Tennessee Home Buyer
1% Down Payment Assistance Program
About Tennessee’s Home Buyer Solution Gift Program
- The Tennessee’s Home Buyer Solution Gift Program is offered exclusively through The Lending Company.
- The program can provide up to 2.5% of down payment and closing costs.
- The program is available with FHA fixed 30 year mortgages.
- The buyer’s cost could be as low as 1%.
- You are under no obligation to repay money from the gift program.
- Interest rates are competitive.
- Loan guidelines are flexible.
- The program is not limited to first-time home buyers.
- The seller is encouraged to contribute up to 3% towards closing costs and other prepaid items.
- The program is not limited to foreclosures or vacant properties.
- Income limits may apply. Check with your loan officer.
- All borrowers must have a minimum credit score of 640.
- Non-occupants may act as co-borrowers.
- The gift program requires home buyer education.
For more information on the Tennessee’s Home Buyer Solution Gift Program, please fill out the form below: