The Best Mortgage Lenders in Westmoreland, TN
Compare verified mortgage lenders serving Westmoreland, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Westmoreland
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. Founded in 1994, they specialize in serving homebuyers across Tennessee with particular expertise in VA loans, making them an excellent choice for military families. Their Gallatin location is conveniently close to Westmoreland and they have built a reputation for competitive rates, exceptional customer service, and streamlined loan processes. With hundreds of positive reviews highlighting their responsiveness and expertise, they consistently rank among the top mortgage lenders in the region.
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First Freedom Bank
First Freedom Bank
First Freedom Bank is a well-regarded community bank headquartered in Gallatin, just minutes from Westmoreland. With over two decades of serving Sumner County and surrounding areas, they offer personalized mortgage services with local decision-making. Customers consistently praise their competitive rates, transparent process, and commitment to the community. As a local bank, they understand the Westmoreland area real estate market and provide construction loans, which is valuable for rural properties. Their mortgage team has extensive experience with both conventional and government-backed loans.
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Churchill Mortgage
Churchill Mortgage Corporation
Churchill Mortgage is a highly-rated regional mortgage lender based in Tennessee with a strong reputation for customer service and ethical lending practices. While headquartered in Brentwood, they have a Madison office that conveniently serves the Westmoreland area. Founded in 1992, they have three decades of experience helping Tennessee homebuyers with various loan programs including specialized rural development loans suitable for Westmoreland's location. They're particularly noted for their educational approach to mortgage lending and have received numerous industry awards for customer satisfaction and service excellence.
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Frequently Asked Questions
Common questions about mortgage lending in Westmoreland, TN
What are the typical down payment requirements for homes in Westmoreland, TN, given its rural market?
For the moderately priced homes common in Westmoreland, many buyers successfully use conventional loans with a 3% minimum down payment or FHA loans with 3.5% down. USDA loans are a particularly popular option here due to the area's rural designation, offering qualified buyers the chance to purchase with 0% down, which is a significant advantage in this market.
Are there any local or state-specific first-time homebuyer programs available in Westmoreland?
Yes, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely accessible in Westmoreland. This program provides competitive fixed-rate mortgages paired with down payment assistance in the form of a second mortgage grant, which does not require monthly payments and is forgiven after a set period, making homeownership more attainable for qualifying first-time buyers.
How do property taxes in Sumner County affect my mortgage payments in Westmoreland?
Sumner County has relatively moderate property tax rates compared to national averages. Your lender will estimate these taxes and include them in your monthly escrow payment. It's important to factor this into your budget, as even a modest tax rate on a larger property, common in the Westmoreland area, can impact your total monthly payment.
What should I know about getting a mortgage for a home with acreage or a farmette in Westmoreland?
Financing properties with significant land (typically over 10 acres) often requires a specialized "rural" or "non-conforming" loan, as standard conforming loans have limits on acreage. Local lenders or agricultural credit unions familiar with Sumner County are best equipped to handle these transactions and can guide you on the specific appraisal and loan requirements for rural properties.
Is it difficult to get a home appraisal in Westmoreland's less dense housing market?
Appraisals can sometimes be challenging due to fewer recent comparable sales ("comps") in the immediate area, especially for unique properties. An experienced local appraiser will often look at sales in surrounding communities like Portland or Lafayette. To avoid delays, work with a lender who has strong relationships with appraisers familiar with Sumner County's rural market dynamics.
Nearby Cities
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Why Choose a Mortgage Lender in Westmoreland?
Local Market Knowledge
Lenders who understand Westmoreland'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 Westmoreland and get competitive rates on your home loan.