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Tullahoma, TN

The Best Mortgage Lenders in Tullahoma, TN

Compare verified mortgage lenders serving Tullahoma, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.5
Avg Rating
494+
Reviews
10
Loan Types

Available Loan Programs in Tullahoma

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-time Homebuyer
Home Equity
Construction-to-Permanent

Featured Mortgage Lenders

1

Regions Mortgage

Regions Bank

★★★★☆
4.3/5

Regions Bank stands out as Tullahoma's most established local mortgage lender with a physical branch conveniently located in the heart of the city. As a full-service financial institution with deep roots across Tennessee, they offer comprehensive mortgage solutions with personalized local service. Their mortgage specialists live and work in the community, providing valuable insight into Tullahoma's real estate market. Regions consistently receives high marks for their competitive rates, smooth closing process, and long-term commitment to Middle Tennessee homeowners, making them a top choice for both first-time buyers and experienced investors.

Experience:25 years
Reviews:185 customer reviews
801 North Jackson Street, Tullahoma, TN 37388

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Ascend Mortgage Services

Ascend Federal Credit Union

★★★★☆
4.7/5

Ascend Federal Credit Union has built an exceptional reputation in Tullahoma for their member-focused mortgage approach and highly competitive rates. As a not-for-profit financial cooperative, they consistently offer some of the most favorable terms in the region. Their mortgage team provides personalized guidance through every step of the home buying process, with particular expertise in VA loans given their proximity to Arnold Air Force Base. Customers consistently praise their responsive communication, transparent fee structure, and commitment to finding the right mortgage solution for each borrower's unique situation.

Experience:22 years
Reviews:142 customer reviews
520 Madison Street, Tullahoma, TN 37388

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinanceHome Equity
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3

Pinnacle Mortgage Services

Pinnacle Financial Partners

★★★★☆
4.5/5

While based in Nashville, Pinnacle Financial Partners has established itself as a premier mortgage lender serving the entire Middle Tennessee region, including Tullahoma. They bring big-city resources with local market expertise, offering highly competitive jumbo and construction loan options that smaller local lenders may not provide. Pinnacle receives outstanding reviews for their sophisticated digital mortgage platform combined with high-touch personal service from experienced loan officers. Their strong relationships with local real estate professionals in the Tullahoma area ensure smooth transactions and timely closings for homebuyers throughout Coffee County.

Experience:18 years
Reviews:167 customer reviews
150 3rd Avenue North, Nashville, TN 37201

Loan Types:

ConventionalJumboFHAVAConstruction-to-PermanentRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Tullahoma, TN

Are there any first-time homebuyer assistance programs specific to Tullahoma or Coffee County?

Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely used in Tullahoma. This program provides competitive fixed-rate mortgages paired with down payment assistance. Additionally, local lenders often have knowledge of any city-specific grants or programs that may occasionally become available for qualifying buyers in the area.

How do property taxes in Tullahoma affect my monthly mortgage payment?

Coffee County, which includes Tullahoma, has a relatively low property tax rate compared to national averages, which is a significant benefit for your monthly payment. The current rate is approximately $2.96 per $100 of assessed value, with the city portion adding a small amount. Your lender will use this rate to calculate an accurate escrow payment, keeping your total PITI (Principal, Interest, Taxes, Insurance) payment manageable.

What is a typical down payment requirement for a mortgage on a home in Tullahoma's competitive market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Tullahoma successfully purchase homes with 3%, 5%, or 10% down using conventional, FHA, or USDA loans. Given Tullahoma's steady market with median home prices around $300,000, local lenders often work with buyers to find the right low-down-payment loan that fits their financial situation.

Is a USDA Rural Development loan a viable option for homes in Tullahoma, TN?

Absolutely. While Tullahoma is a growing city, much of Coffee County, including areas on the outskirts of Tullahoma, is eligible for USDA loans, which offer 100% financing (no down payment). This is a popular and advantageous option for eligible buyers looking at properties just outside the city center, making homeownership more accessible.

How does Tullahoma's stable economy, anchored by Arnold Air Force Base, influence mortgage lending and approval?

The presence of Arnold Air Force Base (AEDC) provides a strong, stable employment base, which lenders view favorably during the mortgage underwriting process. For military personnel and civilian contractors, VA loans are extremely common and offer excellent terms with no down payment. This economic stability generally contributes to a consistent housing market, giving lenders confidence in local property values.

Mortgage Insights

Finding Your Guide: Why a Local Mortgage Loan Officer is Key to Buying a Home in Tullahoma

If you're starting your homebuying journey in Tullahoma, you're likely searching for a "mortgage loan officer near me." This isn't just about convenience; it's a strategic move that can make all the difference in our unique local market. Tullahoma, with its blend of aerospace industry stability, charming neighborhoods, and proximity to outdoor recreation, has a housing scene that requires local expertise to navigate successfully.

A mortgage loan officer based right here in Coffee County understands more than just interest rates. They grasp the nuances of Tullahoma's market dynamics. They know which appraisers are familiar with values in neighborhoods like Westside, Farrar Heights, or near the Arnold Engineering Development Complex (AEDC). They understand how factors like the school districts or proximity to the Elk River can impact both a home's value and your long-term satisfaction. This local insight is invaluable when determining how much to borrow and what type of loan best suits your life in Middle Tennessee.

When you work with a local professional, you gain a partner who can offer practical, actionable advice tailored to our area. For instance, they can advise on the true costs of older, character-filled homes in the downtown area versus newer constructions in developing subdivisions. They can also be a tremendous resource for connecting you with trusted local inspectors, real estate agents, and title companies, creating a seamless and informed homebuying team.

Tennessee also offers specific programs that a knowledgeable local loan officer can help you access. The Tennessee Housing Development Agency (THDA) provides great options for first-time homebuyers, including the Great Choice Home Loan program with competitive interest rates and down payment assistance. A Tullahoma-based officer will be well-versed in these programs and can clearly explain the eligibility requirements and benefits, such as the THDA's homebuyer education course, which is a wise step for any new purchaser.

Your actionable first step? Look beyond a simple online search. Ask for referrals from friends, colleagues, or local real estate agents who have recently closed deals in Tullahoma. When you speak with a potential loan officer, ask them direct questions: "How many loans have you closed in Coffee County in the last year?" or "Can you tell me about recent lending trends in Tullahoma?" Their answers will reveal their depth of local experience.

Ultimately, finding the right mortgage loan officer near you in Tullahoma is about finding a guide. It's about partnering with someone who doesn't just see you as a credit score, but as a future neighbor. They can help you translate your dream of homeownership in our community into a solid, sustainable financial reality, ensuring your new key unlocks not just a door, but a successful life in Tullahoma.

Nearby Cities

Explore mortgage lenders in cities near Tullahoma, TN

Why Choose a Mortgage Lender in Tullahoma?

Local Market Knowledge

Lenders who understand Tullahoma'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 Tullahoma and get competitive rates on your home loan.