Why Get Pre-Approved?
Before you even start looking for a home, it is always a good idea to get pre-approved. Some real estate agents may even require a pre-approval letter prior to showing you homes to ensure that you are a qualified buyer.
The pre-approval process consists of filling out an online application and submitting income and asset documents (i.e. paystubs, W2s, bank statements, etc.) to us for review. Solcosta Home Loans can help you get pre-approved and on your way to home ownership! Simply fill out our pre-approval application on our secure website to get the process started. After you fill out the application, we will be in touch shortly to let you know exactly which documents you will need to provide us. Getting pre-approved is free, quick, and easy!
What is the difference between a pre-approval and a pre-qualification?
A pre-approval is a full review of your loan application, credit report, and income and asset documentation. A pre-qualification is a less detailed review that typically consists of filling out an application, but you provide little or no documentation to the loan officer. In other words, a pre-approval will let you know exactly how much of a home loan you qualify for whereas a pre-qualification is more of an estimated guess. If a loan officer has not reviewed all of your income and asset documentation, you are not officially pre-approved. As you can see, a pre-approval letter is much more accurate and definitive than a pre-qualification letter!
Why should you get pre-approved with Solcosta Home Loans?
- Since we are a mortgage broker and not a bank, we have the ability to shop multiple lenders to get you the best deal possible.
- We offer a wide variety of loan products, and we can help you find the loan that is right for you!
- We are fast and efficient and have the ability to close most of our loans in 18 days or less.
- We are locally owned and operated in Northern California. That means when you call or email us, you will be speaking with us directly.