The Best Mortgage Lenders in Telford, TN
Compare verified mortgage lenders serving Telford, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Telford
Featured Mortgage Lenders
ETSU Federal Credit Union
ETSU Federal Credit Union
ETSU Federal Credit Union is a highly-rated regional financial institution serving Northeast Tennessee, including Telford and Washington County. With exceptional customer satisfaction ratings and deep community roots, they offer personalized mortgage services with competitive rates. Their mortgage team provides comprehensive guidance through the entire home financing process, from pre-approval to closing, with special expertise in first-time homebuyer programs and government-backed loans. Members consistently praise their responsive service, transparent communication, and local decision-making authority.
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First Horizon Bank
First Horizon Bank
First Horizon Bank has a strong regional presence throughout Tennessee with multiple branches serving the Telford area. As one of the Southeast's largest financial institutions, they offer comprehensive mortgage solutions with the advantage of local relationship banking. Their experienced mortgage officers provide competitive rates and flexible terms, with particular strength in construction lending and renovation loans. Customers consistently rate them highly for their professional service, streamlined application process, and extensive mortgage product options tailored to Tennessee homebuyers.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established an excellent reputation in Northeast Tennessee for their efficient mortgage process and exceptional customer service. While a national lender, their local Johnson City office specifically serves Telford and surrounding communities with dedicated mortgage professionals who understand the local market. They're particularly praised for their quick closing times, often completing loans in 30 days or less, and their transparent communication throughout the lending process. Movement specializes in making the mortgage experience straightforward and stress-free, with strong digital tools and personalized guidance.
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Frequently Asked Questions
Common questions about mortgage lending in Telford, TN
What are the current mortgage rates like in Telford, TN, and how do they compare to the national average?
Mortgage rates in Telford are generally aligned with national averages, but local lenders may offer competitive terms. As a smaller community in the Tri-Cities region, rates can sometimes be slightly more favorable due to lower operational costs for local banks and credit unions. It's always wise to compare offers from both local institutions and larger national lenders to secure the best rate.
Are there any down payment assistance or first-time homebuyer programs specifically for Telford residents?
Yes, Telford homebuyers can access statewide Tennessee programs like the Great Choice Home Loan, which offers competitive rates and down payment assistance. Additionally, the Tennessee Housing Development Agency (THDA) provides grants and forgivable loans for eligible buyers in Washington County, which includes Telford. A local mortgage broker can help you navigate the specific income and credit requirements for these programs.
How does the appraisal process work in Telford's rural and semi-rural market?
Appraisals in Telford can be challenging due to its mix of older homes, newer subdivisions, and rural properties. Appraisers must often look for comparable sales ("comps") in a wider geographic area, including nearby Jonesborough or Johnson City. Unique features like larger land parcels are common, so working with a lender familiar with the local market is crucial to ensure the appraisal accurately reflects the property's value.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Telford?
Washington County property taxes are relatively moderate for Tennessee. Your lender will estimate these for your escrow account based on the county's assessment. For insurance, due to Telford's rural setting, you may need to budget for a separate flood insurance policy if the property is in a designated zone, and consider additional coverage for wells or septic systems, which are common outside city limits.
Are USDA Rural Development loans a common and viable option for mortgages in Telford, TN?
Absolutely. Given Telford's designation as a rural area by the USDA, many properties qualify for USDA loans, which offer 100% financing with no down payment. This is a highly popular and advantageous program for eligible buyers in the area, as it can make homeownership more accessible. A local lender can quickly determine if a specific property meets the USDA's eligibility criteria.
Why Choose a Mortgage Lender in Telford?
Local Market Knowledge
Lenders who understand Telford'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 Telford and get competitive rates on your home loan.