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Preferred Rate professional Tim Arrowood in a business suit with glasses, smiling confidently.
Experienced financial advisor Tim Arrowood specializes in mortgage and loan solutions at Preferred Rate.
Beautiful modern craftsman house with landscaped front yard and double garage.
A stunning modern craftsman-style house featuring a landscaped front yard, large windows, and a spacious double garage.

NMLS: #393468

Tim Arrowood

Originating Branch Manager

Buying a home can be stressful. The lending process shouldn’t be.

With more than 16 years in the mortgage industry, Tim Arrowood has helped more than a thousand of homebuyers navigate the financing process with confidence. His approach is simple: listen first, educate clients on their options, and provide proactive communication every step of the way.

Tim and his team are known for handling even the most complex lending scenarios. As he likes to say, “If we can do the hard ones, we can definitely do the easy ones.” Clients can expect competitive rates, reliable closings, and a smooth, well-communicated process.

That commitment to service has earned Tim 245 five-star Google reviews and long-lasting relationships with clients and referral partners alike.

Outside of work, Tim enjoys traveling, staying active in his church community, and cheering on his adult children as they pursue their personal and professional goals.

Licensed in:

TN, VA, NC, SC, GA and KY

Specialties:

VA Loans

One-Time Close Construction Loans

Manufactured Home Financing

DSCR Investment Property Loans

First-Time Homebuyer Loans

Bank Statement Loans

Lending Specialties

VA Loans

One-Time Close Construction Loans

Manufactured Home Financing

DSCR Investment Property Loans

First-Time Homebuyer Loans

Bank Statement Loans

Why work with me?

5.0/5 Rating

238 reviews

1,000+

Families helped

30 Days

Average close time

16 years

Of experience

Real clients. Real results.

I had the pleasure of working with Tim on a recent transaction, and I was thoroughly impressed. As the agent on the other side, I truly appreciated their excellent communication throughout the entire process. They kept all parties informed, were proactive in addressing any potential issues, and ensured everything moved forward smoothly. The loan closed on time without any last-minute surprises, a testament to their professionalism and efficiency. I look forward to working with them again in the future!

Matt F

Tim and the Team at Preffered Rate are great to work with. My clients found securing a Mortgage was easy and convenient and found Tim and team had answers for all their questions. He is my preferred lender and I highly recommend them!

James H

Tim and Kevin are a rockstar team! They are efficient, detail-oriented and easy to work with!

Hannah B

Tim and his team were great to work with! Very professional and closed on time!

Josh T

Tim and his team out wonderful to work with. They really care about their clients.

Melinda R

Tim is always so helpful and very professional! I would highly recommend him and Preferred Rate!

Rebecca T

Tim did an amazing job getting the buyer financed for his home. This transaction was a smooth process from start to finish!

Regie Jones (

I had a great experience with Tim and this company. This was my first experience buying a home; I had heard a lot of nightmare stories, but Tim and his team made my experience very easy and pleasant. I highly recommend this company and will use them again if needed. Thank you, Tim, for making my first home possible. Special thanks to Mr. Cooper!

Brian S

We appreciate our business connection with Tim and his team. As one of our faithful sponsors, Tim helps us love and serve our community every month. And he provides stellar service to our brokerage for mortgage needs and great lunch and learns for our agents.

Office at True North Real E

Tim is so communicative and on top of things. As a first time home buyer, I really valued him taking the time to talk me about all my options and explain things. I would absolutely recommend him and his team!

Sarah B

Extremely Good Communication and took great care of my client!! Highly recommend Tim!

Debi P

Tim did an excellent job keeping me informed on the progress of the buyers loan

Rusty E

Tim and team were wonderful. So grateful for their kindness and professionalism and welcoming us to town!

Shelby Westerman R

Extremely helpful. Extremely kind. Answered every question without hesitation.

steve m

They are absolutely awesome. Tim has a great crew working for him. The whole team was very helpful throughout the whole process. Katie was an excellent communicator! Kevin and Dottie was great also.

