FIRST TIME HOME BUYER PROGRAMS TENNESSEE

FHA First Time Home Buyer Programs have been helping Tennessee residents since 1934 

 

FIRST TIME HOME BUYER PROGRAMS TENNESSEE

A knowledgeable & licensed Tennessee 'First Time Home Buyer Program' Specialist can offer you a better loan including:

  • Low down payments (if any)

  • 24 Hour Pre-Approval

  • Low closing costs

  • Easier credit qualifying

  • Access to many of the unique

    State Specific Federal Government Backed Programs that may be available to Tennessee First Time Buyers.

Tennessee First Time Home Buyer Loan

If you’re buying your first home, then this is the perfect place to start. And don't fear: We have the first time home buyer specialist that answer all the questions you want to ask, — and, those you haven't thought of yet.  home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in Tennessee with help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

Tennessee USDA Home Loan

If you live in a small town, rural area or farmlands situated in a location approved by USDA Rural Development, you may be able to purchase a home with up to 100% financing. The United States Department of Agriculture (USDA) were designed to encourage rural development, meaning city homes are excluded. United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it can feel confident in your home financing decisions with step-by-step guidance from an experienced USDA Mortgage Banker.

 

Buying a 'Fixer Upper' in Tennessee & Adding Additional Funds for Home Improvements

An FHA 203K Purchase and Rehab Loan can work in this situation. The 203K has many advantages. Put simply it is a mortgage insured by FHA that allows a home buyer to add rehab funds into a mortgage.

VA Veterans Home Loans in Tennessee

The VA Home Loan is a Federal Program designed for United States Armed Forces, Military Retiree, Veterans, National Guard and Reservists, as well as Spouses.

Tennessee Construction Home Loan

At last, a single loan that lets borrowers finance the construction of their home. You can even 'bundle the purchase of the land' land with your construction loan under what is called the 'One Time Close' loan. Guidelines for this program, can be found by clicking here: 'FHA Construction Loan Programs'  or here: 'VA Construction Loan Programs'

Buying a 2 Family or 3 Family Investment Property in Tennessee

You can buy from a duplex residence all the way up to a 4 unit home with a Government Backed FHA Loan , as long as the property is owner occupied. .

