Mortgage Investors Group

#1 THDA Lender, 20 years running, 2022

Why rent when you can pay a comparable price to own your own home? Mortgage Investors Group (MIG) is the #1 THDA Lender in Tennessee because we always look out for your best interest. We are proud to service and fund loans to our friends and neighbors through the THDA loan programs.

With Tennessee’s Great Choice Loan Program qualified Tennessee residents can take advantage of money-saving benefits such as lower down payments and funds to cover their closing costs

The THDA Great Choice program offers a low fixed rate 30-year first mortgage loan. Great Choice Plus provides two options for down payment and closing cost assistance as a second mortgage:
Deferred Option (No Payments)
THDA will provide $6,000 in the form of a forgivable second mortgage loan on your home. The loan has a 0% interest rate and the payments are deferred until the end of the 30 year term, at that time the loan is forgiven. The loan will be due in full at the time the home is refinanced or sold.
Amortizing Option (Payment)
THDA will provide 6% of the sales price in the form of a second mortgage loan on your home, that is paid in monthly payments over 30 years at an interest rate that is the same as the first mortgage rate. The loan may also be used to pay closing costs.