Andy s

Tim and his team were fantastic. Very professional and quick with answers for any question I had.

Caleb B

I had a great experience with Tim and the team.

John Haben, J

Tim provided excellent customer service by staying in contact through every step of the process and providing personalized communications as well. We purchased a home from out of state without any delays or issues.

Belaine S

Tim and his team worked very hard for us. Up and beyond the call of duty Very professional and caring team.

James S

Tim and his team are wonderful!

Amanda P

5 stars is well deserved. I want to thank Team Arrowood. Tim Arrowood. Katie Vashon and Lori Allison for their diligence and hard work helping to make my home and property purchase happen. This wasn't just a cut and dry mortgage. It was an Investor loan which took extra thought and creativity. They were certainly up to the challenge. They really made a dream come true. I recommend the Arrowood team wholeheartedly.

Curt R

5 stars is well deserved. I want to thank Team Arrowood. Tim Arrowood. Katie Vashon and Lori Allison for their diligence and hard work helping to make my home and property purchase happen. This wasn't just a cut and dry mortgage. It was an Investor loan which took extra thought and creativity. They were certainly up to the challenge. They really made a dream come true. I recommend the Arrowood team wholeheartedly.

Curt R

Thanks to Tim Arrowood and his amazing staff. Tim assisted me with the original purchase of my home 7 years ago and made process of refinancing smooth and stress free! This team has your back all the way thru.. You guys were awesome! Thanks again!

Tammy C

Tim and his team were absolutely great to work with. Timely communication and up to date on how the process is going.

Caleb B

Tim & the team were amazing! He was very informative and kept us up to date on our loan status regularly. We were treated very well and had access to several people on his team so we were never left guessing about anything. We got the house of our dreams! We absolutely reccomend Tim Arroweed and the Arrowood Team.

First L

The Arrowood team is the best! They have the lending process down to an art. The entire team is knowledgeable, patient, and incredibly supportive of each and every client to make an often stressful process a great experience. Tim and his team are also great about checking in with their clients long after the closing and inevitably become friends. We love working with the Arrowood team!

Lindsey H

Very pleased with The Arrowood Team. They went above and beyond for my clients and kept me updated every step of the way!

Alesha Q

The Arrowood Team made purchasing my first home EASY! They provided excellent communication, a quality agent, great home insurance and answered all my questions! We got into our first home in less than 6 weeks. Look no further!

Ry D

Tim and his team are an absolute pleasure to work with!

Brett M

Tim and his team has always been helpful!

Jeff M

The Team that truly cares about their clients!! Tim is your lender for life!

Lori A

Tim is an amazing loan officer who will take great care of you and your mortgage needs!

Chris H

Paul and Tim Arrowood are the best, and I highly recommend working with them!

Ramy M

Paul and Tim Arrowood are the best, and I highly recommend working with them!

Ramy M

Paul and Tim Arrowood are the best, and I highly recommend working with them!

Ramy M

Great team to work with, the entire process was smooth sailing. Both Tim and Paul were personable and professional throughout the entire process.

Kam

Great team to work with, the entire process was smooth sailing. Both Tim and Paul were personable and professional throughout the entire process.

Kam

Had an excellent experience with Tim Arrowood at Preferred Rate getting my mortgage together. I was working between FL and TN. And their team!They were all friendly and eager to help with everything. It's been a long time since I have been through a move and never out of state.They were very responsive and helpful throughout the process.

CK P

Tim and Paul did an excellent job keeping us informed about the loan process. I would highly recommend them if you need a home loan. They were both professional and returned phone calls quickly.

M G

You can expect the Arrowed team to work with true professionalism and always working for you, to ensure everything goes smooth and seamless Thanks again for ensuring our closing was on-time, given the short timeframe.

