Tennessee Home Loans

Tennessee is the heart of a growing, prosperous south. Families from across the country are choosing to settle in the Volunteer State, making now the perfect time to secure your dream home.

Write the next chapter of your life with the best home loans in Tennessee. Our agents at Capstone Direct are ready to secure you the most affordable American home loans in Tennessee.

Simplify and streamline the process of getting approved for a mortgage with Capstone Direct today. It takes only three minutes or less to compare the latest Tennessee mortgage loans and start your journey to closing on your ideal home.

Finance Your Home in Tennessee

Tennesee’s popularity has led to rising house prices across the state. The typical home price in the Volunteer State is $297,943 in 2022, which is still below the national median. Now has never been a better time to secure your mortgage in Tennessee.

At Capstone Direct, we have a team with decades of collective experience within the state real estate market. We have noted tremendous differences in terms of prices between counties. Choosing the right county is essential for your lifestyle and your budget.

We can support you in making the right decision for you and your family.

For example, Williamson County is one of the most expensive parts of the state, with the average home price surpassing $1 million in January 2022 for the first time since records began, according to the Williamson County Association of Realtors.

Despite rising home values, Tennessee has the sixth lowest cost of living in the United States. There are still bargains to be found within the real estate market. For example, the cheapest county to live in is Van Buren County, which boasts a median house price of just $98,000.

These figures demonstrate that securing a Tennessee mortgage is accessible to all. Capstone Direct can provide a tailored plan for which Tennessee home finance option offers the most value and advise on the best way to get approved.

Contact Capstone Direct to start your search for mortgage companies in Tennessee today.

tennessee mortgage

Ready to compare mortgage rates for home loans in Tennessee?

Many home financing options have been designed to improve affordability for ordinary, hardworking Americans. Check out some of the Tennessee mortgage options available now.

Conventional Loans

Freddie Mac and Fannie Mae mortgage standards are the benchmarks for affordable loans for first-time buyers and low-income families. The federal government backs conventional loans to encourage lenders to offer lower lending rates.

These home loans in Tennessee require down payments of just 3%, paired with private mortgage insurance. Families with extra savings can put down 20% and avoid paying for private mortgage insurance entirely.

VA Loans

Veterans, active service members, and surviving spouses can take out VA-approved loans through their mortgage lender in Tennessee. Backed by the U.S. Department of Veterans Affairs, these mortgages require no down payments, offer below-average interest rates, and require no private mortgage insurance.

You only need a credit score of 640 to qualify for a VA loan. It’s worth boosting your credit score because these are the cheapest home loans in the country.

Find out about your eligibility and pinpoint a VA-approved lender with Capstone Direct today.

FHA Loans

First-time homebuyers may want to take advantage of these loans from the Federal Housing Administration. FHA loans require just 3.5% down with a minimum credit score of 580. If your credit score is 500, you can still obtain an FHA loan with a 10% down payment.

However, FHA loan holders are required to hold private mortgage insurance for the duration of their loans.

USDA Loans

Move to an eligible suburban or rural area in Tennessee and qualify for USDA loans through the USDA Rural Development Guaranteed Housing Loan Program.

No money down and no excessive credit ratings are required to qualify for USDA loans. You benefit from streamlined mortgage application processing if your credit score is at least 640.

Jumbo Loans

Do you need to borrow more than $647,200? You require a lending product beyond what ordinary Tennessee home loans can offer.

Jumbo loans enable you to borrow more if you put between 10% and 20% down. Expect to pay higher closing costs and higher interest rates.

Work with Capstone Direct to find a jumbo loan provider offering competitive rates in your area.

THDA Loans

THDA programs are designed for state residents who have never owned a home. Some programs are also available to Tennesseans who already own a home but have not resided in one of their homes for at least three years. You may also qualify for down payment and closing cost assistance on 30-year fixed-interest-rate loans if you purchase in an economically disadvantaged area.

THDA loans require you to meet stringent income requirements and hold a credit rating of at least 640 to qualify.

Why Capstone Direct?

Work with the mortgage provider that has your best interests at heart. Capstone Direct has helped thousands of homebuyers to realize their dreams of owning their own home since 2007.

Join the nationwide lender that goes beyond your conventional mortgage provider. Our unique philosophy ensures we can go above and beyond to secure your mortgage.

  • Relationships – Our network of lenders, vendors, business partners, and clients is vital to us. We focus on developing long-term relationships to strengthen our brand and boost the service we can provide.
  • Integrity – Integrity is our core value. We are 100% committed to honesty and transparency in everything we do.
  • Service – We’re determined to offer the highest quality service in the business. Streamline your mortgage application process with the Capstone Direct approach today.
  • Expertise – Our agents are all masters in their fields. Collaborate with the housing experts who understand how to secure the best rates on Tennessee home loans.

Start your journey to homeownership by comparing the latest mortgage rates in three minutes or less. Our team supports you every step of the way to help you accomplish your ambition of becoming an American homeowner.

Contact Capstone Direct to learn more about home loan options in Tennessee.

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