Mortgage Investors Group

First-time Buyer Programs

We believe that helping first-time homebuyers get into the home of their dreams is just the right thing to do.
That's why we offer a variety of popular first-time buyer programs. Let us help you get started today!


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Mortgage Investor Group (MIG) believes that helping first-time homebuyers get into the home of their dreams is just the right thing to do.
That’s why we offer a variety of popular first-time buyer programs.
Here are a few of the most popular options we have available:

THDA LOAN PROGRAMS
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THDA LOAN PROGRAMS

Through Tennessee’s Great Choice Loan Program qualified Tennessee residents can use money saving benefits such as lower down payments and cover their closing costs. THDA loan programs can be used with other loan programs such as FHA, VA, and USDA loan programs.

THDA LOAN PROGRAMS
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USDA LOAN PROGRAMS

Through the USDA loan programs, buyers can finance their closing costs into their loans or receive seller assistance for minimal out-of-pocket costs. USDA mortgages usually have very low fixed-interest rates to help you save.

FHA LOAN PROGRAMS
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FHA LOAN PROGRAMS

Backed by the Federal Housing Authority, FHA loans allow lenders to loan money to borrowers who may not qualify, including those with average credit or low to middle income.

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.
  • 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