Introduction to the Mortgage Pre-Approval

Starting the journey to buy a home can feel overwhelming—but getting a mortgage pre-approval from Advantage Lending makes the process easier and more secure. As a locally owned and operated mortgage company, we specialize in guiding homebuyers through every step, beginning with this essential first step.

Start Your Pre-Approval Process Today!

Find Your Loan Officer

Apply Without Loan Officer

A mortgage pre-approval not only strengthens your offer in a competitive market, but is often required by real estate agents before showing homes. It also helps clarify your home loan options, budget, and mortgage rates early on. At Advantage Lending, we walk you through credit score requirements, loan terms, and more—ensuring you’re fully prepared and confident on the path to homeownership.

The Importance of a Pre-Approval

What is Pre-Approval?

The pre-approval process at Advantage Lending involves a thorough review of your financial situation. Our experts assess your credit score, income, debts, and assets to determine your home loan eligibility. Unlike pre-qualification, pre-approval provides a conditional commitment, giving you a clear budget and showing sellers you’re serious. This process requires documentation like pay stubs, tax returns, and bank statements, and our locally owned team ensures personalized support every step of the way.

Benefits of Getting Pre-Approved

• Stronger Negotiating Power: Sellers trust buyers pre-approved by Advantage Lending, signaling you’re ready to close.
• Clear Budget: Know your loan amount to focus on homes within your price range, saving time.
• Faster Closing: Pre-approval accelerates final mortgage approval with our efficient process.
• Better Rate Planning: Lock in competitive mortgage rates with Advantage Lending to protect against rate changes.

Pre-Qualification: What you Need to Know

The pre-qualification process is a quick, informal step offered by Advantage Lending. It involves a basic review of your income, debts, and credit score—often through a short conversation or online form. Our team provides an estimate of how much you might borrow for a home loan. While pre-qualification is a great starting point for those early in the home buying process, it’s less formal than pre-approval and carries less weight with sellers. Let Advantage Lending help you decide which step is right for you.

Ready for Your Pre-Approval?

Ready to start the home search? Partner with Advantage Lending, your locally owned and operated mortgage company, to get pre-approved and gain a competitive edge. Our experts will guide you through the mortgage application process, securing the best mortgage rates and tailoring your home loan to your financial goals. Apply now and trust Advantage Lending to make your homeownership dreams a reality!