Smithbilt Homes

Did you know you can buy a house, NO money down?!

100% Financing — The Zero Down Mortgage Loan

100% financing means you buy your dream home with a zero down mortgage loan, also known as 100 percent financing. You can be in your home sooner without having to worry about saving for a large down payment. With a zero down mortgage, the amount of loan you can qualify for is determined by your ability to make your monthly payments rather than how large a down payment you’ve saved. And, for most buyers, this means qualifying for a larger loan thanks to 100 percent financing.

USDA Rural Development

The USDA loan provides low and moderate income borrowers with better affordable housing finance options with little or no down payment or out of pocket costs. The property must be located within a USDA designated area.

  • 100% financing available to qualified borrowers.
  • Seller can contribute up to 6% of the borrower’s closing costs.
  • Flexible mortgage guidelines.
  • Income and property restrictions do apply.

VA Loan

The VA loan is an excellent loan that assists our Nation’s Veterans with obtaining homeownership.

  • Up to 100% financing available.
  • No monthly mortgage insurance.
  • Seller concessions up to 4% of the reasonable value of the property.
  • Credit scores as low as 620.
  • Surviving spouse may be eligible, as determined by VA.
  • Must be a Veteran, Active Duty Military, or member of the Reserves.

Eligible Communities: All Smithbilt communities are eligible for the VA loan program


The Tennessee House Development Agency “THDA”s Great Choice Loan Program offers 30-year, fixed rate mortgages and down payment assistance to eligible first-time, repeat and military homebuyers. Borrowers must meet certain requirements and conditions, including credit history, income limits and cost of home.

For first-time homebuyers, one of the greatest obstacles in the homeownership process is saving the money to cover the down payment and closing costs. The Great Choice Loan Program provides qualified Tennesseans up to 4% down payment assistance to be used with FHA, VA, USDA-Rural Development and uninsured conventional loans.

Eligible communities: Many of our communities are eligible for THDA, contact your mortgage loan officer for questions regarding a specific home.