How Do You Get Pre-Approved for A Mortgage?

January 14, 2022

To start, we think it's important to define pre-approval. Pre-approval is an "offer" from a lender under specific terms and expires after a specific date (typically 90 days). Pre-approval is not a guarantee and can be voided for a number of circumstances including income changes, discrepancies in credit history and other factors.

In order to get pre-approved for a loan you must go through the majority of the loan process. This means you will need to submit income statements, financial statements, personal information, current residence, verified employment and more. The process can be daunting and we recommend first time home buyers start by getting pre-qualified. The process is much simpler and does not require a hard credit inquiry. Your lender will then give you an informal estimate and help you determine what a realistic loan amount is for you.

If you would like to get pre-qualified or pre-approved you can complete our fast and easy contact form so that one of our experienced Mortgage Lenders can get in touch with you.