Knoxville Mortgage Companies: A Comprehensive Guide
Buying a house is one of the biggest financial decisions most people ever make. Finding the right mortgage company can be a daunting task, especially for first-time homebuyers. Knoxville, Tennessee has many reputable mortgage companies to choose from, but how do you know which one is the right fit for you?
We’ve thoroughly researched the top Knoxville mortgage companies and evaluated them based on their loan options, customer service, and reputation in the community. Here’s a comprehensive guide to help you navigate the Knoxville mortgage market.
1. Mortgage Investors Group
Mortgage Investors Group (MIG) is a locally owned and operated Knoxville-based lender that has been in business for over 30 years. They offer a wide range of loan products including conventional, FHA, VA, and USDA loans. MIG also offers specialty products such as physician loans, construction loans, and home renovation loans.
What sets MIG apart is their commitment to personalized service. They assign a loan officer to each borrower who guides them through the entire mortgage process. MIG’s loan officers are knowledgeable, efficient, and resourceful. They have received numerous accolades from publications such as Forbes and Mortgage Executive Magazine for their exceptional service.
MIG is dedicated to giving back to the Knoxville community. They support local charities such as Habitat for Humanity and the United Way. They also offer a Heroes loan program that provides discounted rates for first responders, military personnel, and teachers.
2. First Horizon Home Loans
First Horizon Home Loans is a division of First Horizon Bank, a regional bank headquartered in Memphis, Tennessee. They offer a variety of loan products such as conventional, FHA, VA, and USDA loans. First Horizon also provides jumbo loans and renovation loans.
First Horizon distinguishes itself through its innovative technology and streamlined process. They offer a digital mortgage application process that enables borrowers to complete their application in as little as 20 minutes. They also have a mobile app that allows borrowers to track their loan status and communicate with their loan officer on-the-go.
First Horizon is deeply committed to community development. They partner with local organizations such as Neighborhood Housing Inc. to provide affordable housing solutions for low-to-moderate-income families. They also offer a service program that encourages their employees to volunteer in their local communities.
3. BB&T Home Mortgage
BB&T Home Mortgage is a division of BB&T Banking Corporation, a financial services company based in North Carolina. They offer a comprehensive range of loan products such as conventional, FHA, VA, and USDA loans. BB&T also provides jumbo loans, home equity loans, and renovation loans.
What makes BB&T stand out is their expertise in the mortgage industry. BB&T has been in the mortgage business for over 140 years, and their loan officers are some of the most experienced in the industry. They provide personalized service and guide borrowers through every step of the mortgage process.
BB&T is dedicated to improving the quality of life in the communities they serve. They partner with organizations such as the American Red Cross and Habitat for Humanity to provide disaster relief and affordable housing solutions. They also have a Lighthouse Project that encourages their employees to volunteer in their local communities.
4. Fifth Third Bank
Fifth Third Bank is a regional bank headquartered in Ohio with a strong presence in Knoxville. They offer a wide range of loan products such as conventional, FHA, VA, and USDA loans. Fifth Third also provides jumbo loans and home equity loans.
Fifth Third differentiates itself with its digital solutions and educational resources. They offer a digital mortgage application process that enables borrowers to complete their application online. They also have a mortgage learning center that provides borrowers with educational resources to help them understand the mortgage process.
Fifth Third is committed to creating positive change in the communities they serve. They partner with organizations such as the United Way and the American Heart Association to provide financial education and resources. They also have a Fifth Third Bank Foundation that supports nonprofit organizations in their local communities.
5. Churchill Mortgage
Churchill Mortgage is a Nashville-based lender with a branch in Knoxville. They specialize in providing FHA, VA, and conventional loans. Churchill Mortgage offers a unique service that sets them apart from other mortgage companies: a free mortgage checkup.
Churchill Mortgage’s mortgage checkup provides borrowers with a comprehensive analysis of their current mortgage situation. Their loan officers evaluate the borrower’s current loan terms and provide recommendations for how they can save money on their mortgage. The mortgage checkup is a valuable resource for borrowers who want to optimize their mortgage payments.
Churchill Mortgage is dedicated to promoting financial literacy. They offer a wealth of educational resources on their website that empower borrowers to make informed decisions about their mortgage. They also support organizations such as Junior Achievement and the Dave Ramsey Foundation that provide financial education to youth and adults.
Conclusion
The Knoxville mortgage market is home to many reputable lenders who offer a variety of loan products and exceptional customer service. Whether you’re a first-time homebuyer or a seasoned homeowner, there’s a lender for you in Knoxville.
Mortgage Investors Group distinguishes themselves with their personalized service and community involvement. First Horizon Home Loans leverages technology to streamline the mortgage process and support community development. BB&T Home Mortgage provides deep expertise and personalized service to guide borrowers through the process. Fifth Third Bank offers digital solutions and educational resources to empower borrowers. Churchill Mortgage offers a free mortgage checkup and prioritizes financial literacy.
Choosing the right Knoxville mortgage company is an important decision that requires careful consideration. We hope this guide has provided you with valuable insights to help you make an informed decision.