How to apply for a loan?
To apply for a loan with Vanderbilt Mortgage, click Apply Today on the main page of the website. Choose if you want a loan for a new home or a pre-owned home purchased from VMF homes. Then choose the location and sections of the home. You will be required to enter the down payment you currently have and fill in your personal information, address, employment, and income details. Once you click Submit, the company will conduct a soft credit pull and contact you in case you can qualify. On this stage, the representative will consult you on the credit requirements and the additional documentation you will need to submit.
If you agree to the terms Vanderbilt Mortgage offers you, you can proceed with the application and undergo a hard credit check.
Requirements
To apply for Vanderbilt Mortgage loans, the customer doesn’t need to have a good credit score or extensive credit history. You can apply with a 580 FICO score for a specific home loan option. The customers need to be of the majority age in the states they live in and be US citizens.
To apply, the customer needs to provide:
A valid personal identification document (SSN, driver’s license, passport);
A valid bank account number;
Proof of income and employment (W-2 form or other tax and income documents).
