Carroll County, Tennessee
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Carroll Real Estate Market Update
The real estate market in Carroll County, Tennessee, is currently characterized as a buyer's market, with homes generally staying on the market longer and prices being relatively lower. As of October 2024, the median sold price for homes in the county was $233,525, reflecting an 18.8% increase from the previous month. The median price per square foot was $98, indicating a competitive pricing environment for potential buyers.
Carroll County includes several notable cities, with Huntingdon being the largest, serving as the county seat. McKenzie is another significant city, known for its educational institutions like Bethel University. Bruceton and Hollow Rock are smaller towns that contribute to the county's rural charm. These cities offer a range of amenities and community activities, attracting residents who appreciate a blend of small-town living with access to essential services.
Living in Carroll County offers a predominantly rural experience, with a mix of agricultural and suburban lifestyles. The county is known for its farming and agricultural activities, which are central to its economy. Top industries include manufacturing and education, contributing to steady employment opportunities. The area attracts people looking for a quieter, more rural lifestyle, often moving from urban areas for more space and a slower pace of life. The county's affordable housing market and community-focused living make it an appealing destination for families and retirees alike.
2025 Mortgage Loan Limits:
Carroll County, Tennessee
1 Unit
$806,500
Conforming Loans
$524,225
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$671,200
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$811,275
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,008,300
FHA Loans
Questions About Refinancing in
Carroll County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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