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Murfreesboro, TN Homes for Sale by Benchmark Realty LLCMurfreesboro, TN Homes for Sale by Benchmark Realty LLC

Lane Wommack – 615-542-6261
Rebecca Wommack – 615-542-0660
Lora Rodgers – 615-772-5576
Don Richer – 615-456-9189
Delena Marie – 615-684-9505
Ruth Ocana – 615-593-4995
Mariah Tellez – 615-498-3710
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Qualifying for a Loan – What do I need to Qualify?

 

Before you start searching for your new home, the first step is to speak with a lender and determine your budget. This is being pre-qualified for a loan. Once you find the right home, then your lender will order an appraisal of the property and complete your financing. If this is your first home purchase, or if it’s been awhile since you’ve purchased, understanding how to prepare for the qualifying process is the first step to success.

What do I need to qualify for a home loan?

When preparing for your meeting with the lender gather all the pertinent documentation and bring them with you. The lender will want to see 2 months of employment pay stubs and bank records as well the past 2 years of tax returns. After reviewing your income and savings, the lender will also order a credit report which shows all your recurring debt and payment history. This will be used to determine your ability to pay the proposed mortgage.

How does credit, down payment and income affect my ability to get a loan?

There are a variety of loan programs available. From 0% down VA loans to traditional 20% down loans, your lender will review all your options with you so you can determine the best program. Some government guaranteed loan programs, such as the VA or FHA, are more lenient with your credit score requirements as well as other qualifications, such as savings and income ratios.

Qualifying for a home loan might feel overwhelming, but your lender can walk you through the process and requirements. After learning your options, you can make the best financial decision for your new home loan.

Posted in: Blog, Buyers, Eagleville, Featured Blog Posts, LaVergne, Mortgages & Finance, Murfreesboro, Real Estate News, TN Tagged: Eagleville TN Homes for Sale, Eagleville TN Real Estate, lavergne tn homes for sale, Laverne tn real estate, Mid TN Homes For Sale, Murfreesboro TN Homes for sale, Murfreesboro TN Real Estate, Threaded Comments

