A mortgage pre-approval is the first step toward buying a home. It helps you understand how much you can afford, so you can shop with confidence. Plus, sellers take your offer more seriously when you’re pre-approved.
Getting pre-approved gives you a clear picture of your home-buying budget, so you can focus on homes within your price range. It also shows sellers and real estate agents that you’re a serious buyer, which can give you an edge in a competitive market. With a pre-approval in hand, you’ll know your estimated loan amount, interest rate, and potential monthly payments—helping you make confident, informed decisions. Plus, pre-approval speeds up the mortgage process once you find the right home, so you can close faster and move in sooner.
Provide some basic details about your income, credit, and assets. This helps us determine how much you may qualify to borrow, giving you a clear budget for your home search.
Based on your financial profile, we’ll calculate an estimated loan amount and potential interest rate. You’ll have a better idea of what your monthly payments could look like before you start shopping.
Once pre-approved, you’ll get a letter that strengthens your offer when bidding on a home. Sellers and agents will know you’re a serious buyer, making your offer more competitive.
Lenders want to see a steady and reliable income to ensure you can repay your loan. You’ll typically need recent pay stubs, W-2 forms, or tax returns if you’re self-employed to verify your earnings.
Your credit score helps determine your loan options and interest rate. A higher score can unlock better terms, but don’t worry—there are loan programs available for a range of credit profiles.
Lenders review your bank statements and other assets to confirm you have enough savings for a down payment and closing costs. Having a financial cushion can also strengthen your approval chances.