Smoky Mountains Homes - Prime Mountain Properties
First Time Home Buyers and Experienced Buyer's Assistance
Typically, first time home buyers are living on a tight budget. Lower priced homes sell very quickly. It doesn't mean you should rush into a home purchase, especially if it isn't the right home for you and your family. You should definitely be ready to move quickly, once you find the right home though. I usually say the first step in a home purchase is to speak with a mortgage lender. For first time home buyers, I tell them to speak with their family and the people around them that love them first. This will be your first big purchase. You will definitely need some assistance before the purchase, during the sales process and especially afterwards. I cannot stress this part enough. Once you start the process, do not spend large sums of money or use your credit cards until you have the keys to your new home in your hand. Buyers buy a new car and lose their chance of getting a home. They buy furniture for their new home, before closing on the loan, and the lender changes their mind. Go into some sort of defense mode, where all you are doing is saving your money and keeping your credit score safe until after the home is yours.
If you are serious and ready to buy, talk to a home mortgage lender and get pre-approved for a home loan. Lender pre-approval letters or some sort of proof of funds, when making a cash offer, are typically required when presenting offers in this area. Lately, a pre-approval can even be required before an agent can show you a property. I have been doing this for over 22 years. If you are a first time home buyer, put my experience to work.
First Time Home Buyers - Possible Loan Options:
FHA loan : Typically best for buyers with lower credit scores or limited savings. Down payment: As low as 3.5%
VA loan : Eligible U.S. military service members, veterans, and surviving spouses. Often requires 0% down.
USDA loan : Typically for moderate to low-income buyers in eligible rural and some suburban areas. Down payment can be 0% down for qualifying properties. Must meet household income limits and purchase a home in a designated rural area.
Conventional 97 (Fannie Mae): Allows for a 3% down payment, if you qualify
HomeReady (Fannie Mae): Offers a 3% down payment, if you qualify
Home Possible (Freddie Mac): Similar to HomeReady, offers a 3% down payment option for buyers with good credit.
Speak with a lender to see if there are any other options for your home loan situation.
Need a Buyer's Agent for your first home? Information on becoming a client
SEVIERVILLE PIGEON FORGE GATLINBURG KODAK DANDRIDGE SEYMOUR KNOXVILLE
SMOKY MOUNTAINS
HOME MORTGAGE LENDERS
Disclaimer: I am affiliated with Prime Mountain Properties for real estate and Loan Factory as a Mortgage Loan Officer. The other lenders mentioned are merely friends or acquaintances so you can shop around. I get nothing in return for mentioning them on the site, other than an occasional thank you. I hope you find the lender you need for your financial situation. I am here as a mortgage loan officer or as a real estate agent. If you want one stop shopping, I can help you with both. Just let me know.
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Mobile Home Loans, with or without a permanent foundation. Also, Land Only Loans
21st Mortgage
David Hackney
Need a Local Real Estate Agent? David Hackney, Broker, REALTOR®
Prime Mountain Properties
Certifications and Designations
Certified Residential Specialist (CRS), Accredited Buyer Representative (ABR), Resort and Second-Home Property Specialist (RSPS), GREEN and more.......
Direct - (865) 250-3428
Office - (865) 453- 4049
Newly Listed Smoky Mountains Homes for Sale - MLS - IDX
Local Expertise: As a trusted real estate professional with extensive knowledge of Sevier, Jefferson, Knox, and Cocke counties, David Hackney understands the unique characteristics of the area. From the tranquil mountain views to the vibrant tourism-driven market, he knows exactly what buyers are looking for. Ready to Buy? Contact David Hackney Today!
Featured Areas
Frequently Asked Questions
We understand that choosing a place to live is a significant decision, and you likely have many questions about life here in Sevier County, Tennessee. To help you get a sense of what it's like to live, work, and play in this beautiful part of the country, we've gathered and answered some of the most commonly asked questions about the area.
Whether you're curious about the cost of living, the local real estate market, or the unique features that make Sevier County stand out, we've got you covered.
Have more questions? David would be happy to answer any questions about moving to the Smoky Mtns. Email, text or call him at 865-250-3428.
Areas served in the Smoky Mountains of Sevier County, Tennessee: