Profile picture for user9656529

My husband and I want to start the process of buying our first home. How do we get preapproved?

  • September 21 2012 - Acton
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (10)

If you are working with a Real Estate Consultant,  they most likely have a lender they can refer you to.. one that will work well with them in ensuring your transaction goes smoothly from beginning to end.  Once you are approved the fun part begins in picking out the perfect home!
  • November 04 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

You should meet with a Mortgage Loan Originator who will meet with you discuss your personal situation and find a solution that meets you and your husbands individual needs.
  • November 03 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for CallTheSisters
I'm in PA and I prefer to advise my buyers which lenders to interview.  Some lenders have limited products.  Some buyers need programs not offered by all lenders.

Sellers in my area will not accept an offer with financing supplied by an out of state or internet lender.

Find a good Buyers Agent and allow them to guide you through the process seamlessly.
  • September 23 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Hi - If you have a relationship with a bank, you can start there or you can contact a mortgage broker.  Either way, they will go through your financials and you will find out how much of a loan you are approved for.  

Good luck!
  • September 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Contact a license loan orginator. They will run your credit and advise you the amount you are pre-approval for based on your current income vs your debt. Some will do an estimated fee sheet which will give you a good idea how much you will need to bring to closing.
  • September 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

A bit of real estate advice:   In this market (more buyers than sellers), if you want to ensure your offer is the winning bid, take these steps:

Pre-qualified, Pre-approved or Full credit approval? Because sellers worry about deals falling through, don't waste time on pre-qualification.  Pre-approval based on your credit, income, and assets is better.  Full credit approval, which goes through the bank's underwriting process, is best.

Make a clean offer. Remember that "the best offer isn't always the one with the best price".  It's the one with the fewest hassles and outs for the buyer.  Make yours as straightforward as possible. If it's contingent on selling an existing home, for example, you're unlikely to win a bidding war. Set on a certain closing date? Consider whether it's worth blowing the deal. In this market, the answer is probably NOPE.


  • September 21 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Any bank or lender should be able to get you pre-approved. As real estate agents, we can refer you to a vendor (like a lender, inspector, etc.) only if we have an exclusive contract with you. So, until then... Google something like... Pre-approval Massachusetts and see where that gets you. :) 
  • September 21 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Right over the phone.  That's the good part.  Choose a lender that a realtor or friend recommends. Someone that was super professional, polite, and responsive.  No matter the size of your loan you should be treated like royalty.  


  • September 21 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Very easy process. There are a million lenders you can go to, both on-line and in-person. Even some real estate offices have loan officers that can walk you through the process. I always tell my clients that I would like them to have a pre-approval letter before we start shopping. That way, if we see something we like, we can put a bid in immediately!
  • September 21 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for shapiroamg
you contact a mortgage person (like someone I know) and get a preapproved. that person when contacted will gather the neccesary information that is used to figure out what you may qualify for. Name/Address/Social/DOB, employment information including income, and assets (both used for down payment and reverves). Credit is pulled. everything is reviewed and you are considered pre-approved and can start shopping around.
  • September 21 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.