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what is the policy of the first home buyer in Nashville, TN

We are going to purchase a single family house. Want ot know the policy of first home buyer and the best rate for loan? by Joshua Zhang from Nashville, Tennessee. Jan 31st 2011 Reply


Rich Constantine (rconstantine)
#400 ranked lender in California - 79 contributions

Basically, you would start and find out what you can afford to purchase. Work down from there. Then we can find you a Realtor. Go into battle knowing what you are armed with. You must have 50% or less on your Debt To Income ratios to qualify. Financing up to 100% on VA (Vet) or USDA. FHA requires 3.5% down and can be a gift from family. Rates are low, but uncertainty is brewing around the World. I lend in all 50 States. I have low rates and fees. Get a couple quotes and call it a day.

Feb 7th 2011
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DOUG CAPPS (DOUG CAPPS)
#1 ranked lender in Mississippi - 203 contributions

Hi Joshua,I'm licensed in TN, but I don't originate many loans outside Memphis, TN - which is more our local market, so I won't be as familiar with your area.Purchasing in general - whether your are a first-time home buyer or not, will greatly depend on your current credit score and down payment capability.The best place to start would be to get a lender referral from a local Realtor your working with. This way you can alliance yourself with someone your Realtor knows and trusts.I would be more than happy to answer any questions you may have. If you have more, you can email me at dougc@fairwaymc.com. Thank you! Doug CappsFairway Mortgage

Jan 31st 2011
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Nancy J Releford (nancyreleford)
#4 ranked lender in Tennessee - 222 contributions

Hey Josh, the other 2 people that answered your question prior to me are right in what you're going to require. The good news is you have options, but too many variables for a simple answer. I am located in Murfreesboro TN just outside of Nashville. I have been in the mortgage industry for 24 yrs. Give my office a call if you would like to discuss your options further. Thanks Nancy Releford

Jan 31st 2011
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Charlie Camp (CharlieC)
#60 ranked lender in Florida - 3 contributions

Joshua:The process has become very frustrating and time consuming. Be prepared to give whom ever you trust your business to a great deal of paper work. I hope you are a patient person. Wish I could help however, I'm not licensed in Tennessee.Charlie

Feb 1st 2011
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Patrick McCarthy (PatrickM)
#23 ranked lender in Ohio - 196 contributions

Hi Joshua. I am able to facilitate first time home buyer loans in your area. Depending upon whether you have downpayment money or not may dictate the financing you would need. There are loans that require no downpayment, such as VA (If you are a veteran) and USDA for specific governement designated areas. FHA requires 3 1/2 % down payment, but that can be a gift or come from a down payment assistance program in your area. Feel free to call on me if you would like more information about your qualifications and what is available to you.Patrick McCarthyNorthpointe Mortgage866-901-3576 direct

Feb 1st 2011
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