Special offer

100% Financing in Williamson County Tennessee

By
Mortgage and Lending with SWBC Mortgage 740662

Did you know you can qualify for 100% financing in Williamson county Tennessee using the USDA Guaranteed Rural Housing Program.  USDA Rural Developement

Here are a few of the benefits:

  • Provides 100% loan-to-value financing for existing homes or new construction based on appraised value.
  • Available to low and moderate-income rural households.
  • No requirement to be a "first-time" home buyer.
  • Less up-front cash-to-close requirements for this program than for conventionally insured or FHA loans.
  • No monthly mortgage insurance required. One-time guarantee fee, payable to Rural Development (RD) at closing, which may be financed above the appraised value, for Purchases this equals 2.00% of loan amount
  • Fully amortized 30-year fixed-rate loans.
  • No penalty for pre-payment.
  • No maximum loan limit. Loan limits are dictated by the applicant's income with respect to program eligibility and loan repayment ability. Previous ties to FHA loan limits have been eliminated.

See the map for an overview of areas that may be eligible for USDA Rural Housing Loans.  (Final determination of property eligibility must be made by Rural Development.) Williamson County Tennessee 

Some of the communities that may be eligible are Fairview, Arrington, College Grove, Eagleville, and Rockvale.

And follow this link for the interactive map for Single Family Housing eligibility

For more information about loan programs in and around Williamson County please call Lee Barroll At First Community Mortgage, Inc at 615-243-1301 or email lee.barroll@fcmhomeloans.com

Franklin & Brentwood, TN Homes Mike Nastri
Keller Williams Realty - Franklin, TN
It matters to us as much as it matters to you.

Excellent post Lee and good news for moderate income families looking in these areas.  I know who to send my clients to when looking for this type of loan, or any mortgage loan for that matter.

Feb 28, 2010 11:41 AM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Lee Nice post. If you don't mind, I'll reblog this.

Mar 05, 2010 01:03 PM