Gain the Buyer's Advantage with a Pre-Approval
Purchasing a home is a lot easier when you have gone through the pre-approval process with Security First Financial before you make an offer. We’re here to help you get started...
What are the upfront fees to get pre-approved for a mortgage?
No fees are collected during the pre-approval process.
Why should you get a pre-approved for a mortgage?
Recently, the housing market has become more competitive. A pre-approval allows a mortgage underwriter to take a thorough look at your finances and credit history — uncovering any potential issues well before you’re obligated by contract to purchase a home.
What advantages does a pre-approval give you?
Because a pre-approval requires an underwriter to review your credit history, income, assets and debt, you can obtain a clear estimate of how much you can spend on a new home. Understanding your budget will help you confidently negotiate with sellers. Plus, sellers will be more confident in you as a buyer. You’ll have an advantage over other buyers who haven’t been pre-approved.
Will my pre-approval expire?
If you don’t make an offer within 90 days of credit review, it will expire. If you need to renew your pre-approval, just contact us and we’ll help you.
What if I change my mind?
That’s perfectly fine. A pre-approval doesn’t mean you’re committed to getting a mortgage with us or anyone else. It simply helps you understand the home buying process and how much you can afford on a new purchase.
What documents do I need to get pre-approved for a mortgage?
You’ll need the same documents as you’d need to get a mortgage:
Pay stubs from the past 30 days
Last 2 years federal tax returns & W2’s
Credit report—We can provide this for you
Two months worth of bank statements of all account types