Getting pre-approved is essential to a successful real estate transaction. As a buyer, this is your oppotunity to establish a budget with your mortgage broker or lender and determine how much house you can afford.

Your broker will use details you provide about your credit, income, assets, and liabilities to find the best loan products for you. The whole process takes only a few minutes and is completely free.

While a pre-approval is non-binding on the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your qualifications.

These days most sellers will NOT accept an offer without a pre-approval letter, so if you are serious about buying, this is an essential first step.

We highly recommend that you give our friends over at DML Mortgage a call to get pre-qualified today!

What You Will Need

Expedite the pre-approval process by going to your mortgage broker or lender with all of the necessary documentation in hand. Most lenders will require the following:

  • Last two years' tax returns with W-2s and/or 1099s
  • All paystubs from the last 30 days
  • Last two months' bank/brokerage statements
  • A copy of your photo ID
  • Most recent mortgage statements (if applicable)
  • Estimate of monthly expenses
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