A loan pre-approval is a letter stating the loan amount you can get approved for and includes relevant information such as the interest rate and loan term. Pre-approvals are an essential part of the homebuying process as they allow you to learn the maximum amount you can buy in a purchase. Not only that, in today's competitive market a pre-approval shows sellers that you are able to secure financing and are a serious buyer. Most sellers expect buyers to have one, in some cases it is even required!
We pride ourselves on our ability to understand your overall financial situation, we'll work with you to quickly get a loan pre-approval that matches your budget. Time moves fast during the purchase process, so we offer 1 day pre-approvals to make the process as quick as possible.
Pre-qualification is a quick process that involves giving us your overall financial picture, including your income, debt, and assets. We then give you an idea of the mortgage amount you qualify for.
Pre-approvals are different in that they requires verification and thus needs bank statements, tax returns, and pay stubs in addition to a pulled credit report. This makes a pre-approval more accurate.
We generally recommend getting a pre-approval as sellers find these more credible as the information has been verified.
Located in South San Francisco, we've been serving California homeowners since 1998 and have thousands of satisfied clients. We combine the best of online mortgages with the local expertise and reliability you deserve. We strive to find the perfect loan scenario for you and make the process as efficient as possible. Check out our testimonials to see what our clients have said about our service!