TENNESSEE FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

TENNESSEE FHA Lending Limits 2017

TENNESSEE Median Home Sale Price Price $162,400
County Name Single Duplex 3 Unit 4 Unit
ANDERSON $275,665 $352,950 $426,625 $530,150
   KNOXVILLE, TN
BEDFORD $275,665 $352,950 $426,625 $530,150
   SHELBYVILLE, TN
BENTON $275,665 $352,950 $426,625 $530,150
BLEDSOE $275,665 $352,950 $426,625 $530,150
   NON-METRO
BLOUNT $275,665 $352,950 $426,625 $530,150
   KNOXVILLE, TN
BRADLEY $275,665 $352,950 $426,625 $530,150
   CLEVELAND, TN
CAMPBELL $275,665 $352,950 $426,625 $530,150
   KNOXVILLE, TN
CANNON $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
CARROLL $275,665 $352,950 $426,625 $530,150
CARTER $275,665 $352,950 $426,625 $530,150
   JOHNSON CITY, TN
CHEATHAM $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
CHESTER $275,665 $352,950 $426,625 $530,150
   JACKSON, TN
CLAIBORNE $275,665 $352,950 $426,625 $530,150
CLAY $275,665 $352,950 $426,625 $530,150
COCKE $275,665 $352,950 $426,625 $530,150
   NEWPORT, TN
COFFEE $275,665 $352,950 $426,625 $530,150
   TULLAHOMA-MANCHESTER, TN
CROCKETT $275,665 $352,950 $426,625 $530,150
   JACKSON, TN
CUMBERLAND $275,665 $352,950 $426,625 $530,150
   CROSSVILLE, TN
DAVIDSON $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
DECATUR $275,665 $352,950 $426,625 $530,150
DEKALB $275,665 $352,950 $426,625 $530,150
DICKSON $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
DYER $275,665 $352,950 $426,625 $530,150
   DYERSBURG, TN
FAYETTE $275,665 $352,950 $426,625 $530,150
   MEMPHIS, TN-MS-AR
FENTRESS $275,665 $352,950 $426,625 $530,150
FRANKLIN $275,665 $352,950 $426,625 $530,150
   TULLAHOMA-MANCHESTER, TN
GIBSON $275,665 $352,950 $426,625 $530,150
GILES $275,665 $352,950 $426,625 $530,150
GRAINGER $275,665 $352,950 $426,625 $530,150
   KNOXVILLE, TN
GREENE $275,665 $352,950 $426,625 $530,150
   GREENEVILLE, TN
GRUNDY $275,665 $352,950 $426,625 $530,150
HAMBLEN $275,665 $352,950 $426,625 $530,150
   MORRISTOWN, TN
HAMILTON $275,665 $352,950 $426,625 $530,150
   CHATTANOOGA, TN-GA
HANCOCK $275,665 $352,950 $426,625 $530,150
   NON-METRO
HARDEMAN $275,665 $352,950 $426,625 $530,150
HARDIN $275,665 $352,950 $426,625 $530,150
HAWKINS $275,665 $352,950 $426,625 $530,150
   KINGSPORT-BRISTOL-BRISTOL, TN-VA
HAYWOOD $275,665 $352,950 $426,625 $530,150
HENDERSON $275,665 $352,950 $426,625 $530,150
HENRY $275,665 $352,950 $426,625 $530,150
   PARIS, TN
HICKMAN $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
HOUSTON $275,665 $352,950 $426,625 $530,150
   NON-METRO
HUMPHREYS $275,665 $352,950 $426,625 $530,150
JACKSON $275,665 $352,950 $426,625 $530,150
   COOKEVILLE, TN
JEFFERSON $275,665 $352,950 $426,625 $530,150
   MORRISTOWN, TN
JOHNSON $275,665 $352,950 $426,625 $530,150
KNOX $275,665 $352,950 $426,625 $530,150
   KNOXVILLE, TN
LAKE $275,665 $352,950 $426,625 $530,150
LAUDERDALE $275,665 $352,950 $426,625 $530,150
LAWRENCE $275,665 $352,950 $426,625 $530,150
   LAWRENCEBURG, TN
LEWIS $275,665 $352,950 $426,625 $530,150
LINCOLN $275,665 $352,950 $426,625 $530,150
LOUDON $275,665 $352,950 $426,625 $530,150
   KNOXVILLE, TN
MACON $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
MADISON $275,665 $352,950 $426,625 $530,150
   JACKSON, TN
MARION $275,665 $352,950 $426,625 $530,150
   CHATTANOOGA, TN-GA
MARSHALL $275,665 $352,950 $426,625 $530,150
   LEWISBURG, TN
MAURY $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
MCMINN $275,665 $352,950 $426,625 $530,150
   ATHENS, TN
MCNAIRY $275,665 $352,950 $426,625 $530,150
MEIGS $275,665 $352,950 $426,625 $530,150
MONROE $275,665 $352,950 $426,625 $530,150
MONTGOMERY $275,665 $352,950 $426,625 $530,150
   CLARKSVILLE, TN-KY
MOORE $275,665 $352,950 $426,625 $530,150
   TULLAHOMA-MANCHESTER, TN
MORGAN $275,665 $352,950 $426,625 $530,150
   KNOXVILLE, TN
OBION $275,665 $352,950 $426,625 $530,150
   UNION CITY, TN-KY
OVERTON $275,665 $352,950 $426,625 $530,150
   COOKEVILLE, TN
PERRY $275,665 $352,950 $426,625 $530,150
PICKETT $275,665 $352,950 $426,625 $530,150
POLK $275,665 $352,950 $426,625 $530,150
   CLEVELAND, TN
PUTNAM $275,665 $352,950 $426,625 $530,150
   COOKEVILLE, TN
RHEA $275,665 $352,950 $426,625 $530,150
   DAYTON, TN
ROANE $275,665 $352,950 $426,625 $530,150
   KNOXVILLE, TN
ROBERTSON $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
RUTHERFORD $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
SCOTT $275,665 $352,950 $426,625 $530,150
SEQUATCHIE $275,665 $352,950 $426,625 $530,150
   CHATTANOOGA, TN-GA
SEVIER $275,665 $352,950 $426,625 $530,150
   SEVIERVILLE, TN
SHELBY $275,665 $352,950 $426,625 $530,150
   MEMPHIS, TN-MS-AR
SMITH $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
STEWART $275,665 $352,950 $426,625 $530,150
SULLIVAN $275,665 $352,950 $426,625 $530,150
   KINGSPORT-BRISTOL-BRISTOL, TN-VA
SUMNER $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
TIPTON $275,665 $352,950 $426,625 $530,150
   MEMPHIS, TN-MS-AR
TROUSDALE $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
UNICOI $275,665 $352,950 $426,625 $530,150
   JOHNSON CITY, TN
UNION $275,665 $352,950 $426,625 $530,150
   KNOXVILLE, TN
VAN BUREN $275,665 $352,950 $426,625 $530,150
WARREN $275,665 $352,950 $426,625 $530,150
   MCMINNVILLE, TN
WASHINGTON $275,665 $352,950 $426,625 $530,150
   JOHNSON CITY, TN
WAYNE $275,665 $352,950 $426,625 $530,150
WEAKLEY $275,665 $352,950 $426,625 $530,150
   MARTIN, TN
WHITE $275,665 $352,950 $426,625 $530,150
WILLIAMSON $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK
WILSON $466,900 $597,700 $722,500 $897,900
   NASHVILLE-DAVIDSON--MURFREESBORO--FRANK