Tara Latham
Loan Officer
NMLS # 877148
423-805-9099
tara@homeratemortgage.com
Please note: You will be taken to an application page that will require you to create an account if you have not created one already.
After a number of years in ministry and then another 13 years as a real estate agent, Jason Cook is well equipped with the knowledge and temperament to guide anyone through the mortgage loan process. From the initial consultation to getting the final clear to close, Jason is there every step of the way providing a unique perspective to the lending industry – particularly the purchase process. Agents looking for a lender to partner with will be pleasantly surprised with Jason’s help and experience – especially his understanding of what agents expect from lenders.
When not handling loans, Jason enjoys watching Duke basketball, going to the movies, and a good cup of coffee!
Board Member – Childcare Resources
Degrees – Samford University and Duke University
Conventional loans are not insured by a government agency
Require a minimum 3% down payment
There are a variety of fixed and adjustable rate conventional loans to choose from
Generally carry strict guidelines on credit scores, loan to value ratios, debt to income and down payments
Interest rate varies based on credit score and loan term
Offers 10, 15, 20, 25, 30 and 40 year repayment terms
Great for first-time buyers and buyers with lower credit scores
FHA loans are not restricted to first-time home buyers or low-income buyers
Easier requirements for income and credit score
Minimum down payment 3.5% and lower closing costs
Mortgage Insurance may be less costly than private mortgage insurance (PMI)
Seller can contribute up to 6% of selling price to cover closing costs
Special financing in USDA defined areas
Flexible credit guidelines and qualifying criteria
Lower than market interest rate
No down payment required
Closing costs can be seller-paid or rolled into the loan
Ability to finance upfront PMI
Conventional loans are not insured by a government agency
Require a minimum 3% down payment
There are a variety of fixed and adjustable rate conventional loans to choose from
Generally carry strict guidelines on credit scores, loan to value ratios, debt to income and down payments
Interest rate varies based on credit score and loan term
Offers 10, 15, 20, 25, 30 and 40 year repayment terms
Great for first-time buyers and buyers with lower credit scores
FHA loans are not restricted to first-time home buyers or low-income buyers
Easier requirements for income and credit score
Minimum down payment 3.5% and lower closing costs
Mortgage Insurance may be less costly than private mortgage insurance (PMI)
Seller can contribute up to 6% of selling price to cover closing costs
Special financing in USDA defined areas
Flexible credit guidelines and qualifying criteria
Lower than market interest rate
No down payment required
Closing costs can be seller-paid or rolled into the loan
Ability to finance upfront PMI
The Benefits Of Refinancing
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