First Time Home Buyer
First time buyers have an abundance of programs available
in the Warren County area. Most programs are limited
based on the participant's incomes. However, these
limitations are normally generous and a majority of
first time buyers can take advantage of these programs.
THDA (Tennessee Housing Development Authority)
offers four different programs. The "Homeownership" program
is designed for low and moderate-income borrowers.
The "Start" program is designed for VERY low-income
borrowers. In addition, THDA offers a "Plus" second
mortgage in conjuction with the Homeownership or
Start first mortgage to assist with down payment
and in the case of the Start program, the closing
costs.
Lower Interest Rates:
"Homeownership" Programs are offered at 7% fixed
rate, subject to change, while the "Start" Programs
are offered at 5.5% fixed rate, subject ot change.
Lower Down Payment Programs:
Participating lenders allow buyers to buy homes
with as little as 3% down! This is far better
than the "normal" down payment required to buy a home.
With the "Plus", we can eliminate your closing
costs too.
Program limitations:
The above programs are generally available to
people who have not owned a home in the past three
years. Program availability varies. Some programs
cannot be used in conjunction with other programs
and not all programs may be available at the same
time. Call us for an update on what programs are
available and best suit your needs.
Special Help for First Time Buyers:
My staff and I take special care of our clients,
especially our first time buyers. We will
help you all the way through the purchase and closing
of your home. We will assist you in finding
your
home, negotiating the price and terms, finding
suitable financing, inspections and closing.
We have helped many 1st time buyers find the perfect
home. IMPORTANT: We can help you buy any
house on the market listed with any Realtor®. Please
call us at 931-473-6010 or 1-888-473-6010.
If you are in the military or a veteran visit
our Veteran’s Page.
You can also view our Relocation
Page , Selling
Page or search for a listing.
Thank you for visiting our web page we are
happy to be able to serve you.
If you would like to take advantage of
available first time buyer programs and work
with a competent agent who cares, please
contact us via E-mail or
call me at (931) 473-6010.
|