Getting a mortgage for your Tennessee home

From postcards with Greek Revival architecture to the excitng Music Row District and traditional glass of sweet tea served by locals,

Tennessee will never dull. In fact, the Volunteer state has very nice attractions such as the Great Smoky Mountains, The Parthenon, The Titanic Museum, Lookout Mountain and forests. Looking for big city life? Think of Nashville. The city's provides museums, theater, and of course music, along with a yearly four day event, the CMA Music Festival.

If you're thinking of purchasing a home in Tennessee, begin your loan application now, and you can have a pre-approval letter conveniently with you while you view homes.

In Nashville, TN we help borrowers in Davidson county and adjacent areas. In Knoxville, we serve Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane, and Union counties.

Currently a Tennessee homeowner? We can also help with mortgage refinancing!

Tennessee mortgage rates and trends

The mortgage rates in 2020 dropped to all-time lows nationwide due in large part to COVID-19. This resulted in millions of Americans benefiting from low lending rates and fees.

Tennessee mortgage rates experienced that trend as well, as some are noticing a steady rise in 2021. In spite of this, rates continue to be low by historical measures. In fact, regardless of when you got a mortgage, it's in your best interest to obtain a review from a trusted lender. A lower interest rate may bring you hundreds of dollars in monthly savings.

There are many factors that determine a borrower's mortgage interest rate, like credit scores, debt to income ratios. and loan to value. To secure he best possible rate, use a lender who will customize a loan program according to your goals. Allow the team at 1st Nationwide Mortgage help you through the many home loan choies, such as FHA, VA, Conventional, USDA, Jumbo and more.

Down payment assistance

Tennessee home buyers may qualify for down payment assistance. If you're looking to purchase a Tennessee home, let us help you understand what options and grants* are available to you.

Be sure to ask about:

• Tennessee Housing Developement Authority (THDA)
• Great Choice Home Loans
• Homeownership for the Brave
• First-time home buyer incentives
• Hardest Hit Fund
• Chattanooga Neighborhood Enterprise
• Citywide DPA (CWDPA) - Memphis
• NeighborhoodLIFT

*Actual assistance amount may vary based on the purchase city, credit score, and other financial requirements. Down payment assistance programs are at the city and/or state level and sometimes require a homebuyer education course to be completed before you apply. These loans and assistance are not funded by 1st Nationwide Mortgage.

Check with your mortgage consultant about potential savings today!

Refinancing your mortgage

• Is your monthly payment or interest rate very high?
• Do you have debts with high interest rates holding you down?
• Do you want to be free of your mortgage sooner?

If you answered yes to any of the questions above, it is highly recommended you set aide some time to speak with one of our Tennessee mortgage representatives. Find out about the advantages of home refinancing, and you might be experience tremendous savings of nearly $500, $1,000 or more every month.

Why 1st Nationwide Mortgage?

We're a national mortgage lender that's committed to assisting homeowners and those searching to buy their first home. Our dedicated mortgage consultants work hard to customize the right loan program for your financial goals. We're able to streamline the process by doing most of the work online, creating a less time consuming experience for you so you can tend to your daily needs.

5810 Shelby Oaks Dr
Memphis, TN 38134