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Mortgage Pre-Approval Letter

A Pre-Approved mortgage is proof that a buyer has the ability to secure a mortgage and bid on a property.


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How To Get Pre-Approval Letter?

A lender qualifies the buyer’s credit reporand credit scores, their employment history with income and determines which loan programs and the maximum amount that they can borrow. 

What documentation is needed?

Buyers must supply their mortgage officer with sources of income; most recent pay stubs, W-2 forms, tax returns from the previous 2 years, and their last 2 months of complete bank account statements and other asset documentation if required.  

Why Be Pre-Approved?loan app & keys

All real estate agents and sellers will want to see a Pre-Approval letter before they will be willing to let a buyer write an offer on a home. Today’s mortgage lending standards have tightened since the housing crisis, getting Pre-Approved is the crucial first step before shopping for a home and has become essential to the home buying process.

Home buyers will have the opportunity to find any problems or errors on their credit report having time to address and fix them before making an offer. Equally important buyer’s want to feel comfortable knowing what their potential buying power is, their monthly mortgage payment and their total closing costs. 



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