March 14, 2023

Minnesota Mortgage Pre-Approval

Minnesota Mortgage Pre-Approval - United Home Loans

Mortgage pre-approvals ensure that you can both shop smart and move quickly during the homebuying process. So, before you buy in Minnesota, get a Minnesota mortgage pre-approval! Start looking for a getaway home in Lake Minnetonka, a condo in downtown Minneapolis, or a home on a tree-lined street in Rochester with confidence by making a pre-approval your first step.

Your assets, income and credit are the three main things a lender will look at when issuing a pre-approval. These items will determine how much you can afford and the loan programs for which you qualify. You will need to provide:

  • 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 documents have been reviewed and a credit check has been done, it’s onto shopping for a home! Just as confident as you are with a pre-approval in hand, sellers will be confident in your offer too. A pre-approval signals to a seller that the process from offer accepted to closing will go more smoothly because a lender has already determined that you can afford the home, securing you a better chance of landing the home of your dreams.

A mortgage pre-approval is your first step on the path to smart homeownership. If you are looking for a home in Minnesota, fill out the form below to get started on your pre-approval or call us at 708-531-8388.

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