Knoxville TN Banks

[Todd Fullerlove]

Howdy BP friends,

I just relocated to Knoxville, Tennessee, Tennessee. Does anybody have any recommendations on small/community banks that they like to work with?   I own four long-term rentals and always used a small bank in Oklahoma. Looking to make new connections here.

[Devin Peterson]

Quote from @Todd Fullerlove:

Howdy BP friends,

I just relocated to Knoxville, Tennessee, Tennessee. Does anybody have any recommendations on small/community banks that they like to work with?   I own four long-term rentals and always used a small bank in Oklahoma. Looking to make new connections here.

Are you looking for local community banking for lending and real estate related purposes or for personal checking and savings accounts? Keep in mind it’s more than likely most of the competitive banks these days for real estate investing may not be local! 

[Todd Fullerlove]

Devin, thanks for reaching out. Im looking to secure financing for my real estate business. I’ll give you a call this week. Let’s chat 

[Bryan Maddex]

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer. You can shop 10 or 20 lenders in a weeks time, find out what products they offer, what rates, what overlays and qualifications they each have for you.... or you can reach out to a broker who can shop 80 lenders in a matter of minutes for you. Some lenders work with 220+ lenders and can really understand which lenders are best for you based on your situation.

There was an article published in Sept 2024 that showed the average consumer would save over $10,000 by working with a broker vs a direct lender over the life of their loan. https://nationalmortgageprofessional.com/news/study-reveals-....

Not sure BP will allow that link to post, if not just google " 10000 saved using a broker vs direct lender" and you can find the article.

On the flip side, there are some banks and credit unions that could offer products that they do not allow to be brokered. Generally, #brokersarebest but there are outliers to that statement.

Happy to talk thru options for what you are looking for!

[Sean Olu]

Hi Todd, I've had great success with both MCB and ORNL. Check them out.

[Jaycee Greene]

Quote from @Todd Fullerlove:

Howdy BP friends,

I just relocated to Knoxville, Tennessee, Tennessee. Does anybody have any recommendations on small/community banks that they like to work with?   I own four long-term rentals and always used a small bank in Oklahoma. Looking to make new connections here.

@Todd Fullerlove Love that you're looking to develop relationships with local, community banks in Knoxville. You might also try SmartBank or Builtwell Bank. 

[Katherine Blazer]

Quote from @Todd Fullerlove:

Howdy BP friends,

I just relocated to Knoxville, Tennessee, Tennessee. Does anybody have any recommendations on small/community banks that they like to work with?   I own four long-term rentals and always used a small bank in Oklahoma. Looking to make new connections here.

 Welcome to Knoxville!!