Why Pre-Qualification is Important

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It is helpful to visit with a mortgage professional first, even if you haven't settled on what type of home to look for. What for? It might be difficult to fathom the ways we can help even before you start to calculate your offer.


When we pre-qualify you, we help you determine the amount in monthly payments you can afford, and the loan amount you will qualify for. We do this by considering your income and debts, your work and residence situations, your available funds for a down payment, required reserves, and other considerations. We ask for a minimum amount of paperwork, with a quick process.

At the point you are considered eligible, we prove our confidence in your ability to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

After you find a house that is ideal for you, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things. First, it helps you know the amount that you are able to offer. Your pre-qualification also will make your offer more attractive to the seller, as if you were bringing them a suitcase full of cash! They will not need to be concerned they have been wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to be concerned about. You will have the sway of a buyer ready to make the deal right now!

We can help you pre-qualify

We will help determine how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through pre-qualifying. In the process, we explore your ability to borrow - looking at your job, available money for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

Face to Face

You can always use the mortgage calculators here on this website to calculate the size mortgage you will be able to afford - but it's also important to meet with us. We can walk you through your pre-qualification letter. For another thing, we may locate a different mortgage program that better fits your needs. Contact us at (800) 974-0509 to get started.

Have questions about pre-qualifying? Call us at (800) 974-0509. Savers Home Loans answers pre-qualifying questions every day.