What is pre-approval?

Before you start looking for your dream home, we suggest applying for a pre-approved mortgage. That way, you’ll have the confidence from knowing exactly what you can spend. You’ll also be protected against interest rate increases while you look, and who wouldn’t want that? A mortgage specialist  can answer your questions and help determine which financing terms and options are best for you.

Once you’ve been approved, and have found the home you want to purchase, these are some documents you’ll likely need include to finalize the approval.

  • A copy of the property’s real estate listing. (If the home is still to be built, the mortgage lender will need to see the architect’s or builder’s plans and details on lot size and location.)
  • A copy of the purchase offer, or the building contract if it’s been prepared.
  • Proof of employment, income, and the source of your pre-approved mortgage.


  • Pre-approval is a tentative approval

  • It is not a letter of commitment, or promise, to loan money

  • A good opporunity to meet a lender and plan for a purchase

  • Sets a purchase price ceiling and monthly payment