Mortgage pre-qualification is an early step in the home buying process to show you're working with a lender and are ready to buy. Speak with a lender to get pre-qualified for a home loan in minutes.
Mortgage pre-qualification and pre-approval are optional first steps to acquire financing for a home but neither guarantees a loan approval.
Pre-qualified and pre-approved sound the same, but mean very different things for homebuyers—and carry very different weights with home sellers.
With a mortgage preapproval, a lender looks at your financial information and determines if you’re a good candidate for a mortgage loan. They’ll also evaluate how much money you can potentially borrow — an important detail to know as you start your home-buying journey. The preapproval process includes answering a few questions, submitting various financial documents, and, many times, agreeing to a credit check. You’ll want to ...
A mortgage pre-approval isn't the same as pre-qualification. Learn how to get pre-approved for a mortgage, including what information you’ll need to supply to a lender and what to do if your pre-ap...
If you’re serious about buying a home, you need to get pre-approved for a mortgage. Learn what is required so you can speed up the approval process.
Ready to get your mortgage? Learn the benefits of a mortgage pre-approval certificate and what information you need to provide.
FICO Score Range, 620-639, 640-659, 660-679 ; Interest Rate*, 8.254%, 7.708%, 7.278% ; $350,000 loan, $2,630, $2,497, $2,394 ; $250,000 loan, $1,879, $1,784, $1,710
Taking the first step toward buying your dream home? Learn what it means to get pre-approved vs. getting pre-qualified for a mortgage so you can determine the option that works best for you.
Mortgage pre-qualification and pre-approval sound alike, but for home buyers there's a big difference between the two. Which one is superior?