Why Should You Get Pre‑Qualified for a Mortgage?

What is a Mortgage Pre‑Qualification?

Pre‑qualifying usually means going through an early screening to see if you meet a lender’s basic requirements for a loan or credit card. It involves a soft credit check that won’t affect your credit score and gives you a rough idea of how much you might be eligible to borrow. No documents are required at this step.
 
Getting pre‑qualification for a mortgage is one of the smartest first steps when you’re thinking about buying a home. Here’s why:

5 Reasons to Pre-Qualify for a Mortgage

1. Know Your Budget

Pre‑qualification tells you exactly how much you can borrow, so you’re shopping for homes in the right price range. It helps avoid falling in love with something you can’t afford. Check our calculator to find out what works best for you:

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2. Strengthen Your Offer

Sellers are more likely to take your offer seriously if you’re pre‑qualified. It shows you’re financially ready and reduces the risk of the deal falling through.

3. Save Time

We don’t review your documents during in pre-qualification, but we can if you voluntarily submit them to us. With your financial documents already reviewed, the loan process can move faster once your offer is accepted. That’s a big advantage in a competitive market.

4. Spot Credit or Income Issues Early

Pre‑qualification can uncover issues with your credit, debt-to-income ratio, or documentation before you’re under pressure. You’ll have time to fix problems if needed.

5. Lock in a Rate (Sometimes)

Depending on the lender, you might be able to lock in an interest rate when you’re pre‑qualified – useful if rates are rising.

If you’re serious about buying, getting pre‑qualified is a smart move that makes the rest of the process smoother and less stressful.

Ready to Get Pre‑Qualified?

Get ahead of the game today!

Apply Now

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Membership required. Federally insured by NCUA. All loans subject to credit approval. Corporate NMLS #442733. Information subject to change without notice. This is not an offer for extension of credit or a commitment to lend.