Translate:

EN

MIG named #1 TN USDA lender for the 6th consecutive year

MIG named #1 TN USDA lender for the 6th consecutive year


MIG named #1 TN USDA lender for the 6th consecutive year

KNOXVILLE, Tenn. – The U.S. Department of Agriculture has recognized Mortgage Investors Group as the top rural housing lender in Tennessee for 2019, company officials announced today. The department’s Rural Development office recognized MIG with the same award in 2014, 2015, 2016, 2017 & 2018. In addition to being the state’s top volume lender, MIG was also recognized as having the lowest default rate in the state as well.

“We are excited to be the number one USDA lender in the state for the sixth year in a row,” said MIG President and Co-founder Chrissi Rhea. “This program is important to our customers and important to us. We are equally proud of having the lowest default rate.”

As Tennessee’s leading residential mortgage lender, MIG assists clients in selecting from a variety of home mortgage loan programs, including conventional loans and those insured by government agencies, including the USDA’s Guaranteed Rural Housing Loan Program.

“The USDA home financing program is so important to our customers because it allows up to 100 percent financing,” Rhea said. “That alone gives many an opportunity to fulfill the dream of homeownership.”

The MIG Executive Team accepted the award a little differently this year through a Zoom call. USDA officials presented MIG leaders virtually with the Guaranteed Rural Housing (GRH) Top Lender Award. They also recognized the company for outstanding underwriting and low delinquency.

Share

Leave a comment

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. The terms represented here are based on certain assumptions outlined below and/or noted on the loan outline page. Additional details concerning privacy, program disclosures, licensing specifics may be found at migonline.com Legal Information.

MIG Loan Officers will help gather the information needed for an individual assessment to provide home financing which matches the loan characteristics with your home financing needs based on your financial profile, when you are ready to begin a full loan application. For estimates and general information before that step, the basis for which the mortgage financing information are as follows:

  • Rates are subject to change at any time.
  • Rate locks are available at current terms for 30 to 180 days based on program type, credit profile, property location, etc. which will affect the available rate and term.
  • Rate locks are available at current terms for 30 to 180 days based on program type, credit profile, property location, etc. which will affect the available rate and term.
  • Payments will vary based on program selection, current rates, property location, etc.
  • Not all programs are available in all states.
  • Some loan programs may not be available to first time home buyers.
  • Terms and conditions apply, which may include restrictions or limits per loan program.
  • Information is generally based on primary residence occupancy with no cash out when refinancing.
  • Unless otherwise stated, terms shown are estimates based in part on credit score of 700 or higher; owner occupancy, escrow account is established for taxes and insurance(s); debt-to-income ratio no higher than 43.0%; PMI applies to conventional loan programs over 80.0% LTV; VA,FHA & RD require insuring fees included in loan and/or payment; fixed rate, 30 year term.

An MIG Loan Officer is available to help with your financial details to determine which characteristics apply to your situation for a personalized look into which loan program best fits your home financing needs. Please use the Find a Loan Officer link or reach out to Mortgage Investors Group at 800-489-8910. Equal Housing Lender 1.2020