Tracy King, Your Home Sold Guaranteed Realty

Best Tips to Buy a Home in Knoxville With No Money Down

You don’t have to save for decades to buy a home in Knoxville, here’s how to pay little or nothing down

Everyone is feeling uncertainty in the economy these days, and if you want to buy a home in Knoxville, it can seem out of reach. Despite slowdowns in economic growth and increasing cost of living, real estate prices are still incredibly high.

In states with strong and stable economies, housing costs continue to rise. One report showed that homes in the Tennessee market have appreciated 25% in recent years. And with rising home prices, that also means down payments are increasing too.

A traditional 20% down payment is easily tens of thousands of dollars – and it’s only going up. That amount can seem impossible to save. It may take you years to save $20,000 or more for a down payment. That can be demoralizing for anyone wanting to buy a home in Knoxville.

Ways to buy a home in Knoxville with no money down

Thankfully, there are ways to buy with no money down. You just have to know how to take advantage of them. These options have their pros and cons and they’re not for everyone. That’s why you need to know how they work to see if you’re able to avoid a down payment.

Because I regularly see the various financing options available to home buyers in Knoxville, I’ve created a guide called, “How to Buy a Home With Little Or No Money Down.” At Your Home Sold Guaranteed Realty – Kings of Real Estate Team, we want you to be able to own.

Some types of government financing like VA loans and USDA loans offer home buyers 0% downpayment to buy a home in Knoxville and the surrounding areas. There are also some private lenders who provide no-money-down options.

Other types of financing like FHA loans allow smaller down payments much lower than the traditional 20%. Knowing what’s possible and how to get started is the first step, whether you’ve owned a home before or are buying for the first time.

Get the free guide and join the homeownership program

If you’re tired of paying your landlord’s mortgage and want to finally get your own space to call home, this special homeownership program could be just the right solution.

The housing market may seem wild right now but there are always opportunities if you know where to look and you know people who understand the industry.

I want to help you get started buying a home in Knoxville! Your free guide is just a few clicks away. Plus, you can call us at 865-830-3908 or contact us here if you have specific questions.

Phone Preference
This field is for validation purposes and should be left unchanged.
Tracy King $ 121 Suburban Rd, Knoxville, TN 37923 865-830-3908
Tracy King, Listing Agent
5 Stars
View All Listings