Have you always dreamed of living near the Great Smoky Mountains or along the banks of the Mississippi River? If so, it may be worth a move to scenic Tennessee. There’s lively city life in Memphis and Nashville, gorgeous waterfalls in Chattanooga, and let’s not forget an abundance of vineyards statewide (of course whiskey is a big deal, too).
If you’re looking to buy a home in Tennessee, start your mortgage application now, and you can have a pre-approval letter in hand when you’re touring homes!
Already a Tennessee homeowner? We can also help with mortgage refinancing!
Tennessee mortgage rates and trends
In large part due to COVID-19, we saw national mortgage rates drop to all-time lows. This resulted in millions of Americans being able to take advantage of low borrowing costs.
While Tennessee mortgage rates followed that trend, gradual rate increases are taking place. Even still, rates remain low by historical standards. In fact, regardless of when you took out a mortgage, it's in your best interest to take advantage of a free mortgage review with American Financing. You could be saving hundreds of dollars with a lower rate.
Debt-to-income ratio and credit scores are just some of the factors that impact borrowers' mortgage rates. That's why we stress the importance of finding the right lender. Keep in mind, a dependable lender will go above and beyond to get you the best loan program for your needs. Turn to our team for one of our many customizable Tennessee home mortgages, including FHA, VA, Conventional, USDA, and more.
Down payment assistance
Some Tennessee home buyers may qualify for down payment assistance. We’d love to be able to help you understand what options and grants* might be available to you.
Be sure to ask about:
Forgivable and non-forgivable second mortgages
First-time home buyer incentives
Closing cost assistance
Dream Makers Grant
*Actual assistance amount may vary based on purchase city, credit score, and other financial requirements. Down payment assistance programs are at the city and/or state level, and they are not funded by American Financing. A homebuyer education course may need to be completed prior to applying.
Check with your mortgage consultant about funding today!
Refinancing your mortgage
Do you have high-interest debt holding you back?
Is your monthly mortgage payment or interest rate too high?
Do you want to be mortgage-free sooner?
Well, now is the time to schedule a free mortgage review with one of our Tennessee mortgage consultants if you answered yes to any of these questions. You could be looking at up to $1,000 a month in savings, fund home improvement projects, or pay off high interest debt with a refinance.When working with American Financing, you can choose any loan term you need ten years and over! Learn about the benefits of mortgage refinancing by calling a mortgage consultant today.
Why American Financing?
We’re dedicated to making homeownership affordable by offering competitive mortgage rates and no upfront fees. Our dedicated mortgage consultants work hard to customize the right loan program to fit your financial goals and needs. As a national mortgage lender we're able to complete most of the lending process online, creating an even faster experience for you.
We see you as more than just a loan and will work to get to know you first and tailor the experience to fit your unique needs. That’s why we’re always available to answer any mortgage-related questions, even after closing. Taking care of your needs is our top priority. When we work with you, we see it as the start of a lifelong relationship.
Let’s build your home loan together
Our Tennessee mortgage consultants are ready to walk you through your options, so connect by calling (866) 885-1079. While offering the best service, lowest rates, and fastest closings, we’ll also customize any loan in the industry. We can’t wait to show you how simple the mortgage refinancing or new home purchase process can be!
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