Pinnacle commits to Housing Fund program
Pinnacle Financial Partners has pledged to The Housing Fund that it will fund $6.5 million of mortgages to the group's new Our House program for lower-income and minority families.
Pinnacle's pledge will cover 75 homes and makes the downtown-based the exclusive corporate provider of mortgages. (The Tennessee Housing Development Agency may be providing similar financing.) Our House covers a quarter of a home's cost with a second mortgage at zero percent. The buyer is responsible for a 1 percent down payment, with Pinnacle picking up the remainder.