A Pre-Qualification determines your “purchase power” and helps broadly define the price range of homes your should be considering. A pre-qualification is not a commitment to lend. We recommend you obtain a full pre-approval which is a step above pre-qualification and is a commitment to lend.


Obtaining “Pre-Approval” status provides a distinct advantage for the homebuyer. We will help you select a mortgage that meets your needs and estimate a loan amount that fits your financial situation. A review of your credit report, employment history and assets will be conducted. In fact, we’ll do everything needed to approve your mortgage in advance of locating a property! Once you find a home, generally all that is needed to close is a satisfactory appraisal, insurance policy and title commitment. We can obtain your information directly over the phone and pre-approve most clients within an hour through our automated systems!

A Pre-Approval provides the following benefits …


You know the exact price range you can comfortably afford! Since you know what your purchasing power is, you won’t choose a home that is far below what you really can afford or worse yet, far above what you will qualify for when you apply. Save yourself the heartache of finding a home you love only to find that is it slightly out of your price range.


You will have more negotiating power because the seller and Realtor®s know you qualify for a loan! A seller’s greatest fear is that they will accept a Purchase Contract from a buyer, who is then turned down for a mortgage 3-4 weeks after the offer is accepted. The seller has made plans to move and has already taken their house off the market. If a seller knows in advance that a potential buyer is already approved for a mortgage, studies have shown that they have a greater willingness to negotiate because you have eliminated their greatest fear.


You reduce the level of anxiety usually associated with the home-buying process!


You can close faster – most of the application process is already complete!

Which Mortgage is Best for YOU?

  • FHA
  • VA
  • Conventional
  • USDA
  • Jumbo
  • 30 – Year Fixed
  • 15 – Year Fixed
  • “ARM” Adjustable Rate Mortgage


  • As little as 3.5% down
  • Allows gift funds for down payment
  • Allows slightly higher debt/income ratios
  • Credit scoring is less critical
  • Have had credit problems in the past
  • Amount of loan is limited


  • 100% financing for Veterans
  • More relaxed debt/income ratios allowed
  • Rates are fixed for 15 or 30 years
  • Amount of loan is limited


  • Requires down payment of between 3% and 25% of selling price
  • Stricter credit standards

30-Year Fixed

  • Interest rate and monthly payment remain the same for 30 years

15-Year Fixed

  • Interest rate and monthly payment remain the same for 15 years
  • Best for fast reduction of loan
  • Want to take advantage of lowest interest rate possible

“ARM’s” – Adjustable Rate Mortgages

  • Lower initial interest rate
  • Interest rate is adjusted periodically
  • Payment is subject to change
  • Various loan programs
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