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CLARKSVILLE & NASHVILLE TN CONVENTIONAL HOME LOANS & MORTGAGES

Learn More About Our Clarksville & Greater Nashville TN Conventional Mortgage Loan Options And How They Can Benefit You!

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*Approximately 3 -5 Minutes to Complete The Application.

CONVENTIONAL HOME Loans & MORTGAGES - ARE THEY RIGHT FOR YOU?

NASHVILLE HOME LENDER IS HIGHLY TRUSTED BY OUR CLIENTS FOR THEIR CLARKSVILLE & NASHVILLE TN CONVENTIONAL HOME LOANS & MORTGAGES

Welcome to Nashville Home Lender! We are leading Clarksville & Nashville TN Conventional Mortgage Lenders, and for good reason. We have helped many families and individuals in Tennessee cities like Nashville, Clarksville, Madison, Murfreesboro, Jackson, and Smyrna achieve their dream of home ownership through conventional mortgage home loans serviced through the HomeTown Lenders, Inc Clarksville, TN Branch. We also offer conventional home loans and mortgages to residents of the following states: Tennessee, Kentucky, Texas and Colorado.

Contact us for your Conventional Home Loans & Mortgage needs. We will help you get the information you need to know to get prequalified or start your Conventional Mortgage Loan Application.

What is a conventional mortgage loan?
Is it the right choice for you and your financial situation?
What makes a conventional home loan a great choice?

Learn More Below.

What is A Conventional Mortgage Loan?

Conventional or conforming loans refer to any mortgage that is not insured by the federal government. These types of mortgages follow the terms and conditions set by Fannie Mae and Freddie Mac. They are government sponsored institutions who are the largest purchasers of mortgages in the United States. These loans have stricter qualifying guidelines compared to government insured loans. High credit scores are recommended for this program since it will directly impact your monthly mortgage payment. Your debt to income ratio is also carefully reviewed and needs to be below 45%. A common misconception about conventional mortgages is that a 20% down payment is required in order to qualify. The reality is conventional financing allows for 3% down payment when used in combination with monthly mortgage insurance.

Why Are Conventional Home Loans And Mortgages A Great Deal?

Conventional Loans are one of the best options for prospective borrowers with a high credit scores. By having a higher credit score additional benefits become available like no mortgage insurance, lower down payments, and more competitive pricing. When considering a new home loan conventional financing should be at the top of the list if you have above average credit, a larger down payment, or would like to avoid the additional cost sometimes associated with government insured loans.

What Are the Advantages of A Conventional Loan?

  • Competitive Pricing
  • No Prepayment Penalty Ever
  • No Mortgage Insurance Option
  • Up To 45% Debt To Income Ratio
  • Allows for 3% Seller Paid Closing Costs

What Are The Waiting Periods After A Hardship

  • 4 Years from Foreclosure or Short Sale
  • 4 Years from Discharge of Chapter 7 Bankruptcy
  • 2 Years from Discharge of Chapter 13 Bankruptcy

WHAT ARE SOME POPULAR CONVENTIONAL Home Loans & MORTGAGE PROGRAMS?

Conventional Purchase

  • Loan amounts to $417K
  • 3%, 5%, 10% or 20% down
  • Don’t have to be 1st time buyer
  • With or without mortgage insurance

Conventional Refinance

  • Competitive interest rates
  • Loan amounts up to $417K
  • 30yr, 25yr, 20yr, 15yr, or 10yr
  • Fixed or adjustable rates available

Conventional Cashout

  • Up to 80% LTV
  • Competitive interest rates
  • Payoff a 2nd mortgage or HELOC
  • Cashout to payoff high interest debt

A Diverse and Comprehensive Line of Loan Products to Fit Everyone's needs.

FHA LOANS

Down to a 580 Credit Score

VA HOME LOANS

Down to a 580 Credit Score

USDA LOANS

Down to a 580 Credit Score

CONVENTIONAL

Down to a 620 Credit Score

FHA
203K Loans

Down to a 620 Credit Score

Construction to Permanent

Down to a 620 Credit Score

FHA/VA/USDA
Conventional

Manufactured Home
Loans Available

Down Payment
Assistance

Need A Little Help?
There May Be Assistance!

how much Will My Payments Be?

Mortgage Calculator

$

5%

1%

4%

$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly Insurance $1421

By sending this form to your email you are agreeing to allow us to contact you by email to follow up with you. Call us today to see what programs you may qualify for and today’s interest rates

Hometown Lenders Helping You Achieve Your Dreams

Contact Us Today To Get Prequalified for Your Conventional Home Loan

We pride ourselves in making your home financing experience as easy and affordable as possible. Our service is second to none.
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FHA, VA, USDA Loans SPECIAL RESTRICTIONS

Special restrictions and guidelines for bad or poor credit.

All loans FHA, VA, USDA:

  1. FHA –  Minimum loan amount 200K
  2. Alternant trade lines ( utility bill, child care, insurance etc) 12 month history no late payments
  3. BK 7 Discharge over 2 years.  BK CH 13 3 years from file date
  4. Foreclosures over 3 years  
  5. Verifiable Rental history 12 months no lates (Cancel checks, money orders or by management company)
  6. 3 Months of reserves ( 3 months payments in reserves . example in bank, 401k etc)
  7. No excessive late payments in the past 12 months
  8. No Mortgage lates

On FHA with Credit scores less than 580

  • 90% LTV(Loan to Value) with 10% Down payment .

On VA with Credit scores less than 580  

  • 3.  100% LTV(Loan to Value) NO Down Payment

 On USDA with Credit scores  of 580-619

  • 100% LTV(Loan to Value) NO Down Payment

Guidelines