It's essential that you get pre-approved for a mortgage loan before you start shopping for your next home.
Before starting your home search, let KFS Mortgage Company help you get pre-approved for a mortgage. You’ll be ready to make an offer confidently and quickly when you find your dream home!
A mortgage pre-approval is an essential step in the homebuying process. A pre-approval will help you determine how much you can afford. It will also provide you with the information you need to choose a mortgage option that is best for you. Our fast, FREE pre-approval program gives you an advantage when shopping for a home. You’ll feel secure making an offer on a house with a pre-approval certificate in your hand!
Read on for an explanation of the pre-approval process and how we can help you find the perfect home.
A pre-approval means a lender has approved you for a specific loan program and amount. Being pre-approved provides you with several advantages.
Generally, being pre-approved is different than being pre-qualified. For pre-qualification, you tell a lender about your income, assets, and debts, but they do not verify the information and typically don’t check your credit report. A pre-qualification will tell you what you will probably qualify for if all the information you provided is accurate and your credit is good.
The pre-approval process involves thoroughly reviewing your homebuying goals and finances to determine a home price range and mortgage loan options. We’ll review your credit score, debt-to-income (DTI) ratio, income and employment history, down payment options, and other factors. We’ll review your home financing options, including programs for first-time home buyers. And we’ll answer all your questions along the way. We’ll help you determine your financial strategy, mortgage amount, and purchase price. Once you’re pre-approved, we’ll give you a pre-approval letter to use in your homebuying negotiations. Then, you can focus on shopping for your home and be ready to make an offer when you find your dream home.
Pre-approvals are subject to your continued good credit and are usually valid for 120 days.
You can count on our pre-approvals because we use the same criteria to evaluate and issue pre-approvals that we use to make loan approval decisions.
Before you make an offer on your dream home, we will ensure you and your co-borrower have qualifying credit so that you won’t be surprised by unknown credit issues and lose out on the home of your dreams. We’ll answer your questions, review your loan program options, and provide a pre-approval certificate you can take to your real estate agent and use in your homebuying negotiations.
If you don’t currently qualify for a mortgage loan, we’ll take the time to learn about your homeownership goals and provide guidance and the specific action you can take to help you reach your goals.
Below is a general list of things you’ll need for pre-approval. You can also download our Pre-Approval Checklist for easy reference.
Employer(s) name, address, and phone number for the past two years
W-2s for the past two years
Pay stubs covering wages for the most recent 30-day period
If self-employed, personal and business tax returns (if applicable) for the most recent two years, signed and dated, with all schedules attached
Previous two statements for all deposit accounts, including checking, savings, investment, IRA, etc.
If you rent, the landlord’s name and address for the past two years.
Getting an affordable mortgage is easier than you think. At KFS Mortgage Company, our team is dedicated to providing information and guidance to help you feel confident in your decision.
Whether an explanation of what mortgage options meet your needs or a fast mortgage pre-approval, we’re here to help make your homebuying experience the best.
To get pre-approved today, apply online or contact us for a free consultation.