Last week we were notified by THDA (Tennessee Housing Development Agency ) that the acquisition limit for Davidson County MSA has been raised to $275,000. That means the first time buyers (defined as borrowers who have not had a marital interest in a home in three years) can buy a home up to $275,000. With our help the transaction can be structured with little to no cash needed by the borrower. That particular program has rates so low that the mortgage payment will very likely be less than rent. Also, do you know how nice the home that you get for $275,000 might be? Why would you be paying rent?
Just saying. That’s all.
Should you have any qeustions or need help with any of this, please feel free to contact me at my office, 615-777-4663 (HOME), my cell 615-481-4656 (LOAN) or via email at George.Margrave@migonline.com
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