404 James Robertson Parkway,
Suite 1200
Nashville, TN 37243-0900 www.thda.org
Nashville, TN 37243-0900 www.thda.org
News Release
Offers Flexibility to Homebuyers
REALTOR® Jeremy Pittman Learns THDA Mortgage Program
NASHVILLE, September 17, 2008 – Jeremy Pittman, a REALTOR with Keller Williams® Realty attended training on the Homeownership Choices Program from Tennessee Housing Development Agency (THDA) at the Williamson County Association of REALTORS® (WCAR®) office on August 19. Debbie Reeves, THDA Director of Business Development, taught the class.
THDA makes mortgages through local lenders to first-time homebuyers. It has been in business for 35 years. Its mortgage rates are generally more affordable to first-time buyers of moderate- to low-income ranges. The mortgage funds are generated by the sale of tax-exempt mortgage revenue bonds.
“Many families can be successful homeowners with a lower interest rate,” said Reeves. “The 30-year fixed rate is a strong foundation for a predicable budget. THDA does not offer adjustable rate mortgages.”
Down-payment and closing cost grants are available with THDA mortgages. The buyer can choose a grant equal to 2 or 4% of the acquisition cost, but a higher interest rate is charged. Persons choosing the grants are required to take an eight-hour homebuyer education class.
“Buying a home is the largest investment many of us make,” said Pittman. “Homebuyer education is a sensible choice for all buyers.
“We have many homes available right now that fit the THDA purchase limits,” said Pittman. “Buyers can choose a single family home, a duplex, or a condominium. It’s really a very flexible program. I hope buyers will call me at 615-469-1412 to talk about the possibilities or visit my website at www.JeremyPittman.com and request the FREE book Your First Home.”
Jeremy Pittman has been a REALTOR® with Keller Williams® Realty for 3 years and has been awarded top honors during his tenure as a real estate professional. He serves Williamson County and the surrounding areas. Additionally, Jeremy gives back to the citizens of Williamson County as the Chair of the WCAR® Scholarship Committee, helping to award scholarships to deserving high school graduates. He earned 4 hours of continuing education credit by participating in the THDA class.
More information on THDA is available at www.thda.org, including a list of area lenders that work with the program.
***
THDA is a political subdivision of the State of Tennessee. THDA is the state’s housing finance agency, responsible for selling tax exempt mortgage revenue bonds to offer affordable mortgage funds to homebuyers of low and moderate incomes through local lenders, and to administer various housing programs targeted to very low-, low- and moderate-income households.
REALTOR® Jeremy Pittman Learns THDA Mortgage Program
NASHVILLE, September 17, 2008 – Jeremy Pittman, a REALTOR with Keller Williams® Realty attended training on the Homeownership Choices Program from Tennessee Housing Development Agency (THDA) at the Williamson County Association of REALTORS® (WCAR®) office on August 19. Debbie Reeves, THDA Director of Business Development, taught the class.
THDA makes mortgages through local lenders to first-time homebuyers. It has been in business for 35 years. Its mortgage rates are generally more affordable to first-time buyers of moderate- to low-income ranges. The mortgage funds are generated by the sale of tax-exempt mortgage revenue bonds.
“Many families can be successful homeowners with a lower interest rate,” said Reeves. “The 30-year fixed rate is a strong foundation for a predicable budget. THDA does not offer adjustable rate mortgages.”
Down-payment and closing cost grants are available with THDA mortgages. The buyer can choose a grant equal to 2 or 4% of the acquisition cost, but a higher interest rate is charged. Persons choosing the grants are required to take an eight-hour homebuyer education class.
“Buying a home is the largest investment many of us make,” said Pittman. “Homebuyer education is a sensible choice for all buyers.
“We have many homes available right now that fit the THDA purchase limits,” said Pittman. “Buyers can choose a single family home, a duplex, or a condominium. It’s really a very flexible program. I hope buyers will call me at 615-469-1412 to talk about the possibilities or visit my website at www.JeremyPittman.com and request the FREE book Your First Home.”
Jeremy Pittman has been a REALTOR® with Keller Williams® Realty for 3 years and has been awarded top honors during his tenure as a real estate professional. He serves Williamson County and the surrounding areas. Additionally, Jeremy gives back to the citizens of Williamson County as the Chair of the WCAR® Scholarship Committee, helping to award scholarships to deserving high school graduates. He earned 4 hours of continuing education credit by participating in the THDA class.
More information on THDA is available at www.thda.org, including a list of area lenders that work with the program.
***
THDA is a political subdivision of the State of Tennessee. THDA is the state’s housing finance agency, responsible for selling tax exempt mortgage revenue bonds to offer affordable mortgage funds to homebuyers of low and moderate incomes through local lenders, and to administer various housing programs targeted to very low-, low- and moderate-income households.
THDA was established in 1973, making its first mortgage in 1974. It has provided affordable fixed rate mortgages to over 99,000 households without using state tax dollars. THDA issues between $250 and $300 million in mortgage revenue bonds annually for its first-time homebuyer program.
In the year 2007, THDA created the Tennessee Housing Trust Fund using state, THDA and locally-generated match to support programs for the very-low income, elderly and special needs populations.
More information about THDA is available on-line at www.thda.org.
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