A Smarter Path to
Homeownership.
FHA loans give buyers in East Tennessee access to low down payments, flexible credit requirements, and real buying power — even in a competitive market.
📞 (865) 420-4639
What Is an FHA Loan — and Is It Right for You?
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. Because the government backs the loan, lenders can offer more flexible credit and down payment requirements than conventional financing.
FHA loans are one of the most popular programs in East Tennessee — especially for first-time buyers, buyers rebuilding credit, or anyone who wants to keep more cash in their pocket at closing.
And here's what most lenders won't tell you: if you qualify for our Down Payment Grant program, your 3.5% FHA down payment can be covered entirely — turning an FHA loan into a true zero-out-of-pocket purchase.
Talk to Jeff — It's Free →📞 (865) 420-4639
What FHA Loans Make Possible
Low Down Payment
Only 3.5% down with a 580+ credit score. On a $300K home that's just $10,500 — and our grant can cover it entirely.
Flexible Credit Standards
FHA allows credit scores as low as 580 for the 3.5% down option. Conventional typically requires 620+.
Gift Funds Welcome
Family helping with your down payment? FHA allows 100% of your down payment to come from gift funds.
Higher DTI Tolerance
Carrying more debt? FHA allows higher debt-to-income ratios than conventional, making it easier to qualify.
Seller Concessions
FHA allows sellers to contribute up to 6% of the purchase price toward your closing costs.
Refinance-Friendly
Once you build equity, you can refinance into a conventional loan and remove mortgage insurance entirely.
Pair Your FHA Loan with Our Down Payment Grant — and Pay Nothing Out of Pocket.
Our Down Payment Grant covers the full 3.5% FHA minimum down payment. It's a true grant — no repayment, no second lien, no income limits. First-time and repeat buyers with a 640+ credit score may qualify.
Learn About the Grant →out of pocket
Do You Qualify for an FHA Loan?
FHA loans are designed to be accessible. Here's what the program generally requires:
- ✓580+ credit score for 3.5% down (500–579 with 10% down)
- ✓Stable employment history — typically 2 years same employer or field
- ✓Primary residence only — FHA is for the home you live in
- ✓Debt-to-income ratio generally up to 56% with compensating factors
- ✓Property must meet FHA standards — we'll guide you through this
- ✓First-time or repeat buyer — both are welcome
📞 (865) 420-4639
Which Loan Is Right for Your Situation?
| FHA Loan | Conventional | |
|---|---|---|
| Min. Down Payment | 3.5% | 3–20% |
| Min. Credit Score | 580+ | 620+ |
| Down Pmt Grant | ✓ Yes | ✓ Yes (3%) |
| Max DTI Ratio | Up to 56% | 45–50% |
| Gift Funds | ✓ 100% allowed | Varies |
| Mortgage Insurance | MIP required | PMI at 20% equity |
| Seller Concessions | Up to 6% | Up to 3–9% |
| Best For | Lower credit / down | Strong credit / equity |
Not sure which fits? Give us a call — that's exactly what we're here for.
FHA Loan FAQs
Is FHA only for first-time homebuyers?▾
Can I combine an FHA loan with the Down Payment Grant?▾
What is MIP and do I have to pay it forever?▾
What credit score do I need for an FHA loan?▾
How long does FHA approval take?▾
What are the FHA loan limits in Tennessee?▾
Can I use an FHA loan for a multi-family property?▾
Ready to See What an FHA Loan Can Do for You?
Call us today and we'll tell you exactly what you qualify for — including whether the Down Payment Grant can eliminate your down payment entirely.
📞 (865) 420-4639