Mortgage Investors Group
Mortgage Investors Group is one of Tennessee's most established and highly-rated mortgage lenders with a strong presence in Middle Tennessee. They specialize in serving rural communities like Stewart and have extensive experience with USDA loans, which are particularly relevant for the Stewart area. With over three decades of operation, they've built a reputation for competitive rates and personalized service, earning numerous industry awards and maintaining exceptional customer satisfaction ratings. Their Clarksville location serves as a regional hub for customers throughout Montgomery, Stewart, and surrounding counties.
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Renasant Bank
Renasant Bank Mortgage Division
Renasant Bank has deep roots in Tennessee banking with over a century of service to communities throughout the state. Their mortgage division offers comprehensive lending services with particular strength in rural and community-focused lending, making them an excellent choice for Stewart residents. As a full-service regional bank, they provide the stability of an established financial institution combined with local decision-making and personalized service. Their extensive branch network throughout Tennessee ensures consistent service and support for mortgage customers in Stewart and surrounding areas.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage is a Tennessee-based mortgage lender with a strong statewide presence and national recognition for exceptional customer service. Founded in Brentwood, they have extensive experience serving rural Tennessee communities like Stewart while offering the resources of a larger mortgage company. They're particularly noted for their educational approach to mortgage lending and commitment to ensuring borrowers understand their options completely. With multiple awards for customer satisfaction and three decades of stable operation, they provide reliable mortgage services with competitive rates for Stewart area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Stewart, TN
What are the typical down payment requirements for a mortgage in Stewart, TN, given its rural market?
In Stewart's more affordable rural market, many conventional loans can be secured with a 5% down payment, and FHA loans with just 3.5% down are common. Local lenders are familiar with appraising properties in the area, which helps streamline the process. For qualifying buyers, USDA loans offer a significant advantage with 0% down, as much of Stewart and Houston County is eligible for this rural development program.
Are there any Tennessee-specific first-time homebuyer programs accessible in Stewart?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Stewart. This program provides competitive 30-year fixed-rate mortgages, down payment assistance, and forgivable second mortgages for eligible first-time buyers. Working with a THDA-approved lender in the area is key to accessing these benefits, which can make homeownership more attainable in Stewart's market.
How does the appraisal process work for unique or older properties in Stewart?
Given Stewart's historic homes and rural properties with land, appraisals require local expertise. Lenders will use appraisers familiar with the Houston County area who can properly value characteristics like acreage, outbuildings, or older home features. It's important to be prepared for a potentially longer process and to provide any documentation on well and septic systems, which are common in this non-municipal area.
What type of mortgage rates can homebuyers expect in Stewart compared to the national average?
Mortgage rates in Stewart generally align with national averages, but your specific rate will depend heavily on your credit profile and loan type. Local community banks and credit unions, such as those based in nearby Erin or Dover, may sometimes offer very competitive rates and personalized service. It's advisable to get quotes from both local institutions and larger lenders to find the best deal for your situation.
What should I know about property taxes and insurance when calculating my mortgage payment in Stewart?
Houston County, where Stewart is located, has relatively low property tax rates, which is a benefit for your monthly payment. However, you should budget for higher homeowner's insurance premiums if your property includes significant acreage, a farm, or is far from a fire hydrant/station, as this affects fire protection ratings. Your lender will help you set up an escrow account to manage these payments as part of your monthly mortgage.
Why Choose a Mortgage Lender in Stewart?
Local Market Knowledge
Lenders who understand Stewart'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 Stewart and get competitive rates on your home loan.