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First Time Home Buyer Loans

Featured First Time Home Buyer Loans


No Down Payment Options


USDA Loans

Most geographic areas are eligible
Low monthly mortgage insurance
Multiple closing cost options
Low, fixed interest rates
Reasonable qualification criteria
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In-House Loans

Most West Tennessee areas are eligible
Common sense, local underwriting
Quicker loan closing timeline
Local long-term loan servicing
May avoid mortgage insurance
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Low Down Payment Options


FHA Loans

Only 3.5% down payment
Low, fixed interest rates
More flexible qualification criteria
Gifts funds allowed toward loan costs
Up to 6% seller concessions
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Conventional Loans

Down payment options start at 3% or 5%
Lender paid mortgage insurance options
Gift funds allowed toward loan costs
$647,200 conforming loan limit
Quicker loan closing timeline
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Down Payment Assistance


THDA Great Choice Plus Loans

$6,000 Deferred Option (No Payment)
6% of Home Sale Price Amortized Option (Payment)
Not Just for First-Time Homebuyers
Household Income and Purchase Price Limits Vary by County
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Contact Mortgage Services


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35 Stonebridge Blvd | Jackson