Memphis Mortgage Broker
Find a Memphis, Tennessee (TN) mortgage broker. We have access to several Memphis mortgage lenders who are competing for your business. Let us do the shopping for you.
Memphis, Tennessee is home to the Grizzlies (NBA) and 650,100 residents. Memphis is located in the southwest corner of Tennessee and is a short drive away from Nashville and Tunica. Memphis is known for their world famous restaurants and great nightlife. The housing market has been very neutral in recent years, with no clear advantage going to the seller or buyer. The median house value is $72,800.
Tennessee Mortgage Facts
- Non-Community Property State - Since Tennessee is a non-community property state, you do NOT need to include the liabilities of your spouse, when applying for a Tennessee mortgage, if you choose to leave them off of the loan.
- High Closing Cost State - HUD has determined certain states to be high closing cost states and others to be low closing cost states. Tennessee is classified as a high closing cost state due to higher priced title fees. If you are moving to Tennessee from another state, be aware of these costs.
- Mortgage Tax State - Be aware, there is a state tax that is assessed on all Tennessee mortgages.