So, you are hoping to be pre-approved to purchase a home. Did you know that there are different types of pre-approvals?
Some lenders pre-qualify you based on information you tell them, some ask for a little bit of documentation and issue a pre-approval letter based on just looking at your income.
Our pre-approval process is slightly different than other financial institutions. We like to call ours a real pre-approval. It may seem like we are asking for an abundance of documentation but, in the end, you will be happy we do.
Imagine this: you find your dream home, put in a bid, your offer is accepted, you start shopping around for new furniture and imagining what colors you’re going to paint, and then you find out that you can’t get the loan. How devastating!
We make sure our members never have to go through this. We want our members to be confident in their pre-approval, so that once you find your dream house, your dreams can come true.
If you're ready to discuss a pre-approval or utilize the credit union's free benefit of one-on-one mortgage readiness classes, send me an email at firstname.lastname@example.org or reach me directly at 330-664-4708.
All loans are subject to credit approval.
Mortgage Loan Officer, Everyday Finance Contributor