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Securing a Pre-Approval to Buy a Home

Applying for a home loan is a wise decision. Since most buyers will not make an all-cash offer to purchase a home, it makes sense to obtain an affordable mortgage loan. Securing a pre-approval to buy a home is recommended before contacting a local real estate agent.

Why Should You Get Pre-Approved to Buy a Home?

While some home buyers might have encountered a myriad of challenges during a recent home search, you may be able to enjoy a better experience. Securing a mortgage pre-approval prior to looking for the ideal home to buy could increase your chances of obtaining the funds that you will need.

Professional real estate agents prefer to work with prospective home buyers who are pre-approved for financing. Why? Buyers who have met the initial requirements for a mortgage loan will know how much money a lender is able to provide toward the purchase of a home. Knowing how much you can afford to borrow can save you and your real estate agent a lot of time.

What is Needed to Get Pre-Approved to Buy a Home?

Initially, you will need to provide some basic details about your current financial picture. Information may be submitted online via a secured mortgage application or you may speak with a licensed loan originator at Perennial Funding to complete an application by phone.

You will need to list your address and earnings history for the past two years. If you were a student during the past two years, a portion of your training may be considered toward the experience requirement.

Generally, your loan officer may request your last two pay stubs, recent W-2 forms, tax returns, retirement statements and information about your savings or other investments. Certain items that appear on your credit report might require a written explanation.

How to Start the Pre-Approval Process for Buying a Home?

If you are ready to begin the pre-approval process to purchase a home, you are encouraged to speak with a mortgage professional. Make a list of any questions or concerns that you might have about the funding procedures for a home loan.

Contact us to speak with one of our licensed mortgage professionals. With your authorization, we can review your credit history, your earnings history and other items to determine if you meet the requirements for a mortgage pre-approval to buy a home.

Call Perennial Funding today at (888) 826-4856 to inquire about affordable home loans.

Get Your Pre-Approval Today!

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Perennial Funding LLC, 161 Washington St. Suite 950, Conshohocken, PA 19428

Loan programs are subject to credit approval. Other terms, conditions, restrictions and fees may apply. All of the information on this website is published in good faith and for general information purposes only. Perennial Funding does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk and we will not be liable for any losses and damages in connection with the use of our website. The content in this website should not be construed as a mortgage loan commitment. From our website, you can visit other websites by following hyperlinks to these sites. While we strive to provide only links to useful and ethical websites, we have no control over the content and nature of these sites and the links to other websites do not imply a recommendation for all of the content found on these sites. Please be aware that when you leave our website, other sites may have different privacy policies and terms, which are beyond our control. Thank you for visiting Perennial Funding's website.
*By refinancing your existing mortgage your total finance charges may be higher over the life of the loan.

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