How do I get pre-approved for a mortgage?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Pre-approval starts with a short application plus your income, asset, and credit information. A licensed loan officer reviews it and issues your letter. It states the loan amount you qualify for. Sellers expect this letter with any offer.
Most of our Florida buyers get a same-day letter. You just submit pay stubs, W-2s, and bank statements. Unlike a quick pre-qualification, a real pre-approval is verified, so your offer carries more weight.
The pre-approval steps
Getting pre-approved is simple. You share your income, assets, and debts, and we pull your credit. We then confirm the loan amount and rate you qualify for and hand you a pre-approval letter.
The letter tells sellers you are a serious buyer with financing lined up. In Florida's fast market, an offer without one often gets passed over.
What to have ready
Gather recent pay stubs, two years of W-2s or tax returns, and your latest bank statements. Self-employed buyers add profit-and-loss statements. Having these ready turns pre-approval around in a day.
The whole process is free and puts no obligation on you. Apply now and we will tell you exactly what you can afford before you tour a single home.