Mortgage pre-approval

A strong pre-approval starts with verified information, not a quick calculator.

Pre-approval should provide a realistic view of financing based on documented income, assets, credit, debts, loan program, and purchase assumptions.

Income review

Qualifying income should be supported by the documentation required for the selected loan program.

Credit history, scores, monthly obligations, and recent activity can affect qualification.

Funds for down payment, closing costs, reserves, and other requirements may need to be documented.

Conventional, FHA, VA, USDA, jumbo, and other programs can produce different qualification results.

Property taxes, insurance, HOA, purchase price, and down payment affect the estimated approval.

Pre-approval is not a guarantee of final loan approval. Property and underwriting conditions still remain.