Ready to start house hunting?

by Dorothy Cushshon

🏡 Why Getting Pre-Approved Is the First Step to Homeownership Success?

If you’re thinking about buying a home, you’ve probably heard the term pre-approval more than once. But what does it really mean, and why is it so important?

Let’s break down how to get approved—and why skipping this step can cost you time, money, and even your dream home.

✅ What Exactly Is a Pre-Approval (new buyer thoughts)?
A mortgage pre-approval is a letter from a lender stating how much they’re willing to loan you based on your financial information. (Don’t freak out!)

Think of it as a green light that tells sellers and me as your agent that you’re serious—and financially ready—to buy.

🛠 How to Get Pre-Approved for a Home

(First!) Check Your Credit Score
Before applying, review your credit report. Most lenders require a minimum score in the mid-600s, but better rates are available if you’re in the 700+ range.

Gather Financial Documents

Be ready to provide:

Recent pay stubs

W-2s or 1099s

Bank statements

Tax returns (typically 2 years)

Proof of assets (savings, investments)

Contact a Lender
Work with a trusted mortgage lender or broker. If you’re unsure where to start, I can connect you with reputable professionals in our area. If you have a relationship with a bank, you can also start there.

Complete the Loan Application (It’s not as bad as it sounds!)
This includes a credit check and a review of your debt-to-income ratio (what’s coming in vs what’s going out).

Receive Your Pre-Approval Letter (Yay, You’re Ready to Home/Property Shop!!)
Once approved, you’ll receive a letter stating the amount you’re qualified to borrow, usually valid for 60–90 days.

💡 Why You Need a Pre-Approval (I’m Sure I’ll Get Approved ….)
Shows You’re Serious: In competitive markets, sellers won’t even consider offers from buyers who aren’t pre-approved.

Sets a Clear Budget: You’ll shop within your means, which prevents falling in love with homes outside your price range.

Saves Time: With financing in place, your offer will move much more quickly through the closing process.

Strengthens Your Offer: When sellers see you’re financially vetted, your offer stands out against those who aren’t.

🎯 My Pro Tip as Your Realtor
Getting pre-approved before house hunting puts you in control. You’ll be more confident making offers, and we can move quickly when when the right home hits the market.

If you’re ready to take the first step, I’m happy to walk you through the process and introduce you to local lenders who can help as well.

We’ll be shopping soon!