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Pre-Approval

Before starting your home search, let KFS Mortgage Company help you get pre-approved for a mortgage. You’ll be ready to make an offer confidently and quickly when you find your dream home!

Identify Your Purchase Power


A mortgage pre-approval is an essential step in the home buying process. A pre-approval will help you determine how much you can afford. It will also provide you with the information you need to choose a mortgage option that is best for you. Our fast, FREE pre-approval program gives you an advantage when shopping for a home. You’ll feel secure making an offer on a home with a pre-approval certificate in your hand!

Read on for an explanation of the pre-approval process and how we can help you find the perfect home.

What is Pre-Approval, and Why Does it Matter?


A pre-approval means you have been approved by a lender for a specific loan program and amount. Being pre-approved provides you with several advantages.

Knowledge: You will know exactly how much purchasing power you have so you can focus your home search.

Confidence: You’ll know both you and your co-borrower have qualifying credit so that you won’t be surprised by unknown credit issues. Sellers will have more confidence in your offer, too.

Readiness: When you find the perfect house, you can make an offer without delay, which gives you an edge in today’s tight housing market.

Negotiating Power: When comparing offers, a seller may favor offers from buyers with a pre-approval certificate, which gives your offer more clout.

Speed to Closing: In many cases, you can get to closing faster because you have already provided a lot of the documentation needed for loan approval. The faster you close, the quicker you can move into your new home!

Generally, being pre-approved is different than being pre-qualified. For a pre-qualification, you tell a lender about your income, assets, and debts, but they do not verify the information and typically don’t check your credit report. A pre-qualification will tell you what you will probably qualify for if all the information you provided is accurate and your credit is good.


The Pre-Approval Process


The preapproval process involves a thorough review of your home buying goals and your finances to determine a home price range and mortgage loan options. We’ll review your credit score , debt-to-income (DTI) ratio , income and employment history, down payment options and other factors.

We’ll review your home financing options, including programs for first-time home buyers. And we’ll answer all your questions along the way. We’ll help you figure out your financial strategy, mortgage amount, and purchase price. Once you’re pre-approved, we’ll give you a pre-approval letter to use in your home buying negotiations. Then, you can focus on shopping for your home and be ready to make an offer when you find your dream home.

Pre-approvals are subject to your continued good credit and are usually valid for 120 days.

Reasons to Get Pre-Approved by KFS Mortgage


You can count on our pre-approvals because we use the same criteria to evaluate and issue pre-approvals that we use to make loan approval decisions, unlike other lenders whose “pre-qualifications” can lead to unpleasant surprises when you apply for a loan later.

Before you make an offer on your dream home, we will make sure both you and your co-borrower have qualifying credit so that you won’t be surprised by unknown credit issues and lose out on the home of your dreams.

We’ll answer your questions, go over your loan program options and provide a pre-approval certificate that you can take to your real estate agent and use in your home buying negotiations.

If you don’t currently qualify for a mortgage loan, we’ll take the time to learn about your homeownership goals and provide guidance and the specific action you can take to help you reach your goals.

Information Needed for Your Loan Pre-approval


Below is a general list of things you'll need for pre-approval.  You can also download our Pre-Approval Checklist for easy reference.

  • Employer(s) name, address, and phone number for the past two years
  • W-2s for the past two years
  • Pay stubs covering wages for the most recent 30-day period
  • If self-employed, personal and business tax returns (if applicable) for the most recent two years, signed and dated, with all schedules attached
  • Previous two statements for all deposit accounts—checking, savings, investment, IRA, etc.
  • If you currently rent, the landlord’s name and address for the past two years.
Getting an affordable mortgage is easier than you think. At KFS Mortgage Company, our team is dedicated to providing information and guidance to help you feel confident in your decision.

Whether an explanation of what mortgage options meet your needs or a fast mortgage pre-approval, we’re here to help make your home buying experience the best.