How to Get Preapproved

Why Would I Want to Get Pre Approval or Full Approval?

A pre-approval is not the final approval or commitment but it will give you a good indication of what you may be approved for. When you’re ready to make an offer, having pre approval will show the seller you are a serious buyer.

What is Pre Approval?
Pre approval is a written or oral indication from a a lender stating that you qualify for a particular loan amount (subject to final verifications and underwriting). The tricky nature of the pre-approval is that it serves only as a “pre qualification”, but it does not mean that you are approved for the loan. When you are ready to take the first step for home purchase, getting a pre approval is a good first step before starting the mortgage process.

What is Full Approval?
A full mortgage approval is the final commitment for a lender that your loan is approved. It may be subject to a some final items ; title insurance, an appraisal, home owners insurance just to name a few. This helps to take the anxiety out of the home buying process, since you now know that you are officially approved. Having a full approval will give you peace of mind that your home loan if approved.

We offer prequalifications, preapprovals and full approval and can walk you through the process prior to starting your home search. Get started by letting us know a little bit about yourself with this form.