Before you start shopping — get pre-approved. Doing that will make the entire process less stressful. You’ll be glad to know that we’re here to help you every step of the way via email, phone, or text. And that includes nights and weekends.
Mortgage Pre-Approval Process
The process is straightforward.
First, we’ll have you send in this basic documentation for all borrowers.
- 30 days’ pay stubs
- 2 years W2s or 1099s
- 2 years of federal tax returns
- 2 months bank statements
- Driver’s license
Next, you’ll fill out an application. We can also help you complete the application by using the information and documents you’ve already provided.
Then we’ll pull all borrowers’ credit.
Once that’s complete, we’ll be able to give you a pre-approval letter. If we’re not able to pre-approve you at that point, we’ll tell you what you need to do next so that you can get pre-approved.
Mortgage Pre-Approval Letter
You’ll receive a pre-approval letter that you can share with your realtor. Having this in hand lets them know that you are a qualified buyer. Plus, when you make an offer, the sellers will want to know you’re qualified too.
Your letter will include the maximum approved amount. But, if you find a home with a lower sales price than what you’re approved for, we can give you a new letter for your specific offer amount.
Preparation is Key
Buying a home is a big step, whether it’s your first or fifth. By coming to Homestead before you start shopping, you’ll be in a much better position when you find a property you’d like to put an offer in on.
Once you’re pre-approved and start shopping, you will most likely have lots of questions — that’s normal, and we’re available when you need us.
Homestead is a top lender of mortgage loans. Your loan advisor can walk you through every step of the way to qualifying for a mortgage. Our rates are some of the lowest in the states we serve. Our loan advisors provide excellent service, as you can tell from our reviews. Plus, we close fast!