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  • Home Team Lending Pre-qualification Worksheet

Get Home Team Lending Pre-qualification Worksheet

Mortgage to fit your financial needs. The first step in purchasing a home is to get Pre-Qualified. Please complete this short form and fax it or drop it by our office. We'll get back with you and your Realtor as soon as possible. By completing this form, you authorize Home Team Lending to pull your credit report. Purchase Price: Your Realtor: Down Payment: Loan Officer: Tell us about you: Borrower #1: Name Address City/State/Zip SS# Date of Birth Home Phone Work Phone Email Address Tell us.

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The biggest difference between the two is that getting pre-qualified is typically a faster and less detailed process, while pre-approvals are more comprehensive and take longer. Getting a pre-qualification or pre-approval letter is generally not a guarantee that you will secure a loan from the lender.

Prequalification tends to refer to less rigorous assessments, while a preapproval can require you to share more personal and financial information with a creditor. As a result, an offer based on a prequalification may be less accurate or certain than an offer based on a preapproval.

A prequalification or preapproval letter is a document from a lender stating that the lender is tentatively willing to lend to you, up to a certain loan amount. This document is based on certain assumptions and it is not a guaranteed loan offer.

Preapprovals give you a leg up in a competitive real estate market. If you're ready to begin your home shopping journey, make sure you get a mortgage pre-approval first. A mortgage pre-approval letter is an essential step in the homebuying process. Without pre-approval, it might be difficult to determine your budget.

Both pre-qualified and pre-approved mean that a lender has reviewed your financial situation and determined that you meet at least some of their requirements to be approved for a loan. Getting a pre-qualification or pre-approval letter is generally not a guarantee that you will receive a loan from the lender.

And a mortgage prequalification is an excellent first step in that direction. It gives you a basic estimate of a loan amount a lender might extend you. It's not as concrete as a mortgage preapproval, but it can help give you a sense of what you'd qualify for.

Pre-approval requires proof of employment, assets, income tax returns, and a qualifying credit score. Mortgage pre-approval letters are typically valid for 60 to 90 days. Upon pre-approval, the lender will provide the maximum loan amount, which helps set a price range for the home shopper.

Before you begin the process, take a few moments to gather your pay stubs, earnings and leave statement (if you're military), profit and loss statement (if self-employed), debt information, asset information, and any other information that will help give your loan officer an overall picture of your financial situation.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232