The Importance of Pre-Qualification

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It is helpful to consult your mortgage loan professional as soon as possible — even before you've started to research neighborhoods. Why? When you do not know yet how much home you need to qualify for, what could we help you with?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. The process outlines your finances - your debts, income, job, and down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are helping you to find the ideal loan to fit your financial needs and that we are confident you'll qualify for a mortgage loan up to a certain amount.

Pre-Qual Power

When you locate the house that is right for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. First, it lets you know the amount that you can offer. Even more important to the seller of the house, your pre-qualification status gives them confidence - as if you'd entered their home with a suitcase of cash to back up the offer! They won't need to worry that that they're wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.

We will help you pre-qualify

When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you can qualify for. We accomplish this by reviewing your income and debts, your work and housing circumstances, your available funds for down payment, required reserves, and other considerations. It's quick and basic; and we keep the paperwork light.


You can always use the calculators available on our site to calculate the size mortgage you can afford - but it's also important to meet with one of our mortgage professionals. We can begin getting your pre-qualification letter. For another thing, we might locate a different mortgage loan option that fits your situation better. Let us get you started: Contact us at (434) 975-5626.

Have questions about pre-qualifying? Call us at (434) 975-5626. It's our job to answer pre-qualification questions, so we're happy to help!

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