Why get pre qualified?
Together we will figure out how much you qualify for and what works with your budget. A pre qualification letter is required for an offer, and it signals to the seller you can complete the purchase.
How long does pre qualification take?
Typically 1 to 3 days.
What is the minimum down payment required?
0%, 3%, 3.5%, or 5% of the purchase price for a primary residence purchase, depending on the loan product.
What documents are needed for pre qualification?
Paystubs, W2 statements, proof of funds, and potentially tax returns.
When is money due?
When you get under contract, you'll first pay an upfront deposit on the home, then pay for a home inspection and the mortgage application deposit. On the closing date you will pay any remaining down payment and applicable closing costs.
Looking for a calculator?
Download my app: mortgageapp.sunflowerbank.com/dr/c/18saa