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companies that help with down payment assistance in Tennessee?

by musicalrachel77462 from Manchester, Tennessee. May 19th 2015 Reply


Nancy J Releford (nancyreleford)
#4 ranked lender in Tennessee - 225 contributions

There really are no down payment assistance programs, other then THDA which depending on the program you can obtain 100% financing & help with closing costs.There is also a rural housing program that offers 100% financing, with this program the property address has to be eligible & this is for rural property. There is also a 100% financing for a VA loan if you are a veteran. Hope this helps.

May 19th 2015
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Victor Emmel (victoremmel)
#92 ranked lender in Utah - 20 contributions

We have the THDA Great Choice program available statewide in Tennessee plus multiple program for specific areas (cities and counties). Feel free to contact Victor Emmel at PrimeLending.

May 19th 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,243 contributions

Best bet is someone local that knows the options for your area - which may be few. Most states have something like THDA, and 100% USDA loans are available in designated rural areas of every state. The other option in TN that effectively gives you 100%financing is to purchase a "HUD House" where you can finance up to $100 less than the purchase price plus any needed/desired improvements to that home with a standard FHA or FHA 203k mortgage. The limitation is this financing is only available for specific homes. (www.hudhomestore.com) Good luck!

May 19th 2015
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