The Best Mortgage Lenders in Trenton, TN
Compare verified mortgage lenders serving Trenton, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Trenton
Featured Mortgage Lenders
Regions Mortgage
Regions Bank
Regions Bank is one of the leading regional mortgage lenders serving West Tennessee, including Trenton. With a physical branch presence in nearby Jackson and extensive experience in rural and suburban mortgage lending, Regions offers competitive rates and personalized service. Their mortgage specialists are well-versed in USDA loans, which are particularly relevant for Trenton's rural character. Regions has maintained strong customer satisfaction ratings and offers the convenience of local banking services combined with robust digital mortgage tools.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage has built an exceptional reputation across Tennessee for their transparent lending process and educational approach to home financing. While based in Memphis, they actively serve clients throughout West Tennessee, including Trenton. They specialize in guiding borrowers through USDA and FHA loan programs that are well-suited for the Trenton market. With overwhelmingly positive customer reviews highlighting their responsive communication and competitive rates, Churchill consistently ranks among Tennessee's top mortgage lenders.
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First South Financial
First South Credit Union
First South Credit Union has been serving West Tennessee communities for decades, with strong presence in Gibson County where Trenton is located. As a member-owned financial institution, they offer highly competitive mortgage rates and personalized service that larger banks often cannot match. Their mortgage team has deep knowledge of local market conditions and specializes in rural housing loans, including USDA programs ideal for Trenton area homebuyers. First South receives consistently excellent reviews for their community-focused approach and streamlined mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Trenton, TN
What are typical down payment requirements for homes in Trenton, TN, and are there local programs to assist with this?
In Trenton, many conventional loans require a 3-5% down payment, but local lenders often work with USDA Rural Development loans, which require 0% down for eligible properties in Gibson County. Additionally, the Tennessee Housing Development Agency (THDA) offers Great Choice Plus down payment assistance for qualifying buyers, which can be a significant help in this market.
How does Trenton's predominantly rural setting in Gibson County affect my mortgage options?
Trenton's location makes many homes and buyers eligible for USDA Rural Development Guaranteed Loans, a popular zero-down-payment option. This program has specific income and property eligibility requirements, but it's a key advantage for financing in this area that isn't available in urban centers.
Are property taxes in Trenton, TN, typically factored into mortgage escrow, and how do rates compare?
Yes, lenders typically include Trenton and Gibson County property taxes in your monthly escrow payment. Gibson County has relatively low property tax rates compared to national averages, which can help keep your total monthly mortgage payment more affordable. The current rate is approximately $2.96 per $100 of assessed value.
What should I know about home insurance costs when getting a mortgage in Trenton?
When calculating your mortgage payment, lenders will require escrow for homeowners insurance. In Trenton, premiums are generally moderate but can be influenced by the age of homes and the need for additional flood insurance, as some areas in Gibson County are in flood zones. Your lender will help determine if flood insurance is required.
Are there specific first-time homebuyer programs or grants popular with Trenton lenders?
Yes, the most prominent is the THDA Great Choice Home Loan program, which offers competitive interest rates and down payment assistance grants. Local banks and credit unions in Trenton are well-versed in this program and can also inform you about any local community development or employer-assisted housing initiatives that may be available.
Why Choose a Mortgage Lender in Trenton?
Local Market Knowledge
Lenders who understand Trenton'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 Trenton and get competitive rates on your home loan.