HOME BUYING IS AFFORDABLE!!
Your ticket to a new home may be through one of these loan programs:
1. Rural Development Loan- This loan is a 100% financing, and is available in several areas in Tennessee. White County, Van Buren County and parts of Putnam County are eligible for this loan program. Buyers can buy a home with little or no money out of pocket with competitive interest rates.
2. FHA loan- Another popular loan program, as this loan is government-backed and can be obtained for as little as 3.5% down payment. This loan is attractive to potential home buyers because qualification for this loan
may be a bit easier than other loan programs.
3. VA loan- Government guaranteed loans for eligible veterans, active duty personnel and surviving spouses. Offers competitive rates, low or no down payments.
4. Conventional loans- These loans are one of the most common home loans and are not backed by the US. They still need to meet guidelines and usually require down payments of 5% or more. These loans can be
some of the easiest loans to close, and have some of the best interest rates.
How much house can I buy?
Here are some examples of what a payment amount would be on your next home….more affordable than you might think!
(principal and interest)*
*Monthly payment estimate does not include taxes and insurance.