MIG enjoys a reputation for delivering unparalleled service to homebuyers. Our experienced mortgage experts take pride in providing personalized service aimed at helping borrowers find the best solution for their home-financing needs.
In addition to offering competitive rates and a diversified line of residential mortgage products, including government and conventional loans, MIG houses on-site underwriting, as well as processing and appraisal services, and employs state-of-the-art technology to ensure a swift and professional lending experience.By becoming a client, you will you be eligible for the Genworth's Homebuyer Privileges(R) Program.
This exclusive program gives new homeowners discounts valued at over $7,500, from a variety of vendors on additional purchases over the next twelve months. Mortgage Investors Group, based in Tennessee, offers residential financing in a number of states in the southeast, See MIG Service Areas. Terms and conditions to apply to home financing. We want to share with you the loan terms vary based on several characteristics and your financial profile.
In addition to offering competitive rates and a diversified line of residential mortgage products, including government and conventional loans, MIG houses on-site underwriting, as well as processing and appraisal services, and employs state-of-the-art technology to ensure a swift and professional lending experience.By becoming a client, you will you be eligible for the Genworth's Homebuyer Privileges(R) Program.
This exclusive program gives new homeowners discounts valued at over $7,500, from a variety of vendors on additional purchases over the next twelve months. Mortgage Investors Group, based in Tennessee, offers residential financing in a number of states in the southeast, See MIG Service Areas. Terms and conditions to apply to home financing. We want to share with you the loan terms vary based on several characteristics and your financial profile.
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About Us
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Mortgage Investors Group (MIG) is committed to helping families in the Southeast fulfill their dreams of homeownership.
Co-founders Chuck Tonkin II and Chrissi Rhea opened a modest lending office in Knoxville, Tennessee, in 1989 with five colleagues.
Today, with over 400 employees in 27 branch locations, MIG is a leading provider of single-family residential mortgages in the Southeast.
As the Tennessee Housing Development Agency's (THDA) top lender since 2003, MIG also enjoys a reputation for delivering unparalleled service to first-time homebuyers.
Co-founders Chuck Tonkin II and Chrissi Rhea opened a modest lending office in Knoxville, Tennessee, in 1989 with five colleagues.
Today, with over 400 employees in 27 branch locations, MIG is a leading provider of single-family residential mortgages in the Southeast.
As the Tennessee Housing Development Agency's (THDA) top lender since 2003, MIG also enjoys a reputation for delivering unparalleled service to first-time homebuyers.
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Mortgage Investors Group, based in Tennessee, offers residential financing in a number of states in the southeast, See MIG Service Areas.
Terms and conditions to apply to home financing.
We want to share with you the loan terms vary based on several characteristics and your financial profile.
These include but are not limited to loan program, loan purpose, occupancy, credit history, credit score, assets, and other criteria per loan type.
The repayment terms and interest rate may vary from time to time.
Terms and conditions to apply to home financing.
We want to share with you the loan terms vary based on several characteristics and your financial profile.
These include but are not limited to loan program, loan purpose, occupancy, credit history, credit score, assets, and other criteria per loan type.
The repayment terms and interest rate may vary from time to time.
Adjustable Rate Mortgage
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An adjustable-rate mortgage, also called an ARM, is a popular type of mortgage with an introductory interest rate that will last for a specific period of time before resetting, or adjusting, at intervals for the remainder of the loan.
Adjustable-rate loans are popular because they typically have a lower interest rate than a fixed loan, although your mortgage payment will change when the interest rate resets.
All ARMs have maximum adjustments (caps) for the interest rate which is used to calculate the payment.
Adjustable-rate loans are popular because they typically have a lower interest rate than a fixed loan, although your mortgage payment will change when the interest rate resets.
All ARMs have maximum adjustments (caps) for the interest rate which is used to calculate the payment.
Conventional Loan Mortgages
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When you apply for a home loan, you have the option of choosing between a government-backed mortgage, like an FHA loan, or a conventional mortgage.
Rather than being insured by the federal government, conventional mortgages are insured by a private company.
Because they do not have government backing, conventional home loans are a higher risk, which means you can expect stricter income and credit requirements.
If you qualify, conventional loans offer many advantages, and they are often more affordable.
Rather than being insured by the federal government, conventional mortgages are insured by a private company.
Because they do not have government backing, conventional home loans are a higher risk, which means you can expect stricter income and credit requirements.
If you qualify, conventional loans offer many advantages, and they are often more affordable.
Down Payment Assistance Loans
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For many borrowers, particularly first-time buyers, the down payment and cash for closing costs is the greatest obstacle to buying a home.
If you are having trouble coming up with the money for your down payment, you may have many options available.
There are many local programs that provide down payment grants, as well as down payment assistance loans to give you a forgivable, second loan that may even cover your closing costs.
Do not assume that you must be low-income to qualify!
There are many types of programs, and borrowers earning up to 120 percent of the median income of the area may qualify for assistance.
If you are having trouble coming up with the money for your down payment, you may have many options available.
There are many local programs that provide down payment grants, as well as down payment assistance loans to give you a forgivable, second loan that may even cover your closing costs.
Do not assume that you must be low-income to qualify!
There are many types of programs, and borrowers earning up to 120 percent of the median income of the area may qualify for assistance.
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