This ARTICLE On Why Residents Are Moving To Tennessee From High-Taxed States Was PUBLISHED On September 20th, 2019

The Top Reasons Why Residents Are Moving To Tennessee From High-Taxed States:

• Gustan Cho Associates Mortgage Group are experts in mortgage financing
• We are Direct mortgage lenders without any LENDER OVERLAYS
• Lately, we have received more and more phone calls for mortgage qualifications in Tennessee
• There are many reasons why Americans are moving to the state of Tennessee
• In this blog, we will detail advantages the state of Tennessee has to offer and how to apply for a mortgage there

In this article, we will cover and discuss the top reasons Why Residents Are Moving To Tennessee From High-Taxed States.

Some Of The Top Reasons Why Residents Are Moving To Tennessee

Why Residents Are Moving To Tennessee And Calling It Home:

• It is not a myth that many Americans are living in a state that they do not like
• It may be the weather, politics, traffic, but many Americans are living in a city they do not enjoy. Tennessee has a lot to offer
• There are a lot of recreational activities in the Smoky Mountains
• Also, a thriving job market and good schools with affordable housing
• This is going to attract thousands of Americans over the next coming years
• Tennessee population is on pace to exceed 7 million by the 2020 Census

Visit the CENSUS WEBSITE for more information. 

Benefits The State Has To Offer New Taxpayers

Why Residents Are Moving To Tennessee Due To Things The State Has To Offer:

The Great Smoky Mountains:

• Beautiful scenery and tons of room for recreational activities
• Thousands of Americans utilize this land for hunting, ATV riding, horseback riding, and hiking

Scenery And Geography

GSMNP:

• The Great Smoky Mountain National Park is in Eastern Tennessee
• This is an over 800 square mile area in Tennessee and North Carolina
• It is the most visited national park in the nation
• Upon visit, you can see breathtaking views and chase numerous different waterfalls
• A beautiful National Park
• Visit the NATIONAL PARK SERVICE website for more information

Low Unemployment And Great Economy

Low Unemployment:

• Tennessee has one of the lowest unemployment rates throughout the country
• Tennessee is the site for many large corporations
• This includes Eastman Chemical, FedEx, and Nissan (USA division)
• Tennessee has a low business tax rate and friendly incentives to help lead the way for their citizens

Affordable Housing Is Among Top Reasons Why Residents Are Moving To Tennessee

Low-Cost Housing:

• If you are reading this blog, you are more than interested in buying a home
• You will be happy to hear Tennessee has a very low cost of living
• The average home cost is under $150,000
• Also, there is no state income tax for all residents of Tennessee
• Allowing you to afford more home

Why Residents Are Moving To Tennessee Is Due To Music And Festivals

Great Music Scene:

• Whether you like jazz, bluegrass, hip-hop, or country music
• This is the place for you

Nashville Tennessee

Nashville:

•  If you have not visited the Music City, USA, make sure this is on your list when you visit Tennessee
• The city is full of lights, fun, and adventure. Enough live music for everybody
• A beautiful city with a rich history
• Professional sports teams in the heart of downtown create amazing memories

Memphis Tennessee

Memphis:

• There are a lot of sites to see in Bluff City
• Many Americans associate Memphis with Elvis Presley and Graceland
• These attractions alone draw more than 600,000 visitors a year
• Memphis you can see many historic sites, museums, and attractions such as the FedEx forum
• The city has amazing restaurants to visit as well. Which leads us to our next topic

Famous Places To Eat

FOOD FOOD FOOD:

• You may want to wear sweatpants when you travel to Tennessee
• Some of the best food in the country
• Nashville Hot is a name not by coincidence, Restaurants all over Tennessee are featured on many major networks

Everything from fried pickles, cornbread, sweet potato fries, and mac n’ cheese are waiting for you! 

Five-Star Tennessee Direct Lender With No Lender Overlays

How to apply for a mortgage in Tennessee 

• This is the easy part. Call Gustan Cho Associates today
• Call (800) 900-8569
• You may also email gcho@gustancho.com
• After your initial one on one consultation with a licensed loan officer, you will be emailed an application link
• Upon completing that application link and sending in the documentation below, your loan officer will get you pre-approved

For more on the home buying process, please see our WHAT TO EXPECT DURING THE MORTGAGE PROCESS BLOG.

• Last 60 Days Bank Statements – to source down payment
• Last 30 Days Pay Stubs
• Last Two Years W2’S
• Last Two Years Tax Returns
• Driver’s License

Qualifying For A Mortgage In Another State

How can you move out of state and qualify for a mortgage?

• When moving out of state, you will need to meet the credit score and down payment requirements, but you will also need to fill the ability to repay
• An underwriter must justify you will have the ability to repay your mortgage upon your move
• If you are a remote employee, this is easy to cover
• However, if you are changing jobs it is a different story
• You will need to provide your lender with your job offer of employment.
• This must be a full-time position
• The lender can qualify you on your future income
• You will need to send a pay stub when you receive one
• If you are transferring within the same company, the offer letter of employment will suffice

Please see our blog on ABILITY TO REPAY for more information.

Qualifying For A Mortgage In Tennessee With A Direct Lender With No Overlays

Gustan Cho Associates are currently licensed in multiple states and growing. we anticipate helping many families in Tennessee. It is a great place to live with plenty of activities, kind people, and great food. For any general mortgage questions please call Mike Gracz on (800) 900-8569 or send an email to gcho@gustancho.com. We are available 7 days a week to help you with your mortgage needs. We look forward to helping our clients purchase a new home in Tennessee!