Real Estate for sale in Blount County Tn!
Mortgage Frequently Asked Questions!
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Q: What is the first step to getting pre-approved?
A: The first step is to contact a lender and give them information about your employment, income and
credit so that they may determine what loan program is right for you and what amount you qualify for.

Q: What should I have ready when I apply for a loan?
A: Social Security Numbers, copies of bank statements, recent paycheck stubs, a list of your debts as
well as your last 2 years W-2 forms.

Q: What if I am Self–Employed?
A: There are so many loan programs available for self-employed individuals with loan to values as high
as 95%. Depending on your credit score the rates can be quite competitive.

Q: As a veteran am I guaranteed a loan?
A: No. You must still credit qualify and income qualify. VA just guarantees a portion of the loan if you
qualify through a lender.

Q: What does 100% Financing mean?
A: That means that you are not required to put a down payment on a loan but you may still have some
closing costs to pay depending on the loan program.