Once you have completed an application, we are able to pre-qualify you for a home purchase based on a review of the financial information you stated on the application along with a review of your credit report. A Pre-qualification is a great start to your home buying experience.
A pre-approval can be provided once the required documentation has been provided to verify the information on the mortgage application. Often times there can be a misunderstanding or discrepancy between the application and the documentation. A full pre-approval means that you are very likely to receive a final mortgage approval without any issues arising during the process. This also makes your home purchase offers much stronger to the potential sellers.