I think I just have to talk about THDA Loans. They are loans in Tennessee for people that have not owned a home in the last three years. Most mortgage originators and companies don't like to fool with them, because they are a little more paperwork and they don't make as much money on them.
But they are without equal in the marketplace. Where else today can you get a fixed rate loan to buy a home up to $226,000 with a fixed rate of 5.7%, nothing down and the seller pay all the closing cost? On a $150,000 loan that is a payment of about $1,090 (encluding estimated taxes and homeowners insurance. Try renting that home for that.
My compeditors will tell you they have something better, but they don't. I will help you compare.
