A mortgage prequalification will give you an idea of how much you can borrow for your new home. You can also go a step further and get Conditionally Approved so you can be relatively confident that your loan will be processed quickly and easily. Understand the differences between Prequalification and Conditional Approval here and get started today.
A mortgage prequalification is an estimate of how much a lender would be willing to loan you. Once you have given an estimate of your income and assets, the we will provide you with a written statement showing your maximum loan amount based on your debt-to-income ratio that you should qualify for.
Visit our Forms and Documents page to find out what documents you will need for your home loan.
Pre approval is where we will complete a full loan application, obtain and review a copy of your Credit Report, review your income statements and or tax returns, information about the property that you’re interested in, what your goal is on the property, suggest what would meet your goals and give you a pre approved letter that you can present to the seller with your offer.
Your real estate agent will often request that you get prequalified or conditionally approved for a mortgage before viewing houses, so they can help you find a home that meets your actual budget.
Presenting a pre approval letter with your offer to the seller has become very important in today’s market.
It can make the difference in a seller accepting your offer even if it’s for the same amount or even less then another offer they get without a pre approval Letter!
Some sellers will not even look at an offer without a pre approval letter accompanying it. The letter lets the seller know that your serious and that you have started the loan process and can usually close quicker than someone one without one, and with less surprises! It allows the seller to feel more comfortable and more confident in their decision to sell you the property.
We are located in San Antonio, Texas and are Licensed Mortgage Broker and a VA Approved lender and have been specializing in VA Loans throughout Texas since 2002.
We can help you accomplish your home purchase or home refinance with expert service, fast closing and very low fees.
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Find out how much you qualify for with No Cost, No Credit Check, and No Obligation!
We are located in San Antonio, Texas and are Licensed Mortgage Broker and a VA Approved lender and proudly boasts an A+ rating from the Better Business Bureau.