Profile
Our President and East Tennessee Lender, Kimberly Richards, has a BA in Legal Studies and has been in the mortgage industry since 1985. She has worked as a processor, loan officer, underwriter, branch manager, and forensic mortgage auditor. As an auditor, she worked with federal entities and private investors who were purchasing mortgage loans from individual banks. The audit would review the file for fraud and the lien position of the current lender. Last several years she has originated loans and operated branches in TN, GA, AL, MS, and TX. She has the experience and knowledge to take Homepath to the next level. East Tennessee Lender.
One-time Close Construction Loans
For Manufactured, Modular, and Stick Built properties: finance the construction, lot purchase, and permanent mortgage all with a single One-Time Close loan. No Re-Qualification. No Second Appraisal.
Conventional
FICO scores start at 630 and above.
Down payment as low as 3% on Home Possible and Home Ready loans for first-time home buyers.
Mortgage insurance required on loans above 80% LTV
Loan amounts up to $726,200 in most areas, some counties may have higher limits
Non-QM bank statement loans for self-employed borrowers.
FHA
Down payments as low as 3.5% with a FICO score of 580+
10% down payment for FICO scores less than 580
Mortgage insurance is required for the life of the loan
Loan amounts up to $472,030 in most areas, HECM limit is $1,089,300.
The seller can contribute up to 6% of closing costs
203K FHA rehab loans
VA
100% Financing available to qualified veterans and active duty military and their families.
Certificate of Eligibility required.
FICO score of 580+ required with no credit issues in the last 12 months
Cash Out Refinance
Take advantage of the equity in your home with a cash-out refinance. Great for consolidating debt or funding home improvements.
USDA
100% Financing is available for eligible properties.
1 – 4 Member family combined income must not exceed $103,500
5 – 8 Member family income must not exceed $136,600
The seller can pay up to 6% of closing costs
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