Pre-Qualification vs. Pre-Approval

Pre-Qualification:
-- doesn't require a credit check
-- carries no weight with buyers or lenders
-- based on buyer's word on his/her income and assets
-- gives you a fair idea of the price range of home you should be looking at

Pre-Approval:
-- is the next step after prequal
-- requires getting your credit checked.
-- involves us confirming and verifying information that is relevant to your obtaining the best possible loan program
-- allows you to choose which program best suits your needs

Once you're pre-approved, we help you strategize on how to structure your offer, with respect to seller-paid closing costs. You'll also receive a written pre-approval letter to attach to your offer.