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Alternative Loan Options

Alternative Loan Options

If saving enough for a 20% down payment will delay your home buying dream for years, you should consider your alternate options:

An FHA Loan 

The Federal Housing Administration, or FHA, insures loans for qualified first-time homebuyers. With FHA backing, lenders can offer you a loan at a low interest rate with as little as 3.5% down. 

VA Loans 

Qualified military veterans can obtain a mortgage with zero down payment, thanks to a program administered by the Department of Veterans Affairs (VA). Like an FHA loan, a “VA loan” is a federally insured loan that’s issued by a traditional financial institution, like a bank. These loans don’t require any down payment, and as a bonus, the buyers don’t need to pay PMI either – making them an even better deal than FHA loans.

If you’re interested in learning more about these programs or other options for down payment assistance, please give me a call today. Together we can figure out a way to make your dream of homeownership a reality.

Gregory Rutledge- REALTOR®

Century 21 Platinum Properties

C: 352.233.8419 O: 931.771.9070

*Each Century 21 office is independently owned & operated

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Gregory Rutledge

Gregory was originally born in Florida, but he moved to Tennessee in 2011 while serving in the military with the 101st Airborne Division. Soon after moving to Clarksville, he realized the diversity and the potential the rapidly growing community had. Therefore, he decided to make Clarksville his forever home. After leaving the military, Gregory began his undergraduate studies at Austin Peay State University majoring in the field of psychology. After graduating from Austin Peay, he decided to transition into the real estate business. Gregory is a Realtor for Century 21 Platinum Properties and a member of the Christian Black Team, who genuinely enjoys meeting and communicating with new people. He loves learning about people and gaining insight into how he can help them fulfill their real estate needs. Outside of real estate, Gregory loves to hunt, fish, camp, and spend quality time with close family and friends. Awards & Designations -National Association of Realtors -Tennessee Association of Realtors -Clarksville Association of Realtors -Military Relocation Specialist

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