tennessee: What are the FHA Loan Limits in Nashville TN - 12/07/14 06:25 AM
What are the FHA Loan Limits in Nashville TN
FHA loans offer a great opportunity to open the door to home ownership to many home buyers that would likely would not be able to qualify for a loan for the purchase of their new home.
FHA loans in Nashville TN have a much more relaxed and forgiving approach to underwriting in regards to:
     -Credit: Whith credit scorea allowed as low as a 620,   homebuyers  with past credit struggles such as bankruptcy and foreclosures can qualify in as little as 1 year after filing chapter 13, 2 years after discharge of chapter 7 and … (1 comments)

tennessee: Great View Near Crossville TN - 07/17/13 03:48 AM
4 bedroom 3 bath with a great view near Crossville, TN.  Take Hwy 127 N to Hwy 62 then East for 10 miles and you will be at home in paradise.
Great home in the country with room for horses, livestock on this 7 acre mini farm.  It has 4 bedroom 3 bath with a great view of mountains
(1 comments)

tennessee: USDA Rural Development Loans in Tennesse - 07/09/13 01:31 AM
USDA Rural Development Loans in Tennesse
Are you wanting to buy a home in the state of Tennessee? Well, if you are willing to buy a home outside of a larger city you may benefit from a  USDA Rural Development Loan. Backed by the United States Department of Agriculture, these “no down payment” loans are helping add a little ease to the home buying process.
 
Popular Benefits of a USDA Rural Development Home Loan include:
 ■100% Financing up to the appraised value 
 ■Abilty to include closing cost into the loan if the home appraises for enough
 ■Flexible Tennessee credit qualifications(Perfect … (1 comments)

tennessee: FHA Loan Limits in Nashville Tennessee - 05/10/13 06:06 AM
FHA Loan Limits in Nashville and Tennessee 2015
FHA loans are a great resource that opens the door to home ownership to many buyers that otherwise would not be able to qualify for a loan for the purchase of their new home.
FHA loans have a much more relaxed and forgiving approach to underwriting in regards to:
     -Credit: Credit Scores as low a 620,   Buyers with past credit issues such as bankruptcy and foreclosure can qualify in as little as 1 year after filing chapter 13, 2 years after discharge of chapter 7 and 3 years after a … (1 comments)

tennessee: Refinance USDA RD Loans in Tennessee, No Appraisal or Credit Check - 05/09/13 02:16 AM
On February 1, 2012, the Federal Government Announced a Rural Development  Pilot Program to Assist Rural Borrowers Refinance their USDA Rural Development Mortgages to Get Lower Interest Rates and Payments
The program removes many obstacles that have prevent Tennessee homeowners from refinancing and taking advantage of historical interest rates.Previously many homeowners have wanted to refinance thier home loan to a more affordable monthly payment only to find that they did not have enough equity in the home to qualify.  Unfortunately the value of their home had decreased like so many others in recent years leaving them no opportunity to refinance.   … (0 comments)

tennessee: Buy a Home in Murfreesboro, TN with Zero Down; Rural Development loan - 04/03/13 10:47 AM
The  Tennessee Rural Development Loan Program is designed to help home buyers outside of population areas, such as Murfreesboro, TN  buy a new home without having to struggle to come up with a down payment, which is the reason that many would be homebuyers are unable to buy.
While the homes in the city limits of Murfreesboro Tennessee are not eligible Rural Development Financing, as you can see from viewing this map, you do not have to go far outside of Murfreesboro, Tennessee to find an area that is eligible for the Rural Development loan program and the no down payment opportunity.  … (0 comments)

tennessee: Rural Development Loan in Columbia Tennessee, No Down Payment Required - 04/03/13 05:56 AM
You can buy a home in the Columbia Tennessee area with no money down
The  Tennessee Development Loan Program is designed to help home buyers outside of population centers purchase a new home without having to overcome the hurdle that keep so many from the dream of home ownership, down payment.
While the homes in the city limits of Columbia Tennessee do not qualify for Rural Development Financing, as you can see from the map below, you do not have to go far outside of Columbia to find an area that is eligible for the Rural Development loan program and the … (0 comments)

tennessee: Tennessee USDA Rural Development Loan; No Down Payment Required - 03/30/13 11:06 AM
Tennessee USDA Rural Development Home Loan
 
