Steps
to Get Pre-Approved
STEPS
to Get Pre-Approved
At GoHomeFunding, we aim to simplify the mortgage pre-approval process to make your home buying journey seamless and stress-free. To get started, here’s a breakdown of the essential documents and information you’ll need:
Gather recent pay stubs or income statements from the past few months, showing your regular salary or wages. If you are self-employed, provide your tax returns and profit/loss statements to demonstrate your income stability.
Ensure you have documentation of your assets, such as bank statements, investment accounts, and any other financial holdings. These assets will be evaluated to assess your ability to handle down payments and closing costs.
Obtain a copy of your credit report and credit score. A strong credit history is crucial for a favorable mortgage pre-approval. Review your credit report for any errors and take steps to improve your score if necessary.
Have a valid government-issued identification document, such as a driver’s license or passport, readily available. This is necessary for verifying your identity during the pre-approval process.
Additional Information:
While the above documents form the core requirements, there may be additional information and documentation needed, depending on your specific financial situation. Be prepared to provide:
- Employment history and contact information of your employer.
Residence history, including past addresses, rental agreements, or mortgage statements. - Information about your outstanding debts, such as credit card balances, student loans, and other loans.
- Any other relevant financial records, such as alimony or child support agreements.
Why Get Pre-Approved?
Getting pre-approved for a mortgage is a crucial step in the home buying process. It provides you with a clear understanding of your budget, allowing you to shop for homes within your price range confidently. Moreover, a pre-approval letter strengthens your position as a serious buyer in the eyes of sellers, making your offers more competitive.
Let's Begin the Pre-Approval Process
At GoHomeFunding, our experienced mortgage advisors are ready to guide you through the pre-approval process and help you secure the financing you need for your dream home. Reach out to us today to start the pre-approval process and take the first step towards homeownership.
