We are a team of highly qualified professionals with over 10 years of experience in the mortgage industry. See how we can help you purchase the home of your dreams. Meet our Team! Foundation Mortgage Company is a mortgage broker located in beautiful East Tennessee. As a Mortgage Broker, we have access to a variety of wholesale lenders - locally and across the country.
This allows us to match you with the best lending program for your specific situation. Whether you're a first-time home buyer or have been through the process a number of times, Foundation Mortgage specializes in finding the best rates and passing the savings on to you. By partnering with us, you have the opportunity to support a small business here in Knoxville while getting the best pricing and loan programs from some of the largest lenders.
This allows us to match you with the best lending program for your specific situation. Whether you're a first-time home buyer or have been through the process a number of times, Foundation Mortgage specializes in finding the best rates and passing the savings on to you. By partnering with us, you have the opportunity to support a small business here in Knoxville while getting the best pricing and loan programs from some of the largest lenders.
Services
We are committed to providing our clients with the best home buying experience.
Our outstanding loan originators specialize in finding you the best lending program with the lowest rates, no matter what your needs may be.
Whether you are purchasing your dream home, or refinancing your existing mortgage, our highly experienced team is here to help you.
Our goal at Foundation Mortgage Company is to create lasting relationships with every client by continuing to provide excellent service for many years to come.
Our outstanding loan originators specialize in finding you the best lending program with the lowest rates, no matter what your needs may be.
Whether you are purchasing your dream home, or refinancing your existing mortgage, our highly experienced team is here to help you.
Our goal at Foundation Mortgage Company is to create lasting relationships with every client by continuing to provide excellent service for many years to come.
When buying a home, there are various home loan programs to consider.
One of the first choices a home buyer will need to make is whether you want a fixed-rate or an adjustable-rate home mortgage loan.
The majority of the loan programs will fit into one of these two categories.
However, there is a third option that is a "hybrid" of the two loan programs.
Adjustable-rate mortgage, (ARM): The interest rate of the home mortgage adjusts periodically based on market conditions.
For example, your payment will go up if rates go up and go down if rates go down.
One of the first choices a home buyer will need to make is whether you want a fixed-rate or an adjustable-rate home mortgage loan.
The majority of the loan programs will fit into one of these two categories.
However, there is a third option that is a "hybrid" of the two loan programs.
Adjustable-rate mortgage, (ARM): The interest rate of the home mortgage adjusts periodically based on market conditions.
For example, your payment will go up if rates go up and go down if rates go down.
We understand that the home buying process can be overwhelming for first time home buyers.
Below is some basic information to help you understand the home loan options available to you.
We will work with you to design the best home loan for your specific needs, so that you can get into your very first home quickly and seamlessly!
Below is some basic information to help you understand the home loan options available to you.
We will work with you to design the best home loan for your specific needs, so that you can get into your very first home quickly and seamlessly!
FHA, or Federal Housing Administration home loans are a great option for first-time home buyers.
These loans are insured by the Federal Housing Administration (FHA).
The federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower is unable to make their home mortgage payments.
FHA home loans are one of the better options for borrowers with credit scores under 700.
Usually, borrowers can be approved with a 3% down payment instead of a 20% down payment that may be required on other home loan programs.
These loans are insured by the Federal Housing Administration (FHA).
The federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower is unable to make their home mortgage payments.
FHA home loans are one of the better options for borrowers with credit scores under 700.
Usually, borrowers can be approved with a 3% down payment instead of a 20% down payment that may be required on other home loan programs.
Conventional home loans are one of the most popular loan options because it offers great rates, lower closing costs, and home buying flexibility.
These home loans are offered by private wholesale lenders.
A conventional, or conforming, home mortgage follows the guidelines set by Fannie Mae and Freddie Mac.
While many think that a 20% down payment is required for all conventional home loans, many of our wholesale lenders offer low down payment options.
Conventional loans interest rates are available as a fixed rate or an adjustable rate mortgage (ARM).
These home loans are offered by private wholesale lenders.
A conventional, or conforming, home mortgage follows the guidelines set by Fannie Mae and Freddie Mac.
While many think that a 20% down payment is required for all conventional home loans, many of our wholesale lenders offer low down payment options.
Conventional loans interest rates are available as a fixed rate or an adjustable rate mortgage (ARM).
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