Tracy C

Tim, Paul and team did an amazing job making sure that they got our closing across the finish line, in such a short amount of time, and we made the deadline! Thanks for everything!

Tracy C

Tim, Paul and team did an amazing job making sure that they got our closing across the finish line, in such a short amount of time, and we made the deadline! Thanks for everything!

Tracy C

Had an excellent experience with Tim Arrowood at Preferred Rate getting my mortgage together. I was working between FL and TN.They were very responsive and helpful throughout the process.

CK P

Had an excellent experience with Tim Arrowood at Preferred Rate getting my mortgage together. I was working between FL and TN.They were very responsive and helpful throughout the process.

CK P

Excellent! Tim received this loan with a short time period to close and got the job done!

Meghan M

Very impressed with the actual phone calls I received with updates on the closing process. I am older and still appreciate hearing a voice. Tim was on top of everything and the communication and efficiency were great!Thanks,HP

Phyllis “Coco” P

Both Tim and Paul by far are the most helpful people that I have every had the privilege to work with. THEY make the process less stressful. I would recommend anyone to work with them on home loans

Beverly G

Tim and Paul provided a solution for financing our new family home when we moved to the USA from Canada . They are very professional and get things done!

rick p

Tim and his team were there from the beginning. We appreciated the constant communication from the start till closing day. Great people to work with!

Shirley W

Loan Programs

Spacious living room with comfortable seating, large windows, and stylish decor.
A bright, inviting living room featuring a blue sofa, wooden chairs, and a fireplace with logs, perfect for relaxing or entertaining.
DSCR Loans (Investment Loans)

Featured

Beautiful modern craftsman-style house with a landscaped front yard and garage.
A stunning craftsman-style home featuring a welcoming porch, modern design, and the 1% Home Loan Program.
1% Home Loan Program

Featured

Man using smartphone at home, exploring conventional loan options.
Man reviewing mortgage options on his phone in a cozy living room setting.
Conventional Loans

Featured

Comfortable living room featuring a fireplace, wall-mounted TV, and stylish decor for a welcoming ho.
A welcoming living room with a fireplace, wall-mounted TV, and elegant decor, ideal for relaxing and entertaining in a cozy home setting.
Down Payment Assistance (DPA)

