Need Downpayment Assistance? 100% Financing ? Get a load of What Tennesseans are being offered!

In a day when rents just keep getting higher, and the mortgage industry seems to be tighter and tighter, first time homebuyers are being given many 100% financing options. Here are a few listed below:

The most interesting and exciting one that has come about in the last few months is what The Housing Fund of Tennessee is offering. They took back some homes and rather than send them to foreclosure, they decided to finish them and offer assistance on the purchase. As an incentive, home buyers can purchase these hme with no money down, and the Housing Fund is offering a 25% down payment assitance. This assistance allows the home buyer to get into a nicer home with a lower payment, no mortgage insurance, and a super affordable payment. To find out more information about this please call me at 615-289-6056 or you can visit the website at www.thehousingfund.org They have the details about the downpayment assistance.

The second option is provided through THDA which is a grant for first time homebuyers to purchase a home. Decent credit scores and a debit ratio of 41% or less is needed to qualify. THDA provides a grant for the downpayment allowing to the buyer to purchase the home without money for downpayment. This is also being offered to anyone who hasn't purchased a home within 3 years.

Additionally, Regions Bank has also come out with a program for 100% financing. They are offering a great program for lower priced homes. For more information on this program, contact me at mariaholland@comcast.net or 615-289-6056 and I will put you in touch with a local lender.

If you want to buy a home in Tennessee and quit paying high rent, they are many possibilities. Knowledge about these programs is power to get you in a house quickly and affordably. Call me today!