VA Loans
Empowering Veterans & Active Duty Military with Zero Down Payment Financing. Paragraph: We are honored to serve those who have served our country. Our VA loan program offers unbeatable benefits, including 0% down payment options and no private mortgage insurance (PMI) requirements. Whether you are buying your first home or exploring a VA refinance, The Smith Mortgage Group is dedicated to helping eligible service members, veterans, and surviving spouses maximize their hard-earned benefits
VA Loans
The Smith Mortgage Group is proud to be a trusted VA loan lender serving veterans, active duty military, and their families in Shelbyville, TN and nationwide. Backed by the Department of Veterans Affairs, our VA mortgage program offers exceptional benefits including a zero down payment, no private mortgage insurance (PMI), and competitive rates — plus, The Smith Mortgage Group, powered by FCM, charges no lender fees on VA loans.
As a VA-approved lender, The Smith Mortgage Group understands the unique needs of military families. Our VA loan specialists are committed to making your homebuying or VA refinance journey smooth, respectful, and rewarding — backed by Sterling Smith and our full FCM lending team.
Estimate your VA home loan payment with The Smith Mortgage Group's VA loan calculator — built for zero-down VA financing.
No. VA loans offer flexible credit guidelines compared to conventional loans. There's no official minimum score set by the VA, and The Smith Mortgage Group typically works with borrowers at 620 or higher — often lower with strong compensating factors.
The VA funding fee is a one-time government fee that sustains the VA loan program; it varies by service history, down payment, and first-time vs. subsequent use, and can be financed into your loan. Veterans receiving VA disability compensation are typically exempt. On top of that, The Smith Mortgage Group — powered by FCM — charges no lender fees on VA loans, so you're only ever covering the VA's own fee, not ours.
Yes — VA loan eligibility is a lifetime benefit. As long as you pay off or sell the property tied to a previous VA loan, you can restore your entitlement and use it again. The Smith Mortgage Group can walk you through the restoration of entitlement process for your next purchase.
Yes. VA loans can finance VA-approved condos and properties with up to four units, as long as you occupy one unit as your primary residence — a great way to offset your mortgage with rental income. The Smith Mortgage Group can help you evaluate VA-eligible properties.
VA loans typically close in 30–45 days. With in-house underwriting and deep VA loan experience, The Smith Mortgage Group can often close in as little as 21 days when documentation is ready — built around military timelines like PCS moves and deployment dates.
Every Dream Home Deserves the Right Mortgage
Flexible loan programs designed to fit your unique situation
Conventional Mortgages
Traditional 15-year and 30-year fixed-rate mortgages with competitive rates and flexible down payment options.
- 5% - 20% down payment
- Fixed & adjustable rates
- Rate locks up to 60 days
- Quick pre-approval
FHA Loans
Perfect for first-time homebuyers with as low as 3.5% down payment and flexible credit requirements.
- 3.5% minimum down
- Lower credit score OK
- Mortgage insurance included
- Gift funds allowed
VA Loans
Exclusive benefits for veterans, active military, and surviving spouses with zero down payment required.
- 0% down payment
- No PMI required
- Competitive rates
- Lifetime eligibility
USDA Loans
Zero down payment options for rural and suburban homebuyers in eligible areas.
- 0% down payment
- No PMI required
- Favorable rural rates
- Income limits apply
Jumbo Mortgages
Financing for high-value properties exceeding conventional loan limits with competitive rates.
- Luxury home financing
- Competitive jumbo rates
- 10-20% down typical
- Expert guidance
Refinancing
Lower your payments, access equity, or switch loan types with our streamlined refinance process.
- Lower monthly payments
- Cash-out options
- No appraisal options
- Fast processing
Construction Loans
Financing for homeowners building new homes or undertaking major renovations with interest-only payments during construction.
- Interest-only during construction
- Automatic conversion to permanent
- Inspections tied to disbursement
- Expert project coordination
Investment Property
Specialized financing for real estate investors purchasing rental properties, fix-and-flips, and multi-unit properties.
- Portfolio lending options
- Flexible qualification
- Rapid funding for deals
- Investment strategy guidance
Specialized Programs
Credit challenged loans, bank statement programs, and non-traditional income verification for unique borrower situations.
- Alternative income documentation
- Non-traditional credit evaluation
- Self-employed solutions
- Flexible qualification
Mortgage Consulting
Expert advice on loan selection, rate shopping, financial planning for homeownership, and refinancing strategies.
- Personalized loan recommendations
- Financial planning consultation
- Rate comparison analysis
- Pre-approval guidance
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Discover the full range of our mortgage services and find the perfect option for your home financing needs.
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Continue with a relevant guide or planning tool based on your next question.
- home affordability calculator — Estimate a comfortable housing budget.
- mortgage document checklist — Prepare income, asset and property records.
- mortgage questions and answers — Review common questions about eligibility and the loan process.
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Phone
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Office: 931-205-1424
Office
605 Delray Street, Shelbyville, TN 37160