How do I buy a home in Tennessee or Kentucky as a first-time buyer?

Buying a home in TN or KY as a first-time buyer starts with three steps: get pre-approved for a mortgage to know your budget, understand which loan program fits you (VA, FHA, conventional, or USDA), and work with a local Realtor familiar with markets like Clarksville, Louisville, Memphis, Elizabethtown, or Radcliff. The free Future Homeowner App walks you through credit prep, savings goals, and loan readiness step-by-step.

Can I buy a home before my PCS move to Fort Campbell or Fort Knox?

Yes. Active-duty military members can buy a home long-distance using a VA loan before arriving at Fort Campbell, Fort Knox, or NSA Mid-South. The process typically involves virtual home tours, electronic document signing, and a Realtor with Military Relocation Professional (MRP) certification representing you locally. Many PCS families close on homes before their report-no-later-than date so they can move in immediately.

What credit score do I need to buy a home with a VA loan?

The VA doesn't set a minimum credit score, but most lenders require at least 620 for VA loan approval. Some lenders accept scores in the 580 to 600 range with additional requirements. Active-duty members, veterans, and eligible surviving spouses qualify for VA loans with zero down payment and no private mortgage insurance — making homeownership accessible even with moderate credit.

How much money do I need to buy a home in TN or KY?

For a VA loan, military buyers in Tennessee and Kentucky often need zero down payment. For FHA loans, plan on 3.5% down. For conventional loans, typically 3 to 5% down for first-time buyers. Add closing costs of approximately 2 to 5% of the purchase price, though VA loans allow sellers to pay most closing costs. The Future Homeowner App helps you calculate exactly what you'll need based on your goal home price.

What's the difference between VA, FHA, and conventional loans?

VA loans are exclusive to military, veterans, and eligible spouses — zero down payment, no PMI, and competitive rates. FHA loans require 3.5% down and accept lower credit scores but require mortgage insurance. Conventional loans require 3 to 20% down, typically need higher credit, and avoid mortgage insurance with 20% down. For military buyers, VA loans are almost always the best option.

How long does it take to close on a home in TN or KY?

A typical home purchase in TN or KY closes within 30 to 45 days from contract acceptance. VA loans average 40 to 50 days due to VA appraisal requirements. Cash offers can close in 14 to 21 days. Military buyers PCS-ing in can often accelerate closings with proper documentation and a Realtor familiar with VA timelines.