Shop with Confidence

Shop with Confidence

Financing pre-approval is an essential step that needs to be handled before buyers begin searching for a home. According to the latest National Association of Realtors® Confidence Index Survey, 88% of all buyers required financing to purchase their home last year. Starting your home search with a pre-approval has many benefits including confidence.


  • Knowing the amount you can borrow
    the mortgage amount you can afford decreases as interest rates rise
  • Looking at homes in the right price range
    price, size, amenities, location
  • Comparing and identifying the best loan programs
    rate, term, type, assistance
  • Uncover issues early that could affect the most favorable loan terms
    time to cure possible problems
  • Bargaining power to negotiate with the seller and potentially outbid competing buyers
    price, terms, & timing
  • Settlement can occur sooner after contact is accepted
    verifications have already been made

Items Needed for Pre-Approval

  • Photo ID
  • Two months current pay stubs
  • Last two years W2s
  • Complete copies of checking and savings statements for last three months
  • Copies of statements for IRAs, 401k, savings, CDs, money market funds, etc.
  • Employment history for last two years with addresses and contacts
  • Proof of commissioned or bonus income
  • Residency history for last two years with addresses and contacts
  • Assets for down payment, closing costs, and reserves; must provide paper trail
  • If self-employed, last two years tax returns, current profit and loss statement and balance sheet; copy of partnership/corporate tax returns for last two years if owning more than 25% of company
  • FHA requires driver’s license and social security card
  • VA requires original certificate of eligibility and DD214
  • Other things may be required such as previous bankruptcy, divorce decree

Contact us at (907) 789-5858 if you’d like a recommendation of a trusted mortgage professional.

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