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Featured Properties

4727 Peytonsville Rd E $7,500,000

4727 Peytonsville Rd E Franklin, Tennessee

5 Beds 8 Baths 8,883 Sq Ft 13.030 Acres

0 Old Hillsboro rd $6,499,000

0 Old Hillsboro rd Franklin, Tennessee

5 Beds 7 Baths 8,252 Sq Ft 10.769 Acres

1416 Chickering Rd $6,000,000

1416 Chickering Rd Nashville, Tennessee

5 Beds 8 Baths 5,750 Sq Ft 9.430 Acres

2618 Factory Rd $5,880,000

2618 Factory Rd Murfreesboro, Tennessee

Beds Baths Sq Ft 112.090 Acres

1004 Liberty Church Trl $4,999,999

1004 Liberty Church Trl Brentwood, Tennessee

7 Beds 11 Baths 10,668 Sq Ft 1.830 Acres

160 2nd Ave S 3401 $4,250,000

160 2nd Ave S 3401 Nashville, Tennessee

2 Beds 3 Baths 2,172 Sq Ft Acres

1517 Lone Oak Cir $4,195,000

1517 Lone Oak Cir Nashville, Tennessee

5 Beds 9 Baths 6,857 Sq Ft 0.710 Acres

160 2nd Ave S 3102 $3,999,999

160 2nd Ave S 3102 Nashville, Tennessee

2 Beds 3 Baths 2,384 Sq Ft Acres

1816 Franklin Hills Ln *Lot 2* $3,999,900

1816 Franklin Hills Ln *Lot 2* Franklin, Tennessee

4 Beds 6 Baths 7,907 Sq Ft 5.093 Acres

3914 Harding Pl $3,995,420

3914 Harding Pl Nashville, Tennessee

6 Beds 8 Baths 6,292 Sq Ft 0.500 Acres

4618 Belmont Park Ter $3,749,950

4618 Belmont Park Ter Nashville, Tennessee

6 Beds 6 Baths 6,119 Sq Ft 1.070 Acres

565 Grand Oaks Dr $2,999,900

565 Grand Oaks Dr Brentwood, Tennessee

5 Beds 7 Baths 8,165 Sq Ft 3.940 Acres

3304 Overlook Dr. $2,999,000

3304 Overlook Dr. Nashville, Tennessee

5 Beds 7 Baths 5,861 Sq Ft Acres

160 2nd Ave S 2007 $2,950,000

160 2nd Ave S 2007 Nashville, Tennessee

2 Beds 3 Baths 1,524 Sq Ft Acres

1411 Old Hickory Blvd $2,899,000

1411 Old Hickory Blvd Brentwood, Tennessee

5 Beds 7 Baths 7,416 Sq Ft 2.030 Acres

Talk To Team Wommack Now!

Have a question? Give us a call at 615-809-2323, or you can click on our logo for more options. Call or email and we will contact you right away.

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615-809-2323 Office
615-542-6261 Lane
615-542-0660 Rebecca
lane@teamwommack.com
License# 00327349
rebeccawommackrealtor@gmail.com
License# 335407
Benchmark Realty, L.L.C.
630 W. Burton St.
Murfreesboro, TN 37130
Office License # 261865

Murfreesboro Real Estate

Did you know the hottest homes for sale in Murfreesboro often sell within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

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As local Murfreesboro Real Estate Agents we also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact us at your convenience. There is no obligation and or pressure... we hope to hear from you!

Featured Properties

4727 Peytonsville Rd E $7,500,000

4727 Peytonsville Rd E Franklin, Tennessee

5 Beds 8 Baths 8,883 Sq Ft 13.030 Acres

0 Old Hillsboro rd $6,499,000

0 Old Hillsboro rd Franklin, Tennessee

5 Beds 7 Baths 8,252 Sq Ft 10.769 Acres

1416 Chickering Rd $6,000,000

1416 Chickering Rd Nashville, Tennessee

5 Beds 8 Baths 5,750 Sq Ft 9.430 Acres

2618 Factory Rd $5,880,000

2618 Factory Rd Murfreesboro, Tennessee

Beds Baths Sq Ft 112.090 Acres

1004 Liberty Church Trl $4,999,999

1004 Liberty Church Trl Brentwood, Tennessee

7 Beds 11 Baths 10,668 Sq Ft 1.830 Acres

160 2nd Ave S 3401 $4,250,000

160 2nd Ave S 3401 Nashville, Tennessee

2 Beds 3 Baths 2,172 Sq Ft Acres

1517 Lone Oak Cir $4,195,000

1517 Lone Oak Cir Nashville, Tennessee

5 Beds 9 Baths 6,857 Sq Ft 0.710 Acres

160 2nd Ave S 3102 $3,999,999

160 2nd Ave S 3102 Nashville, Tennessee

2 Beds 3 Baths 2,384 Sq Ft Acres

1816 Franklin Hills Ln *Lot 2* $3,999,900

1816 Franklin Hills Ln *Lot 2* Franklin, Tennessee

4 Beds 6 Baths 7,907 Sq Ft 5.093 Acres

3914 Harding Pl $3,995,420

3914 Harding Pl Nashville, Tennessee

6 Beds 8 Baths 6,292 Sq Ft 0.500 Acres

4618 Belmont Park Ter $3,749,950

4618 Belmont Park Ter Nashville, Tennessee

6 Beds 6 Baths 6,119 Sq Ft 1.070 Acres

565 Grand Oaks Dr $2,999,900

565 Grand Oaks Dr Brentwood, Tennessee

5 Beds 7 Baths 8,165 Sq Ft 3.940 Acres

3304 Overlook Dr. $2,999,000

3304 Overlook Dr. Nashville, Tennessee

5 Beds 7 Baths 5,861 Sq Ft Acres

160 2nd Ave S 2007 $2,950,000

160 2nd Ave S 2007 Nashville, Tennessee

2 Beds 3 Baths 1,524 Sq Ft Acres

1411 Old Hickory Blvd $2,899,000

1411 Old Hickory Blvd Brentwood, Tennessee

5 Beds 7 Baths 7,416 Sq Ft 2.030 Acres

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