Mortgage Investors Group

Total Votes: 0  
Interest: 113

6601 Kingston Pike
Knoxville, Tennessee 37919

Email Us
View Mobile Site

Administrative Login

Display Number: 66802
Down Payment

The amount of money a borrower must have for a down payment and closing costs is one of the largest obstacles many buyers face to owning a home. Home buyers who need assistance with a down payment may take advantage of a few options. Along with several local programs that offer grants, down payment assistance loans provide borrowers with a junior loan to cover closing costs.

Many buyers make the mistake of assuming down payment assistance is only available to low-income buyers. Programs are varied, and most allow borrowers to earn between 80 and 120 percent of the median income in the area.

Click Here to Learn More

Your browser must support cookies to use the shopping cart.
Mortgage Investors Group's
6601 Kingston Pike
Knoxville, TN 37919