Learn more about how mortgage prequalification vs. preapproval can help you understand the amount you might be able to borrow for a home.
Benefits of a mortgage prequalification · Mortgage prequalification is a simple process that uses your income, debt, and credit information to let you know how much you may be able to borrow. Getting prequalified before you shop for homes can help you: Focus your search. Establishing your price range up front means you can target the right homes within your budget. Move forward confidently. When it’s time to make an offer, you’ll have the confidence of knowing you can back it up. Know your...
Mortgage prequalification helps you better understand your home loan options. Learn how it's different from preapproval, how to get prequalified, and more.
Many banks will have a mortgage prequalification calculator or a list of requirements posted on their websites. Getting data from the official website is more accurate than using a third party mort...
Getting a mortgage prequalification can be a key advantage in buying a home. Here’s what prequalification involves and what you’ll need
If you’re just starting your new home search, mortgage prequalification can help you better understand available mortgage options and how much house you can afford. Receiving a lender’s prequalific...
Learn the difference between prequalification and preapproval and how both can speed up the mortgage process to help you secure your dream home with U.S. Bank
Learn about these three steps before buying a home: securing your financial health, applying for a mortgage loan, and searching for the right home.
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. If you're getting ready to start the homebuying process, one of the first steps you'll likely take will be to get preapproved for a mortgage. Getting a mortgage preapproval can help you understand how big of a loan you could qualify for and how much you could end up paying each month on your mo ...
Learn more about how mortgage prequalification vs. preapproval can help you understand the amount you might be able to borrow for a home.