Tennessee Home Mortgage Loan Rates
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$150,000 Tennessee Home Mortgage Loan for Under $720/Month!*
*The $706.25 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $889.85. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$30,000 Tennessee Home Mortgage Loan for Under $185/Month!*
*The payment for the first monthly billing period is based on a loan amount of $30,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $184.38 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$160,000 Tennessee Home Mortgage Loan for Under $785/Month!*
*The $753.33 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $923.58. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$175,000 Tennessee Home Mortgage Loan for Under $860/Month!*
*The $823.96 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $1,010.16. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$40,000 Tennessee Home Mortgage Loan for Under $246/Month!*
*The payment for the first monthly billing period is based on a loan amount of $40,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $245.83 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$50,000 Tennessee Home Mortgage Loan for Under $308/Month!*
*The payment for the first monthly billing period is based on a loan amount of $50,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $307.29 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$60,000 Tennessee Home Mortgage Loan for Under $369/Month!*
*The payment for the first monthly billing period is based on a loan amount of $60,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $368.75 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
Tennessee Facts (more Tennessee facts)
• Tennessee Economy: Agriculture: Soybeans, cotton, tobacco, livestock and livestock products, dairy products, cattle, hogs. Industry: Chemicals, transportation equipment, rubber, plastics.
• The world's largest artificial skiing surface is located at the Ober Gatlinburg Ski Resort in Gatlinburg. There a 5-acre artificial ski surface permits skiing in any type of weather.
• State income According to U.S. Bureau of Economic Analysis, in 2003 Tennessee's Gross State Product was $199,786,000,000, 1.8% of the total Gross Domestic Product.
• In 2003, the per capita personal income was $28,641, 36th in the nation, and only 91% of the national per capita personal income of $31,472. Total earnings were $167,414,793,000.(BEARFACTS)
• State sales tax is 7% (6% on nonprepared food), while the counties charge an additional 2.25% for a total of 9.25% across Tennessee. Some cities charge additional 0.50% sales tax, leading to a total of 9.75%: some of the highest sales taxes in the United States. The overall state tax rate is relatively low, however, as Tennessee does not tax wage and salary income (although it does tax unearned income).
• African-Americans once made up 28 percent of the state's population and are 16 percent today. The state's African-American population is concentrated mainly in West Tennessee and the city of Nashville.
• 6.6% of Tennessee's population were reported as under 5, 24.6% under 18, and 12.4% were 65 or older. Females made up approximately 51.3% of the population.
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