Many borrowers take advantage of shopping for a loan before they purchase a home. Prequalification is verification that the borrower’s credit, income, debts, and assets have already been reviewed by the lender. This allows the borrower to know how much he/she can afford prior to submitting a contract on a home.

• Getting pre-qualified for a home makes the home buying process much easier for the purchaser.
• To get pre-qualified, please provide the following information to your loan officer for each borrower:
  • Name
  • Social Security Number
  • Address
  • Phone Number
  • Monthly Income
  • Monthly Debt
  • Last 2 years W-2's
  • Current Pay Stubs for 1 month
  • Last 2 months bank statements