Buying a home can feel like a big leap, but with the right resources, it’s more achievable than you might think—especially if you’re looking for a place in a charming rural town or a quieter suburban neighborhood. At Cribz, we’re here to help you find your perfect home and connect you with lenders who offer incredible financing options like USDA and THDA loans. Let’s break down how these programs can open the door to homeownership for you!
USDA Home Loans: Zero Down, Big Opportunities
The USDA Rural Development Loan is a game-changer for homebuyers in rural and eligible suburban areas. Here’s why:
No Down Payment: That’s right—zero! USDA loans cover 100% of your home’s cost.
Low Interest Rates: With government backing, interest rates are often lower than conventional loans. For example, USDA direct loans can have rates as low as 1% for qualifying borrowers.
No PMI (Private Mortgage Insurance): Instead, you’ll pay an upfront fee (1%) and an annual fee (0.35%)—typically less than traditional PMI.
To qualify, you’ll need to meet some guidelines like purchasing in USDA-eligible areas and staying within income limits (usually no more than 115% of the county’s median income). Whether you’re looking to build, buy, or even improve a home, USDA loans can make it all possible.
THDA Loans: Your Ticket to Affordable Homeownership in Tennessee
For buyers in Tennessee, the Tennessee Housing Development Agency (THDA) offers the Great Choice Home Loan Program, designed to make owning a home affordable and accessible. Here’s what makes it special:
Fixed Interest Rates: Your rate won’t change over the 30-year term.
Down Payment Assistance: Qualified buyers can get help with down payments and closing costs through the Great Choice Plus program.
Flexible Options for Repeat Buyers: Haven’t owned a home in three years? You can still qualify! Plus, there are special perks for military personnel and first responders through the Homeownership for Heroes program. THDA loans are perfect for first-time homebuyers or anyone ready to settle into their dream home in Tennessee. And the income and purchase price limits vary by county, so you can find an option that works for you.
How Cribz Can Help
At Cribz, we believe everyone deserves to find their perfect home—and we’re here to make that journey easier. Whether you’re dreaming of a cozy countryside retreat or a home in a close-knit suburban community, our platform can help you explore properties that fit your needs.
Plus, we can connect you with trusted lenders who specialize in USDA and THDA loans, so you can take advantage of these incredible programs. Not sure where to start? No problem! We’ll guide you every step of the way.
Let’s Get Started!
Why wait to make your homeownership dreams a reality? Cribz is ready to help you find your dream home and connect you to the right loan program. Visit our site to explore available properties, check eligibility for USDA or THDA loans, and take the first step toward a brighter future.
With zero down payment options, affordable interest rates, and down payment assistance, the keys to your new home could be closer than you think. Let’s make it happen—together!
Helpful Links To Get Started…
List Of USDA/THDA Homes By Cribz – https://www.cribz.co/usda-thda-rural-homes/
USDA Eligibility – https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
THDA Acquisition Income Limits – https://thda.org/pdf/Acquisition-Income-Limits-Web.pdf
Comments