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We offer a wide range of mortgage options. Choose from 15- or 30-year conventional or government-insured loans such as FHA, VA, or USDA with low interest rates and down-payment requirements.

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PRMI in Hendersonville is represented by local licensed loan officers, all of whom have years of experience in the local mortgage market. You can count on our help finding the ideal mortgage option for your home.

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Trusted Mortgage Company in Hendersonville, TN

Your dream of owning a home can soon become a reality with Primary Residential Mortgage located Hendersonville, TN. Whether you’re looking to buy your first home, relocating to a new one, or purchasing an investment property or vacation home, PRMI Hendersonville is here to help.

In your journey toward becoming a homeowner, choose an established mortgage lender that can help you finance your ideal home in Hendersonville, Nashville, Murfreesboro, or other surrounding areas.

Fulfilling Dreams of Homeownership in Tennessee

We help make the dream of homeownership come to fruition. With nearly 200 loan options to choose from, finding an affordable mortgage program that fits your unique requirements is easier than you think. A local specialist will be with you through each step of the application process, whether you’re applying as a first-time homebuyer or looking to refinance an existing mortgage.

Our team takes great pride in making sure each and every customer has a positive, personal home loan experience. We are not only knowledgeable about the local Nashville market, we are also backed by one of the industries most reputable lenders with a nationwide presence. Purchase a new home or refinance your current one with a trusted local mortgage company in Hendersonville.

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The Mortgage Lender You Can Turn To

PRMI Hendersonville has been helping individuals, couples, families and retirees obtain home financing for over 10 years. We’ve seen small local communities blossom into thriving neighborhoods. We’re proud to specialize in the local mortgage industry and use our knowledge to help borrowers in Hendersonville, Nashville, Murfreesboro, and many other surrounding areas find the best program for their unique situation and goals. Talk to our team today about your home loan needs.

Variety of Mortgage Program Options and Dedicated Service

With a wide variety of home loan options, we can help customize a program that will best meet your needs. Our streamlined application process called ClickApproval™ helps simplify and expedite the application process. Our experienced loan officers pride themselves on excellent customer service and help to ensure that your experience will be as stress-free as possible. Get in touch with us today.

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Oct 18, 2018 10:34 PM

By: Primary Residential Mortgage, Inc.

Whether you’re a first-time buyer or a seasoned real estate investor, getting the best mortgage rate possible is a vital consideration. At Primary Residential Mortgage, it’s our goal to get the best available option for you and your family.

One such option is an FHA loan. “FHA” stands for Federal Housing Administration, and these are loans that this government organization covers with federally-backed guarantees. Rather than you, the borrower, mortgage insurance is covered by the government. There are several other great benefits of FHA loans – let’s look at a few.

Rates and Credit Scores

Everyone wants a good mortgage rate, and you’ll get one with an FHA loan. A credit score of 660 will qualify you for an FHA interest rate equivalent to what a score of 740 would have gotten you in a conventional loan format, normally a sizable difference in credit scores.

Qualification Thresholds

There are several requirement areas where FHA loans are far less stringent than other popular loan formats. The first of these is credit score, for which requirements are far lower across the board

In addition, you’ll also pay a much lower down payment – as low as 3.5 percent in some cases, compared with the standard 20 percent for conventional loans. There are no prepayment penalties, and we may even be able to offer down payment assistance if you’re in need of it.

Refinancing

Because of their flexibility, FHA loans are often used for refinancing projects. In many cases, you can finance nearly 100 percent of your home in these situations.

Closing Costs

Closing costs are often a large expense, but this can be reduced with FHA loans. FHA loans allow the seller to pay up to 6 percent of the buyer’s closing costs, double the normal amount allowed.

Assumable

An “assumable” loan means that buyers are allowed to take over an existing loan instead of taking out a new one. This is another area of flexibility, one that allows the buyer to choose the best option – either assuming the old loan at the same rate, or getting a new loan with a better market rate available. Since there are no penalties here, the choice is usually simple.

To learn more about FHA loans, or any of our mortgage services, speak to the brokers at Primary Residential Mortgage today.

*The views and opinions expressed are my own and do not necessarily represent the official policy or position of Primary Residential Mortgage, Inc.

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