Once you have an idea of the type and size home you want and the area you’d like to look in, you need to be pre-approved by a lender.  By doing this before looking for a home, you’ll save yourself time, energy and frustration because pre-approval can:

1. Determine how much home you can afford
2. Shows what your total investment will be
3. Lets you know what your monthly payment will be
4. Identifies the loan programs you qualify for
5. Strengthens you offer

In order to be pre-approved, the lender will need to know the following:

1. Your employment history and income
2. Your monthly debts and obligations
3. The amount and source of cash available for a down payment and closing costs

Visit our Finance Center for a more detailed information.