When should I get Pre-Qualified or Pre-Approved?
It is important to contact and meet with an experienced Loan Professional before shopping for homes, or putting in offers on Homes. We can help you determine the Down Payment you will need, the Price range that is comfortable for you, and get you Pre-Approved in advance. This will give you confidence when shopping for homes that the loan is right for you.
We will work with you to determine a comfortable Monthly Payment for you and a price range that meets your budget. We will review and consider income, debts, and credit history to ensure you are shopping with a solid Pre-Approval in hand.
We will provide a Pre-Approval letter upon full review, this can be presented to your Realtor. Any offers you make on homes should include this letter to show the seller that you have done your homework and are working with an experienced VA Loan Direct Mortgage Lender.
A VA Mortgage Loan Pre-Approval from a VA direct lender is far superior to a VA Pre-qualification, as it means we have reviewed your documentation, qualifications, credit report, and any special circumstances particular to your situation to ensure that you qualify. A pre-qualification is simply a discussion and possibly a credit pull, not nearly enough to make a reliable decision of VA Loan Qualification. It is extra important to get fully Pre-Approved for your VA Loan when you have experienced a foreclosure, bankruptcy, or short sale. We can help you determine upfront if and when you will be ready to buy again.
To a Home Seller, the Pre-Approval will make a difference in their perception of the quality of your offer. They not only want top dollar for their house, but more importantly, they do want to sell it. So they will appreciate the comfort in knowing that you have already be pro-active in your preparations for your Home Financing.
We are able to help with Pre-Approvals for all types of home loans, including VA, VA Jumbo, FHA, USDA, Conventional and Jumbo Home Loans.
Give us a call to get started today – 866-900-2342 Toll Free.