Featured

Refinance Loan
Child on Veteran's shoulders with American flag, symbolizing VA loan benefits.
Supporting veterans and families with VA home loan options and resources.
VA Loans
USDA loan approval process for rural home financing.
A couple stands outside a new house, symbolizing rural homeownership with USDA loans.
USDA Loans
FHA loan approval process with Preferred Rate for homebuyers.
Happy couple discussing FHA loan options at home.
FHA Loans
Beautiful blue house with landscaped yard, ideal for low down payment mortgage options.
Charming blue home surrounded by lush greenery, perfect for those seeking low down payment loan solutions.
Low Down Payment Loans
Beautiful house exterior with porch, windows, and landscaped yard.
A charming two-story house featuring a spacious front porch, large windows, and a well-maintained lawn, ideal for HELOC loan considerations.
HELOC Loans
Happy couple working on home renovation inside a room with construction tools.
A smiling couple during a home renovation project, standing on stairs with construction supplies around them.
Home Renovation
Luxury home with a spacious driveway and well-maintained landscaping for jumbo loan financing.
Explore jumbo loan options for financing high-value homes like this beautiful property.
Jumbo Loans
Man using a laptop on a bean bag chair, promoting flexible bank statement loans.
Comfortable man working on a laptop at home, highlighting flexible bank statement loan options for homebuyers.
Bank Statement Loans
Construction financing solutions for building your dream home or project. Expert guidance for seamle.
Two workers in safety helmets working on a construction site, focusing on woodwork and project progress.
Construction Financing
Beautiful manufactured home with a welcoming porch and landscaped yard.
A charming manufactured home featuring a spacious porch and lush landscaping, ideal for comfortable living.
Manufactured Home Loans
Colorful Victorian-style condominiums with detailed architecture and lush greenery.
Beautiful Victorian-style condominiums with intricate details and vibrant colors, perfect for condominium loan options.
Condominium Loans
Healthcare professional loan options for doctors and medical staff. Secure funding to grow your medi.
Image of a smiling doctor holding a clipboard in a medical office setting. Perfect for promoting medical professional loan services.
Medical Professional Loans
Nurse smiling with tablet, promoting first responder loan programs.
A nurse smiling while holding a tablet, highlighting loan options for first responders, teachers, and nurses.
First Responders | Nurses | Teacher Loans
Affordable community lending options for homebuyers.
Aerial view of a new residential property in a friendly neighborhood.
Community Lending
Buydown mortgage rates with temporary payment reductions.
Learn how temporary buydowns can lower your mortgage payments during the initial years of homeownership.
Temporary Buydowns
Modern two-story house with garage, ideal for bridge loan financing.
A contemporary two-story home with a spacious garage, perfect for real estate bridge loans and investment opportunities.
Bridge Loans
Expanded Income Loans for Home Improvements.
Modern house with landscaped yard and garden.
Expanded Income Loans
Loan options for international clients seeking financial solutions.
A smiling woman using a tablet near a window, representing accessible loan services for foreign nationals.
Loans for Foreign Nationals
Home loan options for quick approval and competitive rates.
Simplify your home buying process with Preferred Rate's SmartBuy program.
Click n’ Close SmartBuy National DPA
Expanded Credit Loans living room with modern furniture and cozy decor.
Comfortable living room featuring yellow armchairs, a fireplace, and a flat-screen TV, ideal for home improvement financing options.
Expanded Credit Loans
Senior couple exploring reverse mortgage options on laptop.
Elderly couple discussing reverse mortgage benefits using a laptop at home.
Reverse Mortgages
Seller PreLock Program for homeowners to secure home sale options.
A woman reviews her home sale options on a tablet in a bright, modern kitchen, highlighting the Seller PreLock Program benefits.
Seller PreLock Program
Preferred Rate Pathway DPA Program interior design.
Spacious living room with contemporary furniture and a sleek kitchen setup.
Pathway DPA Program
Rhyze HELOC
Secure lock program for home safety and security.
Beautiful blue house featuring a secure lock program for enhanced home safety.
Secure Lock Program

Refinance With Purpose

Every refinance starts with a goal. Whether you want to lower your payment, shorten your term, or access equity, we’ll build a strategy around
what matters most to you.

Consolidate Debt

Simplify what you owe. Use your home’s equity to combine high-interest debt into one  payment.

Lower Payments

Improve monthly cash flow. Even a small rate adjustment can create  savings over time.

Get Cash Out

Access equity with intention. Turn your home’s value into funds for renovations, education, retirement, or financial goals.

Change to Fixed Rate

Stabilize your payment. Move from a variable rate to predictable payments built for long-term planning.

Refinance VA Loan

Use a VA refinance program to improve your terms, access cash, or reduce your monthly payment.

Discover your home’s value instantly.

Get a personalized home value report powered by real market data. Track equity, explore trends, and stay informed about your property and mortgage loan.

Home loan approval process with competitive rates at Preferred Rate. Secure your mortgage today with.
Beautiful suburban house at sunset, showcasing a cozy home with a well-maintained lawn and welcoming entrance.
Preferred Rate logo with financial graph and rate drop notification.
A logo for Preferred Rate featuring a financial graph and a notification about interest rate drops.

We'll watch the market for you

Set your target interest rate and we’ll notify you when it hits. No spam, just smart alerts.

Mortgage Loan Calculator

Estimate your monthly payment in seconds.

$400,000

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes.

Frequently asked
questions

With short and easy to understand answers.

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  • Competitive rates
  • Expert support
  • Easy process