Tennessee Mortgage Lenders
When you’re ready to start the path of purchasing a home, you should begin by exploring your financing options. You may be able to qualify for a variety of loan types, from FHA and VA loans to jumbo loans. As mortgage lenders in Tennessee, we’re happy to help you consider your choices and select the best one for your needs. If you’re looking at refinancing your mortgage, we can help you find the right loan for your financial goals.
Here's a comprehensive look at our most popular loan options
FHA Loans
Homeownership is an option everyone should be able to consider. FHA loans have government insurance, so that borrowers with modest income and credit scores have a better chance of qualifying for a mortgage.
VA Loans
Military veterans can get the benefits of VA loans. A VA home loan, designed for veterans looking to buy a home, offers advantages like 100% financing, no requirement for private mortgage insurance, and competitive closing costs.
Fixed Rate Loans
If you need the convenience of a predictable monthly payment, fixed rate loans may be ideal. These loans have a set interest rate for the life of the loan, so you can feel free to plan ahead.
Adjustable Rate Loans
When you need a lower introductory interest rate, or you simply don’t know how long you plan to live in the home, adjustable rate loans can be a great choice. These loans have a set interest rate for a certain number of years, then the rate fluctuates on a schedule.
USDA Loans
Building or buying a home in a rural area may be more complicated, but USDA loans can help. A USDA loan offers low closing costs and no down payments for qualified buyers in certain regions.
Jumbo Loans
When the cost of housing far exceeds the limits for conforming loans, jumbo loans can be the perfect alternative. Jumbo loans may call for a larger down payment and other requirements, but they make it easier to buy homes in high-cost areas.
New Construction Loans
If you’re planning to build your dream home, you need financing to provide the funds at the right time. Our new construction loans simplify the lending process, so you can build or renovate, then convert to a mortgage.
Renovation Loans
Taking a fixer-upper and making it an ideal home takes the right financing plan. Our renovation loans include construction financing, an FHA 203(K) loan, and more.
Qualifying for a Mortgage Loan in Tennessee
In order to qualify for a mortgage, you’ll need to show that you can handle the financial aspects of the purchase. As mortgage brokers in Tennessee, we’ll ask you for a few documents to establish your financial situation:
- Proof of employment and income, usually through recent paystubs
- Credit report and history
- Proof of assets, including savings, investments, or property
- Debts with monthly payments
Once you provide this information, our mortgage brokerage company can process it.
Benefits of Owning a Home in Tennessee
Buying a home in Tennessee offers many benefits, including affordable prices and low property taxes. As a USDA home loan lender, we’re happy to help you maximize the advantages of The Volunteer State’s urban culture and rural charm, depending on your homeownership goals.
Contact The Sherry Riano Team Today!
Starting the path to homeownership can be full of excitement. At The Sherry Riano Team, our team works hard to help you get everything you want from the process, with less stress and complication. Let our mortgage loan originator show you how simple applying for a mortgage can be.
