Conventional Loans

Conventional home loans are one of the most popular options because they offer great rates, low closing costs and down-payment flexibility. A conventional, or conforming, mortgage follows to the guidelines set by Fannie Mae and Freddie Mac. Down payment requirements could be as little as 3% of the purchase price. Sellers can pay a portion of the buyer’s closing cost.

  • Conventional Purchase Loans
  • Conventional Refinance Loans

FHA Loans

FHA home loans are a great choice for first time home buyers as they were created to provide borrowers with an alternative to conventional mortgages –with flexible guidelines. FHA loans are insured by the Federal Housing Administration (FHA). FHA home loans are great options for borrowers with mid-range credit scores. With FHA,the 3.5% down payment requirement can come from a gift or a grant. Also,seller of the home can contribute to up to 6% towards the buyers’closing costs. FHA loans require the home buyer to have government-funded mortgage insurance which can be added cost to the monthly mortgage payment.

  • FHA Purchase Loans
  • FHA Refinance Loans

VA Loans

Veterans Affairs loans through the U.S. Department of Veterans Affairs are available to qualified veterans and military members. The VA Loan Guaranty Program was put in place in 1944 to help veterans returning from war afford a home. Over 19 million veterans have since used the program. Along with offering loans to buy a home, a VA loan can be used to refinance an existing VA loan or take cash out of a home.If you’re active duty military, an honorably discharged veteran or an eligible family member of a military veteran, you may qualify for a Veterans Affairs loan.

  • VA Purchase Loans
  • VA Refinance Loans

Rural Development Loans

United States Department of Agriculture or commonly referred to as (USDA) is one of the most popular 100% options available. The USDA home loan program was created in 1991 to improve home ownership rates in rural areas. You may be eligible for a 0% down payment loan through the USDA home loan program if you meet certain income guidelines and purchase property in a designated rural area. Also, buyers may finance their closing costs into their loan or receive seller assistance for minimal out-of-pocket costs. USDA mortgages usually have very low fixed-interest rates.

  • USDA Purchase Loans

Mountain Trust Mortage

Our mortgage loan experts can provide you with valuable loan information plus other helpful resources to make your home buying experience quick, easy and enjoyable!

Contact us

  • 4653 Highway 411
    Madisonville, TN 37354
  • 835 S Congress Pkwy
    Athens, TN 37303
  • 423-420-6513
  • Fax 423-420-6514