The USDA Rural Development loan is a great opportunity for Tennessee Homebuyers.  It is one of the only loans that will allow you to buy a home without having to have a down payment.  And regardless of what is stated on the news and media, one's credit history does not have to be perfect to qualify for a home loan. A Tennessee homebuyer can qualify for a USDA Rural Development loan in only 2 years after a hardship event that may have hurt their credit.
     We also offer VA loans with … (1 comments)

tennessee: VA Loans Clarksville TN and Ft Campbell - 03/15/13 08:29 AM
VA Loans Clarksville, Tennessee
If you are researching for ways to buy your own home near Clarksville, Tennessee because you're stationed at Fort Campbell  you've come to right place!  We can help you get through the process and save you some money!  Many  people think that buying a house and going through the home loan process can be one of the most difficult things to do in life, but we pride ourselves in  making the home loan process easy and understandable for you. 
One of the ways we can do this is to see if you're eligible to get a VA … (0 comments)

tennessee: Rural Development Loans in Jackson TN, Buy a Home with no down payment - 02/25/13 02:46 PM
Jackson is the county seat of Madison County, Tennessee.  The total population of the city at the 2010 Census was 65,211.
The city of Jackson is the only area in Madison county that is not eligible for 100% financing using the USDA Rural Development home loan.  Rural Development, or RD loan allows buyers in eligible areas purchase a home without a down payment.  They are able to finance 100% of the purchase price of the home. However, the program has income as well as geograhic limits.  The income limits are based on the size of the family and takes into account … (1 comments)

tennessee: USDA Eligible areas around Memphis Tennessee - 02/25/13 01:31 AM
The USDA Rural Development loan program helps home buyers in eligible areas purchase a home with no down payment.  The eligible areas include all of Fayette and Tipton counties, but  does not include population centers such as Memphis, Bartlett Germantown and Millington.  However areas near Memphis and part of the Memphis Metopolitan area do have areas and homes that would qualify for the program.  
 

 
 
As you can see from the map above that areas North of Millington are eligible as are areas North and even  slightly South of Hwy 385; areas such as Lakeland and Arlington. … (0 comments)

tennessee: USDA Property Areas in Tennessee. RD Eligible Counties - 02/23/13 10:47 AM
All areas of the counties listed below are eligible for USDA Rural Development loans in the State of Tennessee.  A USDA loan can be used to purchase a home in any of these counties with no down payment, USDA provides 100% financing in these areas.
 
 
It is important to verify the home you want to buy in the counties above does in fact fall into one of the eligbile areas.  It is possible that houses that are next door to each other may fall into differnet categories.  One may qualify for the RD program, and the other one may … (2 comments)

tennessee: USDA Rural Development Success in Cookeville, TN - 02/08/13 06:35 AM
USDA Rural Development helps another Cookeville Tennessee Family get their dream home.
"Bill and Mary Ann your persistance and dedication has made a family dream come true.  Thank the both of you for being patient with us and for believing 'Yes We Can'.  Be Blessed"
 
It feels great to get notes like the one above from a family that is happy to be moving into their new home.  We knew from the beginning that it was going to be difficult to get the loan approved.  Yet, knowing the guidelines and how the USDA office was going to look at the … (1 comments)

tennessee: What is a VA Loan - 02/06/13 12:04 AM
The VA Loan program started 1944 as part of the original Servicemen's Readjustment Act also known as the GI Bill. The GI Bill was signed into law by Roosevelt and provided veterans with a federally guaranteed home loan that did not require a down payment. This feature allowed the dream of home ownership to become a reality for millions of veterans. The GI Bill contributed more than any other program in history to the welfare of veterans and their families.
With more than 22 million veterans and service personnel eligible for a VA loan, this loan is attractive and has … (1 comments)

tennessee: Information for First Time Home Buyer Loans in Farragut TN - 01/21/13 07:05 AM
First Time Home Buyer Loans in Farragut TN
Many first time home buyers come to us confused by the many first time home buyer loans in Farragut that are available for financing their first home.  Not only that, but there is so much real estate industry-specific terminology to learn and understand, that the home buying process can be confusing and intimidating.
In this article, I will explain the most common first time home buyer loans Farragut in TN so that you will understand the options and requirements more clearly.  As always, we are available as a resource if you have specific questions about these programs or any … (0 comments)

tennessee: Can I buy a Home with bad credit in Cookeville, TN, Learn how to overcome credit hurdles and buy your new home - 04/12/12 09:58 AM

