3 Reasons To Get Pre-approved

  1. For agents, it is a 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.
  2. For buyers, the pre-approval 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.
  3. POF (proof of funds) must be provided with any offers you make. While pre-approval is non-binding to the lender, it does serve as a good indication of your general creditworthiness and can be used as proof of funds when making offers on homes. 

Recommended Lenders

Choosing a lender is the first step toward buying a home.  The following lenders have been used by one or more of our clients:

Pilgrim Mortgage

Highlands Mortgage

Wells Fargo Mortgage

Keller Mortgage

 

 


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