The Best Mortgage Lenders in Taft, TN
Compare verified mortgage lenders serving Taft, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Taft
Featured Mortgage Lenders
Mark L. Cook
Churchill Mortgage
Churchill Mortgage has been serving Middle Tennessee for over 30 years with Mark Cook leading the Columbia branch. They specialize in rural and suburban home financing with exceptional expertise in USDA loans, which are particularly relevant for Taft area residents. With hundreds of 5-star reviews highlighting their personalized service and competitive rates, they're a top choice for Lincoln County homebuyers seeking reliable mortgage solutions with local expertise.
Loan Types:
Kevin Corder
Movement Mortgage
Movement Mortgage has built a strong reputation throughout Middle Tennessee with Kevin Corder providing exceptional service to Lincoln County residents. They're known for their efficient closing process and competitive rates, with particular strength in first-time homebuyer programs and government-backed loans. Their local expertise in rural communities like Taft combined with national lending power makes them a preferred choice for area homebuyers seeking reliable mortgage solutions.
Loan Types:
Ascend Federal Credit Union
Ascend Federal Credit Union
As one of Middle Tennessee's largest credit unions, Ascend has deep roots in the Columbia area and serves Lincoln County residents including Taft. They offer competitive mortgage rates for members with various loan options including specialized rural housing programs. Their not-for-profit structure often results in lower fees and better terms, while their local branch presence provides personalized service that national banks can't match. With over 70 years serving the community, they understand the unique needs of rural Tennessee homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Taft, TN
What are the typical down payment requirements for homes in Taft, TN, given its more rural setting?
In Taft, many homes are priced below state and national averages, which can make lower down payment programs very accessible. You may qualify for a conventional loan with as little as 3% down or an FHA loan with 3.5% down. Local lenders are familiar with appraising properties in the area, which helps streamline the process for these affordable entry points.
Are there any local or state down payment assistance programs particularly useful for Taft homebuyers?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Plus program, which is highly relevant for Taft buyers. This program provides a competitive interest rate and down payment assistance in the form of a second, forgivable loan, which can be a significant benefit for first-time and repeat buyers in this market.
How does the lack of a formal city government in Taft (it's an unincorporated community) affect the mortgage and closing process?
As an unincorporated community of Coffee County, property taxes are paid to the county, and services are provided by the county or utility districts. Your lender will ensure the title search and insurance properly reflect this, and you'll work with the Coffee County Trustee's office. This structure is very common for lenders in the area and doesn't typically cause delays.
What should I know about getting a USDA loan in Taft, TN?
Taft's rural designation makes most of the area eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a popular and advantageous option here. A local lender can confirm the specific property's eligibility using the USDA website and guide you through its income qualification requirements.
Are mortgage rates in Taft different from those in larger Tennessee cities like Nashville or Chattanooga?
Mortgage rates are generally set by national markets and your personal credit profile, not your specific town. However, working with a local lender or credit union based in Manchester or Tullahoma that serves Coffee County can provide more personalized service and potentially better access to state-specific programs like THDA, which can offer competitive rates.
Why Choose a Mortgage Lender in Taft?
Local Market Knowledge
Lenders who understand Taft'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 Taft and get competitive rates on your home loan.