First Time Home Buyer Loans | Leaders Credit Union Skip to main content

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
Learn More
 

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
Learn More
 

Conventional Loans

Down payment options start at 3% or 5%
Lender paid mortgage insurance options
Gift funds allowed toward loan costs
$548,250 conforming loan limit
Quicker loan closing timeline
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Down Payment Assistance

 

THDA Great Choice Plus Loans

Available anywhere in Tennessee
Up to $7,500 in down payment/closing cost assistance
Assistance in the form of a 15-year second mortgage
Household income and purchase price limits vary by county
Learn More
 

 

Contact Mortgage Services

 

Apply Online

731.215.6678

35 Stonebridge Blvd | Jackson

homeloans@leaderscu.com