Getting Pre-Approved

We recommend that homebuyers get pre-approved with a lender before selecting a home to purchase. Do not confuse this with pre-qualification. Being pre-approved will benefit you in several ways:

• Determines the appropriate price range of homes to view;
• Determines which loan program will best fit your needs;
• Determines your monthly payment;
• Determines the amount of your down payment;
• Determines the amount of your closing costs; and
• Allows us to structure the offer to best suit your financial needs.

In a competitive market like we have right now, there may be several offers presented to the seller simultaneously. The seller may not even consider an offer from a buyer who has not been preapproved.