Whether you are purchasing or building a new home, or refinancing the house you live in now, a Bank of Tennessee conventional mortgage is your funding solution.

Get the mortgage that fits your unique situation, with fixed or adjustable rate options. Use a Bank of Tennessee conventional mortgage to refinance your current loan, purchase your primary or second home, or even purchase rental property. A variety of choices means you select the payment amount and terms you want. Choose from features including loan amortization up to 30 years, up to 97% financing, no-PMI programs up to 95%.

Construction Loans

When you build a new home, you can invest time in getting every detail right in your new home because our expert Residential Construction Specialists take the burden of handling the financing details from you. We offer one-closing Construction/Permanent loan products, saving you time and extra closing costs. You can choose between adjustable and fixed rate loans. We offer up to 85% loan to value without Private Mortgage Insurance (subject to credit exclusions).

Our experienced Residential Construction Specialists will guide you throughout the building process to help avoid some of the bumps that can occur in the construction process. After your home is built, Bank of Tennessee will continue to provide local servicing of your loan so that you’re not dealing with a large, national bank but with bankers right here in Northeast Tennessee.

Lot or Land Loans

When you find that perfect piece of land, but aren't ready to build a house just yet, Bank of Tennessee Mortgage Division can finance the purchase. Take your time selecting the perfect plan and your builder. With amortization up to 10 years, and 65% LTV for undeveloped land or 75% LTV for a developed lot, you have plenty of time to pay off your land.

In order for property to be considered as a developed lot it must be improved with water and utilities.

First-time Home Buyers

Bank of Tennessee Mortgage Division offers a special program to answer questions and orient new homebuyers with the process. We take the uncertainty out of what can be a scary endeavor. Whether you complete our homebuyer education course or not, you can take advantage of the First-Time Home Buyer mortgage, with special features to get you in the house you love. Ask us about features such as up to 97% financing of purchase price; loan amounts up to $417,000; no PMI (up to 95% loan to value); no maximum income restrictions, all options available with terms up to 30-years.

Contact a Bank of Tennessee Mortgage Banker at (866) 378.9500 for more information.

*All loans subject to credit approval. Bank of Tennessee is an Equal Housing Lender