3 Reasons To Get Pre-qualified
- For agents, it is bad business practice to ask homeowners to leave their home so they can show it to someone who may not be able to buy. For this reason, the MLS asks that we not show homes until clients are pre-qualified.
- For buyers, the pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free. The lenders listed below are a great place to start.
- POF (proof of funds) must be provided with any offers you make. While pre-qualification is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication of your general creditworthiness and can be used as proof of funds.
Pilgrim Mortgage (recently used by multiple clients)
Highlands Mortgage (recently used by multiple clients)
Wells Fargo Mortgage (recently used by 1 client)
Keller Mortgage (recommended by multiple agents)