Tennessee FHA Mortgage Loans

Tennessee FHA Lenders

Tennessee Lenders have the following programs available for Tennessee customers:

Featured Lender

Jeff Onofrio, Branch Manager, NMLS #38760
Office: 866-312-6682 ext 385 Fax: 866-438-1351

Annie Mac Home Mortgage is a full service direct lender. Jeff runs a team of seasoned mortgage professionals with years of experience. His team focuses on first time home buyers, FHA, VA, USDA and reverse mortgage products. Jeff’s specialty is the FHA 203k rehab mortgage for both purchases and refinances. He writes blogs about his 203K experiences; you can see those here on WhatIsYourRate.com. Contact Annie Mac Home Mortgage to receive competitive rates, low fees and expert advice.

Are you a lender in this state? Would you like to be listed here? Only 2 spots left! Contact us today!

Tennessee Conventional Mortgage Lenders – Virtually all lenders offer conventional loan products. When in search for an Tennessee conventional loan, make certain you are receiving the best possible rate with the best possible terms and the lowest closing costs associated with your particular loan. Tennessee conventional loan requirements differ greatly from an Tennessee FHA loan in regards to maximum loan amounts, minimum down payments, loan-to-value ratios and credit criteria so make sure you have educated yourself on your loan options before speaking with a Tennessee lender.

Tennessee FHA Mortgage Lenders – Not all Tennessee mortgage companies are approved to offer FHA loan products. Tennessee lenders are required to adhere to certain guidelines set forth by the FHA so when you are in search of an FHA loan, make certain that the Tennessee lender you are working with is approved by the Federal Housing Administration. Tennessee FHA maximum loan limits are set by HUD and differ for each county in each state (use the table below to find Tennessee’s maximum loan amount). Down payment, loan-to-value and credit criteria are much more relaxed than conventional loans so ensure your Tennessee lender is getting you the best possible rate for your particular financial situation.

Apply for FHA now!

WhatisyourRate.com is not HUD, nor are we a lender. We connect you to the information you need when trying to find an approved lender. We make recommendations to use certain approved lenders in certain states, however WhatisYourRate.com is not a lender just an information guide for choosing the correct lender. Please investigate, do research and be thorough when trying to decide what loan is for you.

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Twitter

The CY2011 basic standard mortgage limits for FHA insured loans are:

FHA Forward$271,050.00$347,000.00$419,425.00$521,250.00

High cost area limits are subject to a ceiling based on a percent of the Freddie Mac Loan limits
The ceilings for CY2011 are:

FHA Forward$625,500.00$800,775.00$967,950.00$1,202,925.00

Section 214 of the National Housing Act provides that mortgage limits for Alaska, Guam, Hawaii, and the Virgin Islands may be adjusted up to 150 percent of the new ceilings. This results in new CY2011 ceilings for these areas of:

FHA Forward$938,250.00$1,201,162.00$1,451,925.00$1,804,387.00