Florida Mortgage Pre-Approval
Start your Florida home search off right with a guaranteed Florida mortgage pre-approval. A mortgage pre-approval helps you make competitive offers, act quickly, and, most importantly, tackle the home shopping experience with confidence. So, if you’re ready to start looking for a beachside condo in Sarasota, a home on a palm tree-lined street in Orlando, or a second-home getaway in Naples, a mortgage pre-approval is your first step.
Obtaining a pre-approval is a simple process. You will need to provide the following:
- Last two years W2s
- Consecutive paystubs for a 30-day period
- Two consecutive bank statements to show sufficient funds for closing
- Authorization to run your credit
Once these items are received, your lender will review everything to ensure we can issue your pre-approval based on Fannie Mae, Freddie Mac, FHA, VA, or Jumbo guidelines. You will need to meet the requirements of the lender as well, such as…
- A credit score of 620 or above
- Request for a loan amount above $60,000
- Either have or will be gifted a 3-5% down payment
A mortgage pre-approval provides confidence to both you and sellers, who will look more favorably upon buyers who are pre-approved. This puts you in a more advantageous position, especially when the market is competitive. The way to start on the path to finding the home of your dreams is to be confident in what you can afford and have a competitive edge. If you are looking for a home in Florida, fill out the form below to get started on your pre-approval or call us at 708-531-8388.