Downpayment Assistance up to $10,000.

First-time Homebuyers THDA Great Choice Program

 

For first-time homebuyers, one of the greatest obstacles in the homeownership process is saving the money to cover the downpayment and closing costs.  The Great Choice Loan Program (http://greatchoicetn.com/) provides qualified Tennesseans up to 4% of the home price for downpayment assistance limited to $10,000.

 

Lender point of contact is Bartlett Mortgage –

Vivian Smithey – (901) 387-3049
Email: vsmithey@bartlettmortgage.com 

***Make sure you tell her that you are working with Bob Brown at MidSouth Residential.

 

MUST have a Realtor

Realtor Point of Contact

Is Bob Brown – (901) 233-3313 - Email: realtor.bob@att.net

 

If you can meet these qualifications, your:

CALL TO ACTION is to contact me immediately.

 

First-time homebuyer is defined as never having owned a home or not having owned a home in the past 3-years.

 

Credit Score – at or above 640 (no exceptions).

 

Total household income Limits (Income of all people living in the home)

County         1-2 Persons   3+ Persons

Shelby          $62,482            $71,854

Tipton          $69,600            $81,200

Fayette         $69,600           $81,200

 

CALL TO ACTION - contact Bob Brown with MidSouth Residential - 901.233.3313 (voice or text) or email to realtor.bob@att.net .

 

MUST complete the Homebuyer Education Training prior to closing on the purchase - Vivian Smithey can help you get in contact with the appropriate organization.

 

With your cooperation and my expertise, we will have you in the home of your choice.  I promise loyalty and integrity to you throughout our relationship.  I will need the same from you.

 

USDA loan program is another downpayment assistance program with NO downpayment required.  The property must be located in a rural area - not within the city limits of a large city.  You would need an address of interest to enter on their website to check property qualifications.

 

If you have any questions, please don't hesitate in contacting me.  I will be happy to find the answer for you.