Getting pre-approved for a home loan is the first step in the home-buying process. We are here to discuss your options with you based on your scenario.
Fill out our inquiry form HERE to get in contact with us. We will call you the same day to discuss with you, even nights and weekends.
Below are the steps that to get you pre-approved:
Application and Credit Worthiness
- Once we discuss, you will fill out our short application so that we can review your income and other financial specifications. This application will take approximately 5-10 minutes to complete.
- With you consent, we will do a soft credit inquiry, that way it does not affect your score. We will balance your finances and determine what amount you qualify for.
Pre-Approval Letter
- Depending on your situation, you will receive a pre-approval. This document states the loan amount you are eligible for based on your financial situation.
- Once you have your pre-approval, you are able to go house hunting and put in an offer on a home!
Time to Shop for a Home!
- Armed with your pre-approval letter, you can confidently shop for homes within your budget. Sellers often view pre-approved buyers more favorably.
Keep in mind that a preapproval is not a guarantee of a loan. The final loan approval is contingent on factors such as the property appraisal and a satisfactory underwriting process. It’s also advisable to get preapproved before house hunting, as it gives you a clearer understanding of your budget and strengthens your position as a serious buyer.
Have questions? We are here to help to answer any questions – We are available for you 7 days a week, even on nights and weekends.
Phone: (815) 582-9066 & (815) 593-4122
Email: [email protected]