This page on different pre-qualification types is still being built, and information may be incorrect at this time. Please check back in a few days for the completed page.

We want to support our clients by getting them into their dream house and be able to compete in this market! Our team offers a variety of different prequalification types that no one else in the mortgage industry is doing at this time. Check out the three different levels of pre-qualification we offer.

For more information on what documents you need for a TBD pre-approval, check out our documents needed based on employment type.

Definitions

Address-specific pre-approval will include the address that you want to make an offer on. We can do this specifically for you on Friday if you know what houses you are going to tour or over the weekend.

Guaranteed Close Prequalification – This level of approval shows that Christina has reviewed and approved all of your documents and will put her own money behind your closing.  If you close late or the loan is not approved, Christina will pay the seller for every day the closing is late.  This lets sellers know that their closing date will not shift unexpectedly due to lender delays.

Pre-approval is a pre-qualification for a loan/mortgage for a certain value range they can afford. A pre-approval letter is strongly recommended to have when making an offer on a house, so the sellers know you can afford the house.

Pre-qualification is the most basic level of approval. Getting pre-qualification means we are taking you by your word but have not verified your required documents with an underwriter at this point.

TBD pre-approval is one step above a pre-approval. For a TBD pre-approval, we will verify what you have said with the documents you have provided us.

FirstLevel-Preapproval

First level: General Pre-qualification

  • Very common in the market right now and not very competitive.
  • You can start this process, by filling out an online application HERE.
  • Next, we will set up a strategy call with you and Christina.
  • We will pull your credit with your permission.
  • To learn more about the difference between pre-approval and pre-qualified, click here to watch a video.

Second Level: Guaranteed Close Pre-qualification

  • This will strengthen your offer over a general pre-qualification.
  • You will go through the TBD pre-approval process.
  • To start this process, all you need to do is fill out an online application HERE. Then send us documentation based on your type of employment.
  • Next, we will set up a call with you and Christina to go over your individual financial picture.
  • We will pull your credit with your permission.
  • This level is better than a general pre-qualification because Christina will pay the seller every day the closing is late.  This lets sellers know that their closing date will not shift unexpectedly due to lender delays.
  • You must sign an agreement that you are done shopping different lenders and will use us for your mortgage. You will not be able to use another lender after the offer is accepted due to other lenders not carrying the same guarantee.
SecondLevel-Preapproval
ThirdLevel-Preapproval

Third Level: Guaranteed Close Through Underwriting Pre-approval

  • You will go through the TBD pre-approval process.
  • To start this process, all you need to do is fill out an online application HERE. Then send us documentation based on your type of employment.
  • Next, we will set up a call with you and Christina to go over your individual financial picture.
  • We will have two different documents asked during this process for clarification on the documents you submitted.
  • Once we have all of the documents based on your income type, this process only takes 48 hours.
  • Our team will get you fully through underwriting before you make an offer on a house.
  • This pre-approval makes you the same as a cash buyer!
  • We can close in as fast as 10 days with a pre-approval through underwriting.
  • Christina will video call your listing agent when you make an offer on a house to tell them how amazing and qualified you are.

 

Documents you need for a TBD pre-approval based on employment type.

W-2 Employees

  • Pay stubs: last 30 days
  • W-2s: last two years
  • Copies of government-issued IDs
  • Bank statements: last two months

Retired

  • Federal tax returns: last two years
  • Investment/retirement statement
  • Social security award letter
  • W-2s, 1099, K1: last two years
  • Copies of government-issued IDs
  • Bank statements: last two months

Self-Employed

  • Business bank statements: last 3 months
  • Business tax returns: last two years
  • Federal tax returns: last two years
  • P&L Statement
  • W-2s, 1099, K1: last two years
  • Copies of government-issued IDs
  • Bank statements: last two months

If you are selling a home, receiving a gift, liquidating stocks, transferring money between accounts, receiving rental income, etc. we may need additional documents.

Pre-approval Videos

Do you want to learn how to make your offer on the house you want stronger? Watch this video NOW to learn about the different levels of preapprovals!

Why is an address-specific preapproval letter stronger than a normal preapproval letter? Watch this video NOW to find out!

Want to talk more about the different options?

Call us today at 984-999-7799 or start filling out an application, and we will reach out to you.