Home Contact Us Are You Pre-Approved? News

rightAre you pre-qualified or pre-approved for a loan?- This is the first question a seller or realtor will ask when you are interested in a property for sale.
A Pre Approval can mean the difference between winning your bid for the home you want or watching someone else move in. It's a fast market and sellers are going with the strongest buyers and often won't even entertain bids without a pre approval. Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out
how much you can afford. This will put you in a better position as a buyer. That’s when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.

To get pre-qualified for a loan, our professionals collect information about your debt, income, and assets. We’ll look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. We will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.


It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend.
Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.


To get pre-approved, you will
complete a mortgage application. Reduced documentation programs may also be available to you. For those programs the following checklist may not apply. Standard ( full) documentaion includes your employment, assets and financial status such as W-2 forms, bank records and credit card statements. We’ll review your mortgage options and submit your application to the lender that best meets your needs. Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.


A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.