First Time Home Buyers in Tennessee
THDA offers affordable mortgages and down payment assistance to First Time Home Buyers in Tennessee through local lenders such as Guaranty Trust. A first-time home buyer is considered anyone who has not owned their principal residence int he last three years, anyone buying in special targeted areas, or an honorably discharged or re-enlisted veteran and spouse. A brief overview of the three mortgage programs availabe are listed below. Rates are subject to change.
Great Rate:
- 5.2%
- FHA, VA, Rural Development and conventional
- Homebuyer education not required
Great Advantage:
- 5.5%
- 2% down payment and closing cost assistance
- FHA, VA, Rural Development, AND Conventional
- Homebuyer education is required
Great Start
- 5.8%
- 4% down payment and closing cost assistance
- FHA, VA, Rural Development and conventional
- Homebuyer Education is required
You can check out the THDA website for further information www.thda.org or you may contact me:
Amy Wood
Mortgage Loan Officer
Office: 615.907.2611
Cell: 615.796.9589
Email: amy.wood@guarantytrust.com
website: www.guarantytrust.com
First Time Home Buyers in Tennessee
Comments(0)