The Best Mortgage Lenders in Williston, TN
Compare verified mortgage lenders serving Williston, Tennessee. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Williston
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is consistently top-rated for its exceptional customer service, competitive rates, and comprehensive loan options. With over 28 years in business, they have a strong regional presence in the Memphis area, including Williston, TN, and are known for their personalized approach, fast processing times, and high customer satisfaction. Their team of experienced loan officers specializes in guiding clients through the mortgage process with ease.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its efficient loan process and outstanding customer support. Serving Williston and the broader West Tennessee region, they focus on providing competitive rates and a variety of mortgage products, with particular strength in first-time homebuyer programs. Their commitment to transparency and quick closings has earned them a loyal customer base and strong local reputation.
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Supreme Lending
Supreme Lending, Inc.
Supreme Lending is a well-established mortgage lender with a proven track record in Tennessee, including service to Williston. They offer a wide range of loan products at competitive rates, with expertise in construction loans and refinancing. Their local presence in Memphis ensures personalized, reliable service, and they are praised for their knowledgeable staff and smooth transaction processes.
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Frequently Asked Questions
Common questions about mortgage lending in Williston, TN
Are there any special mortgage considerations for buying a home in Williston, TN, given its rural location?
Yes, due to Williston's rural designation in Fayette County, many properties may be eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a significant advantage for buyers in this area. However, it's important to verify the property's specific eligibility through the USDA's online map tool.
What are typical property taxes like in Williston, and how do they impact my mortgage payment?
Fayette County, where Williston is located, has a relatively low property tax rate compared to national averages. The 2023 rate is approximately $0.87 per $100 of assessed value. When calculating your total monthly mortgage payment (PITI), this lower tax burden helps keep your escrow payment more affordable, which can improve your debt-to-income ratio for loan qualification.
As a first-time homebuyer in Williston, are there any state or local down payment assistance programs I should know about?
Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan program, which is widely available to first-time buyers in Williston. This program provides competitive interest rates and can be combined with THDA's down payment assistance grant, which offers up to 6% of the loan amount. Local lenders in the Memphis metro area are well-versed in these programs.
How does the appraisal process work for unique or older properties in Williston's more historic or agricultural areas?
Appraising unique properties, such as those on larger lots or with older farmhouses, can require an appraiser with specific rural market expertise. Lenders will need to ensure the property meets standard livability conditions (like a functional well and septic system). It's advisable to work with a mortgage lender experienced in the Fayette County market who can manage this process effectively.
With Williston being a commute from Memphis, do lenders view this differently when approving a mortgage?
Lenders primarily focus on your income stability and debt ratios, not your commute. However, they may consider the broader Memphis-Cordova-Millington TN-MS-AR Metropolitan Statistical Area for comparable home sales during appraisal. Your employment location in Memphis is not a negative factor; in fact, the more affordable home prices in Williston can make qualifying for a loan easier.
Why Choose a Mortgage Lender in Williston?
Local Market Knowledge
Lenders who understand Williston'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 Williston and get competitive rates on your home loan.