What’s a Pre-Approval?

Pre-approval is when a Lender reviews your financial information to establish your price range for your home purchase. This process should be done prior to looking at homes.

Getting pre-approved saves time so you are focusing on the right price range. It also helps you gain confidence and avoid disappointment by choosing the monthly payment that is right for you.

Pre-approval will give you an advantage by speeding up the process and assisting your Realtor with negotiations.

Pre-approval requires:

1. Income Information
   - Tax Returns
   - W-2’s or 1099’s
   - Paystubs
   - Additional income information such as: Social Security, Child Support, 
     Retirement Accounts, ETC.
2. Authorization for Lender to pull Credit Report.
3. Assets to be used for the purchase.

Once your Lender has reviewed your information, they will be able to provide you with a pre-approval letter.

Although pre-approval is not a final loan commitment, it is a step in the right direction to improve your purchasing power.


We brighten the path to home ownership.