Lenders
Home Federal Bank of Tennessee
Home Federal Bank of Tennessee is a full-service bank headquartered in Knoxville that has served East Tennessee since 1924. Its commercial real estate group provides construction and permanent financing for commercial and other income-producing property in its market area.
Major lending areas named on the site are offices, assisted living, multi-family, hospitality, industrial, self-storage, and warehouse, along with churches and other non-profit organizations. The bank also offers USDA government guaranteed loans, SBA small business loans, tax-exempt bond financing, and Community Investment Tax Credit financing. It states that all lending decisions are made locally and that its lending management has over 100 years of combined hometown lending experience.
Beyond lending, the bank offers business checking, online business banking, ACH and wire transfers, fraud detection, accounts payable and merchant services, and express deposit; a trust division providing employee benefit retirement plan services in East Tennessee; and investment services through Home Financial Services, Inc., a wholly owned subsidiary started in August 1984 that is a registered broker-dealer and a member of FINRA and SIPC.
Loan minimums, recourse terms, rate structures, and cash-out policies are not published. The published fee schedules cover commercial deposit services rather than loans.
Best for
Owners and developers of income-producing property in East Tennessee who want a local bank that underwrites and decides in-market. Borrowers outside the bank's market area are not the audience the site describes.
What they do
- Commercial real estate construction loans
- Permanent financing for income-producing property
- SBA guaranteed business loans
- USDA guaranteed loans
- Tax-exempt bond financing
- Community Investment Tax Credit financing
- Church and non-profit financing
- Business checking and treasury services
- Trust and retirement plan services
Details
| Attribute | Value |
|---|---|
| Founded | 1924 |
| Memberships | BauerFinancial 5-Star rating, FINRA member (Home Financial Services, Inc.), SIPC member (Home Financial Services, Inc.) |
| How they charge | Commercial deposit service fees are published, for example sweep accounts at $60/month; loan pricing is not. |
| Lender type | Bank, Portfolio, SBA |
What stands out
- A Knoxville-based bank serving East Tennessee since 1924.
- Lending areas named are offices, assisted living, multi-family, hospitality, industrial, self-storage, and warehouse.
- States that all lending decisions are made locally.
- Rated 5 STARS for strength and stability by BauerFinancial.
- Home Financial Services, Inc., a wholly owned subsidiary started in 1984, is a registered broker-dealer and member of FINRA and SIPC.