A Quick Look at the Pre-Qualification Process

When someone comes to our office to get pre-qualified for a home loan, we look at four main criteria: credit, income, assets, and debt ratio. These criteria are all factored into what you’ll be pre-qualified for, as well as what program will be best for you. After all, different loan programs have different criteria; some allow for lower credit scores down to 580, and some require higher credit scores up to 620 or higher. To learn more about the pre-qualification process, watch this short video.