Tennessee Jumbo Loans
If you are thinking of buying a home in Tennessee, then you are certainly on the brink of making a marvelous decision. It has so much to offer its residents – a great nightlife in cities like Nashville, Memphis, and Knoxville; amazing nature like the Mississippi and mountain ranges; a booming economy and so much more.
But perhaps most importantly to you as a homebuyer is the fact that the Volunteer State has a real estate market that other states can barely match. Here you will find houses of all shapes and designs; whether you are looking to buy a primary or secondary property. There’s also a big market for investment and vacation homes what with the state’s rich history and culture, amazing nature, temperate climate and warm people. All these things work together to attract a large number of tourists.
The neighborhoods are fantastic too, and regardless of your budget, you will certainly find a good place to settle. The northwestern end has affordable housing and a great place to start looking if you’re on a budget. However, the prices tend to increase as you move eastwards. Williamson, Davidson, Moore, Loudon, Wilson and Van Buren are just a few counties that have commonly high-cost properties. If you are planning to mortgage, chances are a conforming loan will not be sufficient to finance the purchase of a property in such counties. Luckily there’s a solution in the form of Tennessee jumbo loans.
Jumbo loans are high-value mortgages that make it possible for homebuyers to acquire high-cost properties without having to take two or more mortgages. Other than that simple convenience, Tennessee jumbo loans are actually very affordable and easy to qualify for. That makes them worth your consideration as you shop for a mortgage. Want to learn more about Tennessee jumbo loans? We figured so, which is why our HomeRate Mortgage team has put together some helpful information to help you get started.
Tennessee City Mortgage Service Areas