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Everything You Need to Know: Buying a New Home & Financing
October 15, 2025
At Parkside Builders, we believe that buying a new home should be one of the most exciting moments in your life, but it should also be attainable. Whether you’re exploring new homes in Nashville or new homes in Chattanooga, understanding how Tennessee new home financing works can make the process smooth and stress-free.
To help you feel confident from the start, we’ve broken down everything you need to know about financing your new construction home, from pre-approval to closing day, plus how our trusted lenders make it easier than ever to get into your dream home.
1. Start with Pre-Approval
The first step toward homeownership begins with a mortgage pre-approval. This process gives you a clear picture of your budget and helps you understand what type of loan best fits your financial situation.
When you work with one of Parkside Builders’ trusted lending partners, such as Chris Sanders, Dawn Kornovich, or Josh McGinnis, you’ll receive expert guidance and personalized service every step of the way. Pre-approval also strengthens your position when it’s time to choose and secure your favorite home site, especially in competitive markets like Nashville and Chattanooga.
2. Understand Your Loan Options
One of the biggest advantages of buying a new construction home in Tennessee is the flexibility in financing options. Your lender will walk you through financing programs such as:
- Conventional Loans: Great for buyers with solid credit and a larger down payment.
- FHA Loans: Popular for first-time buyers thanks to lower down payment requirements.
- VA Loans: Exclusive to qualified veterans and active-duty service members.
- USDA Loans: Ideal for rural or suburban buyers, often offering zero down payment options.
Each loan type comes with different rates, requirements, and benefits, so choosing the right one for your goals is key.
3. Consider the Benefits of a New Construction Home
When comparing new homes to resale homes, it’s important to look beyond the purchase price. With our new homes in Nashville or Chattanooga, you’ll see lower long-term expenses thanks to energy-efficient materials, new appliances, and fewer maintenance concerns.
For example, a homeowner might spend $50–$100 less per month on utilities in a new home due to modern energy-saving features. Combined with lower repair costs, this can offset a higher mortgage payment, meaning your monthly budget may stay the same while you enjoy the benefits of a brand-new home.
4. Explore Down Payment & Closing Cost Options
A common misconception about buying a home is that you need a large down payment to get started. With Parkside Builders’ network of lenders, you’ll discover new home financing programs in Nashville and Chattanooga designed to make new homeownership more accessible.
Many of our buyers in Hendersonville, Gallatin, Nashville, and Chattanooga qualify for down payment assistance or reduced closing cost programs, especially first-time buyers or those moving into new construction communities.
Your lender will also guide you through the closing process, explaining any fees and helping you lock in the most competitive rate possible.
5. Work with Trusted Local Experts
Choosing the right lender in Nashville or Chattanooga can make a world of difference. That’s why Parkside Builders works closely with trusted professionals who understand the Tennessee housing market and are committed to a seamless experience.
Nashville Area Lenders & Title Companies:
- Chris Sanders (V.I.P Mortgage Inc.) | (615) 403-1695
- Dawn Kornovich (Silverton Mortgage) | (615) 794-7465
- Bridge House Title | (615) 771-7969
Chattanooga Area Lenders & Title Companies:
- Josh McGinnis (Benchmark Mortgage) | (615) 525-3720
- Chris Sanders (V.I.P Mortgage Inc.) | (615) 403-1695
- Dawn Kornovich (Silverton Mortgage) | (615) 794-7465
- Brittany Davis (Foothills Title Services, Inc.) | (214) 235-2462
These experienced professionals can help you compare rates, explore incentives, and find the best financing solutions for your new Parkside home.
6. Finalize & Celebrate
Once your financing is approved, you’re ready to move toward closing day; where the keys to your brand-new home await! From signing your final documents to moving into a home built for your lifestyle, you’ll feel confident knowing that you made a smart financial decision with Parkside Builders by your side.
Ready to Start Your Homeownership Journey?
If you’re searching for new homes with financing options in Nashville or Chattanooga, Parkside Builders is here to guide you from start to finish. With beautiful townhome and single-family communities in Nashville, Gallatin, Hendersonville, and Chattanooga, plus trusted lending partners who make financing simple, your dream home is closer than you think.
Contact our team today at (615) 813-1011 or fill out our online form to learn more about our available homes, financing options, and how we can help you take the next step toward homeownership.