Fast Pre-Approval
If you're in the market to buy a home, you're in the right place. We can quickly talk through your budget, goals, and situation to give you what you need to buy a home.
PREAPPROVAL
A Fast & Easy Process
The first step in buying a home is to get a thumbnail sketch of your budget and situation so we can estimate what you qualify for. We refer to this back-of-the-napkin exercise as "Pre-Qualification." It doesn't give you the ability to make or execute a purchase contract, but it gives you a place to start from as you think through your budget and home buying options.
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Depending on the complexity of your income, assets, employment, and liabilities, we can often work through your pre-qualification in ten minutes! If we need to review self-employment income it can take a bit longer, but the bottom line is that we can help most people get a sense of where they stand very quickly!
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The next step is to gain an official "Pre-Approval" by going through a formal underwriting process. In this process, we will gather actual documentation and do a very detailed
analysis of your scenario. Depending on how fast you can gather the necessary documentation (paystubs, tax returns, bank statements) we can usually have a pre-approval done with 1-2 weeks.
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The key issues we will look at are your creditworthiness from your credit report, your DTI (debt-to-income ratios), and the LTV (loan-to-value) depending on your down-payment strategy/equity in the property. There are different kinds of mortgages for different kinds of variables and we will place your loan accordingly. For example, FHA is a great option for people who need a lower downpayment or have some credit problems. Our job is to guide you every step of the way to make it as fast and easy as possible.