Getting Pre-Approved

First step in home shopping.

Mortgage Pre-Approval

What does it mean to get pre-approved? Mortgage preapproval is the process of determining how much money you can borrow to buy a home. Learn more below including when and how to get pre-approved for your mortgage.

About Mortgage Pre-Approval

It can be hard to shop for a home without knowing how much you can afford. Mortgage preapproval lets you shop smarter and make stronger offers. Let’s look at what it means to get preapproved and how to get started.

Should I get pre-approved?

Know before you go

Pre-approval is an important first step in the home buying process. In a competitive market, many first-time buyers miss out on placing an offer on a home due to their not being pre-approved beforehand. The reason is that most sellers require a pre-approval letter to accompany the purchase offer. 

If you are ready to put in an offer for your dream home, getting pre-approved (as opposed to just getting pre-qualified) is a good idea.


Setting realistic goals

  • Setting Realistic Goals

With a pre-approval, you will be able to spend more time shopping for homes that you can actually afford, versus homes that may be out of your financial reach. 

  • Identify Potential Issues

Before becoming too emotionally invested, it is good to identify and address any barriers that may prevent you from getting a mortgage. 

  • Save Time

In competitive markets, sellers often require a pre-approval to accompany the purchase offer. You don't want to miss the opportunity to have your offer examined due to not being pre-approved. 

  • Gain Competitive Advantage

If a home has multiple offers, the buyer with a strong pre-approval will be considered above those who do not. 


Gather your docs

  • Good credit score of 620 or higher (we have programs for those with a credit score from 500 to 620)
  • Proof of income such as 2 months of pay stubs or W2s
  • Proof of assets such as bank and investment statements
  • Employment verification and other documentation


Mortgage Pre-Approval FAQs

Helping You Buy on Your Own Terms

You owe it to your self to explore our hassle-free mortgage options at low and affordable rates.