Capital Home Mortgage Tennessee

Tennessee Hurricane Relief Home Loans

203H 100% Mortgage Loan
Rehab / Renovation
Have 203H Questions?

Tennessee FHA 203H Mortgage Lender

Welcome to Capital Home Mortgage Tennessee, where our goal is to provide Tennessee Disaster Victims options to rebuild their home or purchase another home after a natural disaster.  Capital Home Mortgage Tennessee offers Tennessee Disaster Relief Home Loans, including Tennessee 203K FHA Renovation Loans.  As a Tennessee FHA 203H Mortgage Lender we manages the entire lending process from beginning to end.  Our in-house processing and underwriting enables for quick, common sense approvals and timely closings.  We have complete control over everything from the application to the funding process.

Call today (615) 549-5666 to talk to one of our Tennessee Loan Officers.

Purchase a Home with Zero down...

Tennessee FHA 203(h) Mortgage

For Tennessee Disaster Victims, FHA catastrophe loans are popular if you’ve been affected by a natural disaster in your area.  FHA home loans can be beneficial as disaster relief loans.  Section 203(h) of the National Housing Act allows the Federal Housing Administration to offer a mortgage for disaster-affected homeowners.

What Does FHA do?

The Federal Housing Administration, referred to as FHA, is a division of the HUD – the Department of Housing and Urban Development.  The agency was created out of the National Housing Act of 1934 and was established to help fix many of the problems and challenges faced by the mortgage industry.  

The agency was created to address mortgage issues during the Great Depression.  The purpose of the office was to reduce down payments on mortgages.  The agency was tasked with increasing home ownership with the insurance of mortgage loans against default. Lenders are more willing to give money to borrowers that have been termed ‘high risk.’ This is due to insuring the loans against defaulting.

The Federal Housing Administration (FHA) provides approved lenders with mortgage insurance.  The FHA home loan program is created for borrowers who cannot make sizable down payments, have marginal credit, and do not qualify for conventional loans.

Consequently, more people can access mortgage loans easily.

It is worth noting that the Federal Housing Administration does not lend out money. The agency only insures mortgage loans issued by various lending institutions it approved.

 

How Does the Tennessee FHA 203(H) Work?

The FHA 203(h) loans for disaster victims have become increasingly popular due to recent natural disasters. This has consequently led to the increasing search for hurricane rehab loans in Florida, where Hurricane recently struck. 

The FHA 203(h) mortgage insurance program for disaster victims is designed to assist victims of disasters. The program helps borrowers in official disaster areas declared by the President. The program was designed to help disaster victims in the above mentioned areas during the first year after the catastrophe. It helps them become new homeowners or helps people who lost their homes to the disaster to rebuild them or buy a new one.

Benefits of the Tennessee FHA 203(H) Loan?

The benefits of the FHA 203(h) loans are numerous and quite similar to what other FHA-insured mortgage loans offer.

 

  • No down payment

This benefit is one of the unique features of the 203h loan program, especially compared to other FHA loan programs. The program allows victims of disasters to finance 100 percent of the home value up to the loan limits permitted in their area.

 

  • Limited Closing Fees

Like any other FHA-insured loan program, 203(h) home loans have limits set by the Federal Housing Administration.  The agency defines many of the fees that can be charged by lending institutions for processing and closing a loan.

 

  • Relaxed Credit Requirements

To help disaster victims get back on their feet as soon as possible and consider their condition after such an occurrence, the FHA offers programs to individuals with relatively marginal credit. This is unlike many conventional loans, which explains the popularity of FHA-insured loans such as the 203(h) and 203k loans.

Apply for a Tennessee FHA 203 (K) Loan?

As mentioned earlier, you can apply for the loan if you resided in a Presidentially-declared disaster area within the last twelve months and your home has been significantly affected by the disaster, you can apply for the loan.  

Like other FHA-insured loans, applications for the 203h home loan and any other such loans designed for flood victims are to be made by approved lending institutions. This is so as the FHA does not provide loans directly. And as mentioned earlier, such applications must be made within the first year following the occurrence.

No one wishes for natural disasters. However, because they are beyond our control, it is only advised to implement all measures to facilitate a fast recovery.

Call today (615) 549-5666 to talk to one of our Tennessee Loan Officers.  We are here to assist you with disaster relief loans.

Why Tennessee HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Tennessee Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

TEnnessee REnovation Home Loans

Capital Home Mortgage Tennessee offers a complete line of home renovation mortgage programs to help all homebuyers make that the older house into a perfect home.  Call today to speak with a Tennessee Renovation Specialists. 

Tennessee Fannie Mae HomeStyle Home Loan

Tennessee Fannie Mae Homestyle Mortgage

Fannie Mae Homestyle Reno is a program that allows a homeowner multiple renovations options… from a simple luxury addition, to small cosmetic updates to a full rehabilitations.

  • 95% LTV Primary Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Purchase & Refinance
  • As Completed Values
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Tennessee Freddie Mac Choice Home Loan

Tennessee Freddie Mac Choice Home Mortgage

Freddie Mac Choice Reno is a great alternative to a new home purchase.  It allows for a buyer to renovate a home as part of purchase or refinance bringing it back to life. Making your dream home come true might just be updating that older home.

  • 95% LTV Primary Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Minimum Credit Score 620
  • Luxury Renovations are Eligible
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Tennessee FHA 203K Home Loans

Tennessee FHA 203K Home Mortgage

FHA 203K is a great option for makes cosmetic changes to an older home.  It allows a FHA buyer to update out of date cosmetics of a home as part of purchase or refinance.  Make that old home new with a Streamline 203K renovation.

  • Purchase & Refinance Options
  • Primary Residences Only
  • Single, Multi Family & Condo’s
  • As-Is Improved Renovated Value
  • 203K Streamline
  • Less < 35K, Cosmetic Repairs Only
  • 203K Full Rehab
  • Greater > 35K, No Restrictions

Tennessee Mortgage Company Reviews

Tennessee Mortgage Team

Sam Klaburner

Sr Loan Officer
NMLS #140132

Rebecca Solomon

Sr Loan Officer
NMLS #156188

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506
Tennessee Mortgage Programs

Tennessee Purchase loans

Looking to Purchase a Tennessee Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Tennessee Renovation Home Loans

Looking to Rehab a Tennessee Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Tennessee FHA Home loans

Great 1st Time Tennessee Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Tennessee va Home Loans

100% Financing for Tennessee Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Tennessee Conventional Home loans

Flexibility for Tennessee Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Tennessee Jumbo Home Loans

Tennessee Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Tennessee USDA Home loans

100% Tennessee Rural Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Tennessee Native american Home Loans

Tennessee Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

Tennessee Manufactured Home loans

Great Tennessee Alternative Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Tennessee Reverse Mortgage Loans

Your Tennessee Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Tennessee Non QM Home loans

Making Tennessee Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Tennessee One Time Close Home Loans

Build Your Tennessee Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Tennessee Refinance Mortgage loans

Tennessee Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Tennessee Cashout Mortgage Loans

Tennessee Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

Tennessee Cities

Nashville Home Loans

Memphis Home Loans

Knoxville Home Loans

Chattanoga Home Loans

Clarksville Home Loans

Murfreeboro Home Loans

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