Please Select a Prospect Mortgage Loan Officer:
 
 
 
 
  Please Select a Prospect Mortgage Loan Officer:
 
 
 
 
  Please Select a Prospect Mortgage Loan Officer:
 
 
 
 
  Please Select a Prospect Mortgage Loan Officer:
 
 
- your home loan expert

Whether you are buying your first home, refinancing an existing loan, or investing in real estate, we can help you find the right loan to meet your needs.

 

Contact us - our Loan Officers will be happy to assist you.

Learning Center

Pre-Qual vs. Pre-Approval

"How do I know what price range to look in," and "how do I make sure my offer is accepted?"

 

These are two of the most commonly asked questions from first-time and experienced homebuyers alike. One of the best places to start is by getting home loan pre-approval by a lender upfront in the process. Not only does home loan pre-approval give you peace of mind knowing your price range is already pre-approved by the lender, but home loan pre-approval strengthens your position at the negotiating table, especially in a multiple offer situation.

 

Some lenders offer both home loan pre-qualifications and home loan pre-approvals. Here’s the difference:

 

Home Loan Pre-Qualification

  • Provides a "ballpark" estimate of your buying power
  • Is based on summary information you provide on your income and assets
  • Requires satisfactory review of property, financial documents and program requirements to issue final approval
  • Is offered by most lenders

Home Loan Pre-Approval

  • Provides proof to real estate agents and sellers that you're pre-approved for a specific loan amount
  • Is based on verification of your income, credit and assets (in some cases, verification may not even be necessary)
  • Requires a satisfactory appraisal and title review and no change in financial condition for final approval
  • Is offered by us at no cost as a service to you before you find a home