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FHA
VA
VA Funding Fees
RURAL DEVELOPMENT
HOMEPATH
ZERO DOWN
REFINANCE
SECOND HOMES
Blount Home Mortgage Programs

FHA

Whether you are a first-time homebuyer or not, we can help

you to purchase a home with as little as  3.5% down payment.

 

The 3.5% downpayment may be own funds, gift, or grant

  1. PURCHASE - 3.5% DOWN PAYMENT IS REQUIRED
  2. REFINANCE - UP TO 97.75% LOAN TO VALUE
  3. CASHOUT/DEBT CONSOLIDATION - UP TO 85% LOAN TO VALUE

 

FHA loans require a 580 middle credit score to qualify!

 

Must be primary residence

Single family residence

Manufactured home are eligible

(please consult with loan officer for guidelines!

*Structural engineer report may be required on manufactured home

*ALL APPRAISALS MUST BE HUD/FHA REQUIREMENTS


VA

100% purchase on a home using your VA eligibility

 Each veteran must meet all VA requirements.

Must obtain a certificate of eligibility. DD214 required.

Available Programs: 15,20,25 & 30yr fixed rate loans, 5/1 ARM

 

580 middle credit score is required!

 

 
  • Minimum 580 credit score is required
  • Manufactured or single family residence
  • Loan amounts including the funding fee are limited to $417,000

*structural engineer report may be required on manufactured homes.  NO single wide eligible.

No private mortgage insurance on all VA loans.

 

 

 

 

 


VA Funding Fees

Funding Fee:         Down      /      % for 1st time use

   

                                     

 

Regular Military:   0 down / 2.15%  or ( up to 10%) 5% or more / 1.50%  or  10% or more /1.25%           

Reserves/ NG: 0 down / 2.4% or (up to 10%)  5% or more / 1.75 or 10% or more /1.5%    

                                  


RURAL DEVELOPMENT

        No alternative trade lines needed unless credit is thin.

  • 620 Middle Credit Score
  • 2 years of consecutive work/education with no gaps
  • 2 years of w2 and tax returns
  • If self employed, must have 2 years of self employment income reporting on 2 years of tax returns

 

 

Single family residence only

Some manufactured homes on a perm foundation

Borrower can not currently own a home

No inground swimming pools

Household income restrictions do apply

No barns or farm income

All repairs required by the appraisal must be completed prior to closing

*Please consult with loan officer for details.


HOMEPATH

Loan Term

  • 30- Year Fixed
  • NO appraisal required!
  • NO private mortgage insurance!
  • 1-2 Unit Properties, PUD's, Condos
  • NO manufactured home
  • Properties must be designated by Fannie Mae on the www.homepath.com website are eligible for HomePath financing.

 

Primary Residence

  • 620 Middle Credit Score required for 97% LTV!
  • Seller may pay up to 6% of buyers closing costs

Second Home-660 Middle Credit Score

  • 90% LTV- borrower must contribute 5% own funds
  • Seller may pay 6% of buyer's closing costs

Investment Properties- 660 Middle Credit Score

  • 85% LTV - borrower must contribute 5% of own funds
  • Seller may pay 2% of buyer's closing costs

ZERO DOWN

TRUE ZERO DOWN PAYMENT IS STILL HERE! 

 

SELLER MAY BUY UP TO 6% OF BUYER'S CLOSING COST

2 TYPES OF 0 DOWN PAYMENT FINANCING

1.  VA

2.  USDA/RD

 

 

 

 

 GET PRE-APPROVED WITH AN EXPERIENCED LOAN

OFFICER TODAY


REFINANCE

Do you need a lower interest rate?

Do you need a shorter term?

Do you need a lower monthly payment?

Do you need cash-out for debt consolidation?

Up to 80% loan to value available for cash-out and debt consolidation!

Up to 97.75% on rate/term refinances!

Call today and let's see what we can do!

 
  • CASH-OUT, DEBT CONSOLIDATION LOANS UP TO 80% LOAN TO VALUE

 

  • LOWER INTEREST RATE OR TERM LOANS UP TO 97.75% LOAN TO VALUE

SECOND HOMES

Are you planning for your future?

Want to enjoy your retirement in Tennessee?

Does your job require traveling to Tennessee?

Second homes are very popular in Tennessee due to our beautiful seasons.

 

Let us help you with your purchase with as low as a 5% down payment


Blount Home Mortgage Programs

FHA - PURCHASE OR REFINANCE

VA - PURCHASE OR REFINANCE

USDA/RD - PURCHASE OR REFINANCE

HOMEPATH - PURCHASE

SECOND HOME - PURCHASE OR REFINANCE

INVESTMENT - PURCHASE OR REFINANCE

LAND/LOT/ACREAGE

Property types:  SINGLE FAMILY, MODULAR, DOUBLEWIDES , CONDO, PUD, LAND, LOT, AGREAGE

 

Blount Home Mortgage, Caccavale Solutions Group, and The Brandon Team offer a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

Ask about our Non QM programs!!!!

  • 25 year fixed rates
  • True 30 Year Fixed Rates
  • Interest Only Rates
  • Short Term Rates


Common Items Needed to Process Your Loan

  1. Last two years w-2 forms and/or 1099 and complete tax returns
  2. Current pay stubs covering latest full month
  3. Last two months bank statements on all accounts (all pages)
  4. Social security/disability awards letters
  5. Statements of retirement, stock, bond, cd, 401k accounts (all pages)
  6. Last two year tax returns (if self-employed or commssion paid)
  7. Last two year business tax returns
  8. Lease agreements (if rental income is needed)
  9. Divorce papers
  10. Bankruptcy papers
  11. Copy of identification i.e. driver's license, social secuirty card, passport, etc.

Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $12,510. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,001 with closing costs of $12,510. Your actual APR may be different depending upon these factors.