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The Home Buying Process

Step 3 Of 6

Pre-Qualifed or Pre-Approved?

Pre-Qualified

Getting pre-qualified is like getting an estimate from a mortgage institution detailing how much of a loan you can likely afford. It serves more as a guide to you of what a lender might require rather than as any official approval by them.

Pre-Approved

Pre-approval means that you fill out a loan application and provide all your salary and credit information. The lender then checks your assets and pre-approves your capability to get a loan.


Getting Pre-Qualified

Pre-qualification is based on information you provide about your income, your assets, and your liabilities. Use this pre-qualification calculator to estimate how much you can afford and generate a pre-qualification letter.  To have the best results to guide your home search, enter your information as accurately as possible.

Estimate pre-qualification





Exclude any loans with less than 10 payments left


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** If you have a co-borrower who is not your spouse on your application and you are applying for a VA loan, the co-borrower must also be a veteran.


including you





Getting Pre-Approved

When you find your dream home, you can present the seller with your pre-approved loan document, showing them that not only are you serious about buying their house, but you've already been pre-approved for financing.

It could make the difference between getting the house you want or watching some other bidder step in with a pre-approved loan and snatch that house away. Pre-approval is good for 120 days and depends on the appropriateness of the property you want to purchase. Fees, like credit reports may apply.


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Mortgage Rates

The Loan Consultant feature determines the products and rates that match your needs.

Ready to Start?

To apply for your easy online loan, all you have to do is answer a few simple questions about yourself, your property and your income, debts and assets.

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