Minnesota Mortgage Pre-Approval

Mortgage pre-approvals ensure that you can both shop smart and move quickly during the homebuying process. So, before you buy in Minnesota, get a Minnesota mortgage pre-approval! Start looking for a getaway home in Lake Minnetonka, a condo in downtown Minneapolis, or a home on a tree-lined street in Rochester with confidence by making a pre-approval your first step.

Your assets, income and credit are the three main things a lender will look at when issuing a pre-approval. These items will determine how much you can afford and the loan programs for which you qualify. After providing your lender with documents such as bank statements, pay stubs, tax returns and W2s, they will work closely with you to help you understand your future mortgage. Once these documents have been reviewed and a credit check has been done, it’s onto shopping for a home!

Just as confident as you are with a pre-approval in hand, sellers will be confident in your offer too. A pre-approval signals to a seller that the process from offer accepted to closing will go more smoothly because a lender has already determined that you can afford the home and obtain financing. In a competitive market, a pre-approval makes your offer more attractive and secures you a better chance of landing the home of your dreams.

A mortgage pre-approval is your first step on the path to smart homeownership. If you are looking for a home in Minnesota, fill out the form below to get started on your pre-approval or call us at 708-531-8388.