 Can I Buy a Home With Bad Credit  
 
 
See Video's at Bottom of this Page 
 
I talk to people every week  in Tennessee that want to buy a home, but are having much difficulty achieving their dream of home ownership due to problems with their credit history. It may have been a late house payment, car payment, student loans, medical bills and even more serious issues such collections and judgements. Cookeville home buyers have found that  these are all issues that can stand between someone and their desire to purchase their new home in Cookeville and … (1 comments)

tennessee: FHA Mortgage Insurance Increases For Tennessee April 1, 2012 - 03/05/12 12:18 AM
On April 1, 2012, FHA mortgage insurance premiums (both the upfront and monthly Premiums) will increase to replenish the FHA depleted accounts.
Although FHA  mortgage interest rates continue to remain at all-time lows, FHA mortgage fees are increasing, making the cost of buying a home or refinancing a home more expensive.  The consecutive increase in FHA mortgage insurance premiums may limit a home buyers “buying power” but protects the nations primary “low cost” mortgage program for homebuyers. 
There was a great article in the Washington Post explaining the current financial situation of FHA if you are interested in learning more – … (1 comments)

tennessee: VA Streamline Refinance (IRRL or VA Rate Reduction) for Investment Non-Owner Occupied Homes - 02/02/12 10:37 AM
Can I get a VA IRRRL Streamline Refinance for my Rental home?  
This is a common question for Veterans and Active Duty Military Personell who have utilized their VA Benefit to purchase a home using a VA Loan, and then are transferred to another area, often via PCS.   Or if they have purchased another home to adjust to a new family size or larger home, etc.  
So what is the answer to the question - Can I get a VA IRRRL Streamline Refinance for my Non-owner occupied home?  (AKA Rental Home or Investment home).  The answer is Yes!   … (0 comments)

tennessee: How Tennessee Veterans can Obtain a VA Loan for Their New home - 01/17/12 11:20 AM


Tennessee VA Home Loan - It is an honor when I get the opportunity to help U.S. military  veterans and their family purchase a new Tennessee  home together. Providing great care and service throughout  the home loan process is the best way that I can say  , “Thank You” to our U.S. Veterans.
 
The Benefits of using the VA Home Loan Program (1) Zero Down Payment(2) No Mortgage Insurance(3) 640 Minimum Credit Score(4) Relaxed Underwriting Guidelines
5 Easy Steps To A Tennessee VA Home Loan 1. Obtain a Certificate of Eligibilty  (We can help if you do not have your your … (0 comments)

tennessee: Top Reasons to Refinance Your Mortgage - 09/15/11 05:44 AM
Naturally, if you’re paying 5% for your mortgage and you can refinance at 4%, you’re gonna do it. Although cutting your monthly payment remains an prime motivation, there are at least five other reasons people often consider a mortgage refinance.
1. Change your mortgage term If you decrease the term of your mortgage in a refinance by going from a 30-year to a 15-year, you’ll pay a lower interest rate and shorten your overall interest costs. You will build  more equity much quicker , and pay off your home much  sooner, even though your monthly payments may go up slightly.  This … (0 comments)

 
Bill McDonald, VA, USDA, FHA Government Loans - (865) 686-8711 (Van Dyk Mortgage ) Rainmaker large

Bill McDonald

VA, USDA, FHA Government Loans - (865) 686-8711

Knoxville, TN

More about me…

Van Dyk Mortgage

Address: 57 Maple Grove Dr , Ste 202, Crossville, TN, 38555

Office: (866) 435-6553

Fax: (866) 435-6552

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