Lebanon, Tennessee

Lebanon, Tennessee loans for builders, investors and buyers

Lebanon, the Wilson County seat, has posted the largest percentage growth of any city on our Tennessee pages: up close to 40 percent between 2020 and 2025. It pairs a historic public square and Cumberland University with new subdivisions along I-40. Here's how we finance new homes, older in-town houses and the builders keeping up with demand.

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Spec-home and build-to-rent financing for Wilson County builders
Conventional, FHA or VA for Lebanon buyers where licensed
Rental and renovation loans near the square and beyond

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Lebanon at a glance

The biggest percentage gain on our Tennessee pages, with a mix of new and older homes.

Measure	Lebanon	Tennessee
Population, July 2025	About 53,400	About 7,315,000
Change since 2020	Up about 39 percent	Up about 6 percent
Homes built 2010 or later	About 39 percent	15 percent
Homes built before 1970	About 20 percent	About 27 percent
Homes in buildings with five or more units	About 20 percent	14 percent
Townhomes	About 11 percent	About 4 percent
Owner-occupied homes	About 62 percent	About 67 percent
Median home value (owner estimate)	About $378,000	About $287,000

Sources: U.S. Census Bureau, American Community Survey 2020-2024 five-year estimates (opens in a new tab) (housing figures; estimates with margins of error) and Vintage 2025 population estimates (opens in a new tab) (July 1, 2025, compared with the April 2020 base). Accessed Oct. 20, 2026.

What the numbers say: Lebanon added roughly 15,000 residents in about five years. About one home in nine is a townhome, close to three times the state's share, and nearly two in five homes are from 2010 or later. That's a market where builders and buyers of new homes are both busy.

The square, the university and the Star

Lebanon's Public Square was laid out in 1802 over the Town Spring, and most of its buildings date from the late 1880s to the 1930s, according to the Historic Lebanon driving tour (opens in a new tab). Wilson County's visitors bureau (opens in a new tab) calls Lebanon the Antique City of the South and notes that it's home to Cumberland University and Cracker Barrel's headquarters.

The WeGo Star commuter train starts its run to Nashville at Lebanon Station, and WeGo Public Transit (opens in a new tab) describes the Hamilton Springs stop as the centerpiece of Tennessee's first transit-oriented development. Interstate 40 runs west toward Mt. Juliet and Nashville.

Building and buying in a growing Lebanon

For builders. Growth near 40 percent in five years keeps demand up for new houses and rental homes. Our business-purpose construction financing covers spec homes or a build-to-rent phase in draws, and a bridge loan can secure lots before a project starts.

For investors. About a fifth of Lebanon homes went up before 1970. Those older houses suit renovate-and-resell projects, while a newer townhome or house can be kept and leased with DSCR financing.

For buyers. New subdivisions and townhomes fit conventional, FHA and VA, and older homes in town do too when they're in sound condition.

Around the Lebanon square

The Wilson County courthouse has stood on Lebanon's square in four versions, the third designed in 1848 by William Strickland, architect of the Tennessee State Capitol, according to the Historic Lebanon driving tour. The same tour notes that General Patton's Second Armored Division held exercises on the square during World War II maneuvers headquartered at Cumberland University, and that First Monday mule sales ran there monthly until 1939.

Today most buildings on the square date from the late 1880s to the 1930s, while about two in five Lebanon homes went up in 2010 or later. That gives Lebanon two kinds of deals. In the older core, investors look at older houses and small mixed-use buildings that need work, financed with a flip, bridge or business-purpose commercial loan. In the newer subdivisions, builders put up spec homes and rental rows, and buyers choose new houses and townhomes with conventional, FHA or VA. With about 15,000 more residents since 2020, both sides of town have been busy.

For builders and investors: Lebanon

Business-purpose loans for investment property only. Not for personal, family or household use. Subject to approval. Equal Housing Opportunity.

Ground-up construction

Spec houses and rental phases for a city that added about 15,000 people in five years, paid out as stages finish.

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DSCR rental loans

Hold a Lebanon townhome or house as a rental, underwritten mainly on the rent.

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Fix and flip

Renovate an older Lebanon house, with rehab money paid out as the work is done.

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Bridge loans

Buy lots or a property ahead of construction or long-term financing.

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Apartments and mixed-use

Five-plus unit and mixed-use buildings, business-purpose only, on select programs.

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Home loans for Lebanon buyers

Home loans are offered only in states where Iron Hill Mortgage is licensed. Check our licensing page or NMLS Consumer Access for where we're licensed. Iron Hill Mortgage is a private company. We are not a government agency, and we are not endorsed by HUD, the FHA or the U.S. Department of Veterans Affairs.

Conventional loans

For new subdivision homes, townhomes and older houses in town.

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FHA loans

Insured by the FHA. Buyers often weigh it against conventional on a Lebanon starter home.

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VA loans

Guaranteed in part by VA. Works for eligible veterans on Lebanon resales, townhomes and new houses.

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What helps on a Lebanon deal

Builders: lot details, drawings, a cost breakdown and a list of finished projects.
Flippers: the address, offer price, scope of work and recent updated sales nearby.
Rental buyers: expected rent and the tax and insurance numbers for the property.
Home buyers: your budget range and savings, so we can compare conventional, FHA and VA.

Common questions

How much has Lebanon grown since 2020?

A lot. The Census Bureau estimates about 53,400 residents in July 2025, up from about 38,500 in April 2020, close to 40 percent growth and the largest percentage gain on our Tennessee pages.

Do you finance spec homes or build-to-rent in Lebanon?

Yes. Builders put up homes to sell or rent with a business-purpose construction loan paid out in stages. Leased rentals can then move to long-term DSCR financing.

Can I renovate and resell an older Lebanon home?

Yes, as an investment. About one Lebanon home in five predates 1970. For a project like that, we lend against the purchase and fund the renovation in rounds, as a business-purpose loan. Send the property, your budget and your target sale price.

Is the Lebanon end of the WeGo Star useful for commuters?

For many weekday commuters, yes. The line begins at Lebanon Station, also stops at Hamilton Springs and Martha in Lebanon, and runs to Riverfront Station downtown. WeGo publishes the current train times.