To set yourself up for a smooth and successful home purchase, getting pre-approved is perhaps the most productive first step you can take. It strengthens your buying credibility, informs your home search, and speeds up the closing process.

Why is it important to get pre-approved?

Pre-approval means a lender has looked at your financial background and determined how much home you can afford. Getting pre-approved can also save you valuable time by identifying how much you can afford, so you can target your home search to your price level.

What is pre-approval and why is it important?

Mortgage pre-approval is evidence that you're serious about buying. Having a pre-approval letter assures sellers that you are a qualified buyer for the home you're considering buying.