Marissa and Margo
The Marissa and Margo Team
Peoples Home Equity
Knoxville, TN 37922

865-936-9100
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Conventional Loans

Conventional Lending up to 95% Loan to Value “Conventional lending is a type of financing that has been popular for many years. It is the typical loan that most buyers want to obtain.

The conventional market extends financing to homebuyers for as little as 5% down! This small down payment must be the borrowers OWN funds, ‘sourced and seasoned’ in your checking/savings account for at least 60 days (or from the sale or another property etc). The seller is allowed to pay up to 3% towards ‘seller paid closing costs’ on behalf of the buyer in this type of transaction. Buyers can obtain a 30, 20, 15 or 10 year terms for their loans on this type of product Appraisals in Knox County for a Conventional loan are $400.00. Our current minimum credit score requirement for a conventional loan is a 640. However, we normally like to have at least a 680 in order to secure the best rate and lowest Mortgage Insurance Premiums.”


Peoples Home Equity
8913 Linksvue Dr.
Knoxville, TN 37922
Phone: 865-936-9100
Email: mfrench@uclhomes.com

Testimonials

A Realtor's success is tied directly to the people she works with. Marissa and Margo are a dream come true! Helping people is their main focus and they've built their reputation by putting their clients first. Several of my clients who never thought they would qualify for a loan, did after talking to Marissa and Margo. Because of their knowledge of the mortgage industry, ability to resolve credit issues and step by step guidance, these clients are now homeowners. Realtor's will appreciate their attention to detail and constant communication during the loan process. Marissa, Margo and their staff have made me a believer and I've made them my primary mortgage company! Sheri S.
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