Pre-Qualify
Become more attractive to sellers as a pre-qualified buyer
Before you start looking for your first home, we can help you with a mortgage prequalification or in
some cases, you may be required to provide a mortgage preapproval. In either case, we can help you get
prepared and on your way to home ownership.
Today, many real estate agents will require buyers to obtain at minimum, a pre-qualified letter before they’ll even begin searching for a house to purchase.
A PRE-QUALIFICATION LETTER REPRESENTS a preliminary review of your credit and income history, which applied to your circumstances, provides you with a letter indicating the maximum value of a home that you will likely be approved for. A pre-qualification letter is usually based on an interview between the buyer and the lender.
A PRE-APPROVAL LETTER REPRESENTS a formal review of your credit and income history, including verifying documents, which enables the lender to provide you with a letter of approval up to a certain purchase amount. This letter is based on a formal review of a credit report along with other verifying documents.
Today, many real estate agents will require buyers to obtain at minimum, a pre-qualified letter before they’ll even begin searching for a house to purchase.
A PRE-QUALIFICATION LETTER REPRESENTS a preliminary review of your credit and income history, which applied to your circumstances, provides you with a letter indicating the maximum value of a home that you will likely be approved for. A pre-qualification letter is usually based on an interview between the buyer and the lender.
A PRE-APPROVAL LETTER REPRESENTS a formal review of your credit and income history, including verifying documents, which enables the lender to provide you with a letter of approval up to a certain purchase amount. This letter is based on a formal review of a credit report along with other verifying documents.