PNFP In The News

PNFP In The News

PNFP In The News

Pinnacle commits to Housing Fund program

September 16, 2011

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.

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