Mortgage Investors Group Brentwood Helps First-time Home buyers Determine Their Ideal Loan


Posted November 17, 2017 by Yvonne_Roberts

Mortgage Investors Group Brentwood helps home buyers find the ideal loan for their first home.

 
[Brentwood, 11/17/2017] - It could be difficult for a first-time home buyer to navigate the property market. Figuring out the right loan, down payments and closing costs can be quite a task. This is why Mortgage Investors Group Brentwood guides first-time buyers in determining what kind of loan is right for them. The company is eager to help more people buy their first house, especially now that the number of first-time home buyers in the country has hit a record low.

The Lowest Record for First-time Home buyers

In November 2017, the Dayton Daily News reported that the first-time buyers in the country accounted for only 34% of 2017 home sales, the lowest figure since 1981. According to the National Association of Realtors, most of the buyers cannot afford a house due to high prices or their student loan debts.

Loans from Mortgage Investors Group Brentwood

Mortgage Investors Group Brentwood could make homeownership possible for first-time buyers through programs that provide loans or grants. For instance, the Tennessee Housing Development Agency (THDA) Loan and United States Department of Agriculture (USDA) 100% Financing Loan would make it easier for buyers to afford the down payment and closing costs. Buyers don’t even need to be low-income individuals to qualify for most of the programs.

The THDA offers the Great Choice and the Great Choice Plus home loan options. The Great Choice is a 30-year, fixed-rate mortgage that offers down payment assistance to first-time home buyers. Customers who wish to pay off their first home twice as fast could opt for the Great Choice Plus, a 15-year fixed mortgage with 0% interest and no monthly payments. Clients could also choose a USDA loan, which does not require a down payment or private mortgage insurance.

First-time home buyers could talk to Mortgage Investors Group Brentwood about the income and credit history they need to qualify for the loans. Buyers must have a credit score of at least 620 to qualify for a USDA loan, for example.

About Mortgage Investors Group Brentwood

Mortgage Investors Group Brentwood is a direct lender that strives to offer buyers flexible financing options. Since its establishment in 1989, the company has become the largest independent provider of single-family mortgages in Tennessee. It has built a reputation for giving personalized service as well as the best mortgage solutions.

For more information, visit https://migonline.com/.
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Issued By Yvonne_Roberts
Country United States
Categories Business
Last Updated November 17, 2017