Loan Programs

A loan for your situation.
Whatever that looks like.

No down payment? Low credit? Self-employed? Veteran? There's a program. Penny will find it.

Zero & Low Down

Get in without emptying your savings

Programs designed for buyers who'd rather keep cash in the bank.

0% Down

VA Loan

For active military and veterans. Zero down payment, no PMI, and competitive rates. One of the best deals in lending — if you've earned it.

0% Down

USDA Loan

Zero down for eligible rural and suburban properties. If your zip code qualifies, this is a remarkable deal most people never hear about.

3.5% Down

FHA Loan

Low down payment, flexible credit requirements, and backed by the federal government. Great for first-time buyers building their financial footing.

Down Payment Assist

DPA Programs

Tennessee offers several down payment assistance programs. Penny will tell you what you qualify for — most buyers are surprised by what's available.

3–5% Down

5% Down Conforming

Limited savings? This option gets you in without draining your emergency fund, keeping you prepared for the realities of homeownership.

HUD Program

HUD Loan

Designed for buyers with imperfect credit or minimal down payment. More flexible underwriting for those who need a second chance.

Conforming Loans

Standard loans, serious savings

The most common loan type — and often the most competitive rates.

📏 Loan limit: Up to $417,000  ·  Best for most Middle Tennessee home purchases
20% Down

20% Down Program

Instant equity, no PMI, and the lowest monthly payment. Ideal if you have the savings and want the best long-term position.

10% Down

10% Down Program

A balance between building equity and preserving your cash. Popular with buyers who want skin in the game without going all in.

5% Down

5% Down Program

For buyers who want to retain savings and still get a solid conventional rate. Smart choice for those keeping cash for repairs and upgrades.

High Balance

Bigger home, bigger loan

When the home costs more but you want conventional-style terms.

📏 Loan range: $418,000 – $625,500  ·  For higher-priced Tennessee markets
20% Down

20% Down High Balance

Maximum equity, no mortgage insurance, and excellent rates for the high-balance tier. Best if you have the capital and want to minimize carrying costs.

10% Down

10% Down High Balance

Split the difference between equity and cash on hand. Good fit for buyers in the Franklin and Brentwood markets.

Jumbo Loans

Luxury homes deserve serious financing

High-value properties — Penny has options that most lenders don't.

📏 Loan range: $626,000 – $2,000,000  ·  Custom underwriting available
20% Down

Jumbo 20% Down

Full equity purchase on a premium property. Strong rate options for well-qualified buyers.

10% Down

Jumbo 10% Down

Preserve capital on a high-value purchase. More flexibility than most jumbo products on the market.

Interest Only

Interest-Only Option

For buyers who want maximum cash flow flexibility during the early years. Popular with high-income buyers who invest aggressively.

Asset-Based

Asset Depletion

Self-employed or retired with significant liquid assets? We use your portfolio to qualify, not just your tax return. A game-changer for the right buyer.

Specialty Programs

The programs people don't know to ask about

These are often the best options — and the least advertised.

Renovation

Renovation Loan

Buy the house AND fund the renovations in a single loan. Perfect for fixer-uppers — roll purchase price and rehab costs together.

Refinance

HARP Refinance

Can't refinance because you're underwater or just above water? HARP is designed for borrowers current on payments but stuck on a high rate.

62+ Homeowners

Reverse Mortgage

For homeowners 62+ who want to eliminate their monthly mortgage payment and access equity. Complex product — Penny will walk you through it honestly.

Not sure which one fits you?

That's literally what Penny is for. Tell him your situation and he'll find the right fit — no pressure, no upsell.

Start My Application

Or call: 615-810-3988