Our in-office Financing Program is SO EASY and features NO MONEY DOWN and NO CLOSING COSTS. Your new home loan can be approved in as little as 48 hours. This loan is available to all qualified property owners in East Tennessee. Qualifying is not complicated; all you need is land or the ability to get land or a building lot, income, and some established credit. If you still owe a balance on your land, Family Homes may be able to pay off the land and allow you to build now rather than sometime later! The mortgage is usually figured on a 30 year term with your choice of variable or fixed interest rate. The rate is determined by your qualifications; your sales representative will be glad to discuss your options with you. The loan can be paid off without penalty at any time. One very important element of our financing is that it requires only 10% equity in the loan. Your local bank or mortgage company may require 20% plus closing costs. This feature is only one reason Family Homes builds so many new homes for satisfied customers. Family Homes' in-office financing is popular because you will not pay any interest while the new home is being built. Aconstruction loan at your financial institutuion would require interest paid on their money during the construction of the new home and closing costs at completion. | 
