Make Sure to Pre-Qualify for a Loan BEFORE You House Hunt!
Before you start the search for your new home, put in an application with your local lender to pre-qualify for a loan. In the pre-qualification process, an informed loan officer gives you an idea of the type of loans for which you qualify and an estimate of what your loan could be. With this, you can determine your budget for the search and know what to expect when it comes time for the approval process.

During the application process, your lender may ask for the following documentation as well as an application fee:

• Two forms of ID (license and social security card, usually)
• Proof of your current address
• Estimated Annual Household Income
• Estimated monthly household debt and expenses
• Last two years of federal tax returns
• Credit report and a written explanation of any inquiries
• Proof of Assets
• VA certificate or eligibility (if applicable)

It’s also important to keep in mind that the number you see when you receive your pre-qualification may change before you’re pre-approved. It gives you an idea of the loan you qualify for, but if you want to be safe, it might be smart to get pre-approved before you make an offer. As your agent, we’re happy to help you prepare for loan pre-qualification and answer any questions you may have about the mortgage loan process.