Mortgage Investors Group


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865-315-8085
865-342-9496
6601 Kingston Pike
Knoxville, Tennessee 37919

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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.

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Mortgage Investors Group's
6601 Kingston Pike
Knoxville, TN 37919
865-315-8085