First Step

Getting preapproval/prequalified is one of the most important steps in purchasing a home. It’s FREE!

Pre-approved!

Getting preapproval/prequalified is one of the most important step in purchasing a home. It’s EASY & FREE!

Call today for your FREE pre approval consultation.

We need 5 basic items:

  • Names of Borrower(s)
  • Current Address
  • Social Security Number(s)
  • Two Year Employment History
  • Monthly Gross Income

 

What not to do:

  • Don’t purchase anything on credit.
  • No new debts!
  • Don’t let anybody pull your credit!
  • Don’t use your credit cards!
  • Don’t quit your job!
  • Don’t make any cash or non payroll deposits!
  • Don’t look at property needing major repairs without consulting with loan officer!

Preapproval Facts:

  • All borrowers must have qualifying credit and income to be able to qualify for a mortgage loan.
  • Different properties may qualify for different mortgage financing. Please consult with a real estate agent and loan officer.
  • Unless you have 20% equity of downpayment, you will be required to escrow for your property taxes and homeowners insurance.

 

Common Questions:

  • What can you afford as a monthly house payment? Don’t forget about property taxes, homeowners insurance and some programs require monthly private mortgage insurance.
  • Do you have a down payment?
  • Are you working with a buyer’s real estate agent? I highly recommend a buyer’s represenative to help you and provide you the security of purchasing a home. (They are no cost to the buyer)
  • Who would you like to use for your homeowners insurance?

When in doubt call your loan officer and ask!

Call for your FREE preapproval and consultation today!

Volunteer Home Mortgage

1033 W. Broadway Ave
Maryville, TN 37801