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Legacy Mortgage Services, Inc.

329 Warfield Blvd

 Suite A

Clarksville, TN 37043

(931) 551-8999

 

Legacy Mortgage Services,  Inc.  offers a variety of loan programs to meet your needs.
 
VA
FHA
Conventional
USDA
THDA

VA

Are you a veteran, member of the military or military spouse? You may qualify for a VA loan.  Use your VA benefits to get into your dream home with no down payment!  

• 30-, 25-, 20- and 15-year terms are all available.

• VA Streamline Refinance with a reduced funding fee and flexible documentation requirements are available for veterans currently in VA loans.

Max loan amount without down payment required $484,350.00

 

 


FHA
FHA loans require a 3.5% down payment and with this program you must also pay a one time upfront mortgage insurance premium along with a monthly mortgage insurance premium.
 

 Max Loan Limit for surround Tennessee Counties:  Montgomery: $314,827.00  Cheatham: $534,750.00  Davidson:  $534,750.00        Dickson: $534,750.00  Houston: $314,827.00  Sumner: $534,750.00

Max Loan Limit for Surrounding Kentucky Counties:  Christian: $314,827.00  Trigg: $314,827.00  Todd: $314,827.00


Conventional
Conventional loans are one of the few loans left that are not backed by the US Government. Typically they require a 5% down payment. There are special loan programs available for first time home buyers that might allow a borrower to only put down 3%. Call our office for more information regarding these loans

USDA
Rural Housing loans are loans that are backed by the US Department of Agriculture. They are a 100% loan which means that you are not required to put a down payment down. There are specific guidelines that must be met for these loans specifically, the location of the property and the borrowers annual income.  Call our office for more information about these loans.
 

To check address eligibility visit:  https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11

To check income eligibility visit: https://www.rd.usda.gov/files/RD-GRHLimitMap.pdf


THDA

Tennessee's housing finance agency, the Tennessee Housing Development Agency (THDA) provides fixed rate mortgage loans for first-time homebuyers, promotes the production of new affordable housing units for households of very low to moderate-income, promotes the preservation and rehabilitation of existing housing units for such persons, and brings greater stability to the residential construction industry and related industries so as to assure a steady flow of housing production. Established by the General Assembly in 1973, THDA has evolved and grown to serve Tennesseans in many ways: providing grants to preserve and create homes, offering rental assistance on several different levels, assisting in the creation and maintenance of rental housing, providing educational opportunities, and helping other State agencies with housing missions to solve problems and save taxpayer; money.

 For more information about THDA visit https://thda.org/homebuyers/great-choice-home-loans



 

**Legacy Mortgage Services, Inc.  is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.