First Time Home Buyers in Tennessee

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