Why it's Important to Pre-Qualify

It's helpful to consult with your mortgage professional as soon as possible — even before you've begun narrowing down neighborhoods. What for? When you don't yet know how much home you need to qualify for, how can we help?

Pre-Qualify

When we pre-qualify you, we help you figure out the amount in mortgage payments you can fit into your budget and the loan amount you will qualify for. We can do this by reviewing your income and debts, your work and housing situations, your available funds for a down payment, required reserves, and some other things. We require a minimum amount of paperwork and avoid a lengthy process.

After you are determined to be eligible, we will prove our confidence in your ability to qualify for a loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Clout

Some benefits open to you once you've found your next house, and have pre-qualification power. The first is that you will be sure what you can afford when calculating the offer. Of greater importance to the home seller, your pre-qualification is like having walked into their house with a suitcase full of cash to make the deal! They will not have to wonder if they're wasting their time if they aren't able to qualify for a high enough mortgage. The seller won't worry if he can trust you to qualify for your loan. Your qualifying for the necessary loan amount will not be something they can fret over. You have the capability to back up your offer.

We will help you pre-qualify

Our mortgage professionals will help you find out the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. During the process, we explore your ability to borrow - reviewing your job, money available for the down payment, debts, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.

One-on-One

While you are able to try our mortgage calculators on our site, it's essential to sit down and talk with us. For one thing, you will need a Pre-Qualification Letter! Next, we can consider your mortgage program options and be sure you are in the right one. Contact us at (800) 763-7154 EXT 3 to get started.