Tennessee is home to a rich culture and history, as well as a mild climate and its own brand of southern charm. Whether you are interested in living in the state due to the musical history and attractions of Nashville and Memphis or if are impressed by the hills and mountains in the rural areas Tennessee is a place many people are proud to call home.

If you're looking to buy a home in Tennessee, or mortgage refinancing is on your radar, it's important to shop for the best mortgage interest rates to get the best rates on home loans.

Those with excellent credit and a comfortable income will be eligible for the best home mortgage rates in Tennessee, however even for those with a lower income or less than perfect credit home ownership may be possible.

The Tennessee Housing Development Agency (THDA) is a great resource for lower income persons looking to buy their first home. The THDA also provides opportunities for many to refinance or renovate their home so long as borrowers meet credit and income requirements. First time home buyers may qualify for mortgage interest rates that are slightly lower than market rates or that offer assistance with closing costs.

The Great Save is an important Tennessee mortgage program that is designed to help those who with middle or low incomes that are struggling due to a rise in their interest rate that happened after an adjustable rate mortgage expired. It is direct specifically at those low to middle income homeowners who bought their homes under an Adjustable Rate Mortgage (ARM) between December 31, 2001 and December 31, 2007 and are facing financial hardship because of the increased interest rate.

Whether you buy or refinance your home based on Market rates alone, or you qualify for one of the programs in Tennessee designed to assist home buyers, you should discuss all the possible buying options, including fixed rate mortgages as well as Adjusted Rate Mortgages that start at a lower rate the first few years, but will fluctuate with the index for the life of the loan.

In order to help potential, new, and existing homeowners understand everything that is involved with home ownership including budgeting, mortgage rates, finance management, and home management the THDA also offers an educational program in addition to its other programs making owning a home in Tennessee a great choice.