Financing Your Smoky Mountain Cabin For Sale

DSCR Loans

DSCR enable you to buy or have built a cabin without worrying about debt to income ratio. The loan is based off projected rental income for buying or completed value for construction loans

Fix and Flip Lenders

Basic Information and contacts for fix and flip loans

Financing Your Smoky Mountain Home For Sale

This list is meant to help you whether are purchasing a Sevierville Home for sale, a lot for sale in Cosby TN or a cabin for sale in Pigeon Forge. This information table does change frequently. Also loan programs do vary by lender and by Fico credit score.

OWNER OCCUPPIED - YEAR ROUND Gatlinburg TN Homes for sale for example

Loan Type Percent of Loan Required for down payment Reference Link
Conventional 5% after 20% down payment no PMI Elizabeth Gibson Supreme
FHA 3.5% down payment   Bank of England Morg
USDA 0% down payment   Debbie Love
VA 0% down payment   Quicken Loans

Also, Fannie Mae has HomeReady and Freddie Mac Home Possible conventional
loans on Primary residence with 3% for owner occupants with low/moderate income
(Income must be 80% are less of AMI)

LOT ONLY - Gatlinburg Lots for sale for example
Conventional 30% to 50% depends on lender   Newport Federal

SECOND HOME - Homes for sale Pigeon Forge for example Elizabeth Gibson Supreme
Conventional   10% to 20%downpayment depends on
score and lender   MIG

MOBILE HOME NOT OWNER OCCUPPIED OR SECOND HOME
LOAN is not available

INVESTMENT CABIN - Smoky Mountain cabin for sale for example
Conforming 15% Elizabeth Gibson Supreme
Jumbo Depends on lender and credit score   Bank of England Morg

CONSTRUCTION LOAN CABIN - Pigeon Forge Swimming Pool Cabin for sale for example
All Depends on lender and credit  score Tami Goodman - Revolution

SPECIALTY LOANS

DSCR Loans, Fix and Flip, DSCR Cabin Construction See DSCR DSCR Purchase and Construction Loans See Fix and Flip Loans Fix and Flip Lenders