What Pre-Approval Means
A pre-approval is more than an estimate—it’s a verified understanding of your financial strength. It defines your budget and gives you the credibility to move forward and compete with certainty.
1. Initial Consultation
We start with a quick conversation to understand your goals and financial picture.
2. Application & Documentation
Complete a streamlined application and provide key financial documents.
3. Expert Review
We analyze your profile and identify the best financing options for your needs.
4. Pre-Approval Issued
Receive your pre-approval letter and shop for your home with clarity and confidence.
What You’ll Need for Pre-Approval
01
Proof of Income: 2 years of most recent W2’s & 30 days most recent pay stubs or 2 years of most recent Tax Returns (If self employed).
02
Asset Documentation (Proof of Funds): Complete bank statements and investment account summaries for the past two consecutive months.
03
Identification: A valid government-issued photo ID, such as a driver’s license or passport.
04
Additional Information (if applicable): Depending on your situation, additional documentation may be required.
Frequently Asked Questions
How long is a pre-approval letter valid?
Most pre-approval letters are valid for 60 to 90 days. If your search takes longer, we can easily refresh the documentation to ensure you remain ready to make an offer.
How do I start the process?
Contact one of our mortgage advisors to discuss your options or begin your pre-approval.
Does it affect my credit score?
A pre-approval involves a hard credit inquiry, which may temporarily result in a minor decrease in your score. However, this step is essential to confirm your purchasing power and eligibility.
How much should I put down?
It depends on your loan type. Conventional loans may require as little as 3–5%, while 20% avoids private mortgage insurance.
What are closing costs, and how much will they be?
Closing costs cover fees for processing your loan, title, and escrow services. They usually range from 2–5% of the loan.
Can I refinance my mortgage later?
Yes! Refinancing can help lower your rate, change your loan term, or tap into equity. We’ll advise if it makes sense for your situation.