What’s a Pre-Approval?
Mortgage pre-approval involves you providing detailed information about your income and assets that will be reviewed by the lender’s underwriters. If approved, you’ll get a commitment by the lender for a specific loan amount.
Pre-approval shows a Seller you have the resources to make the purchase and it helps you to act quickly when you find the perfect home. From the sellers’ point of view, a pre-approved buyer is more attractive and the pre-approval can be a deciding factor for sellers who receive multiple bids.
A pre-approval involves requesting a copy of your tri-merge credit report (FICO scores from all 3 credit bureaus) and an examination of your application information and the documents you provide. To get pre-approved, please follow the instructions at Watkins Homes Loans at the following link https://www.watkinshomeloans.com/pre-approval/.
You will be asked to do the following;
- Download, complete and return the “Borrower Pre-Approval Form”. Download form from https://www.watkinshomeloans.com/download/1482/.
- Submit the listed required financial documents.
- Sign and return the credit authorization form which allows Watkins Home Loans to order your credit report. Watkins Home Loans does not charge any fees for a loan pre-approval, but there is a small fee charged by the credit bureaus to order your tri-merge FICO credit report. You have the option to pay for this with check, cash, or through PayPal.
Have a question about the pre-approval process, we’re happy to help! Send your questions to firstname.lastname@example.org or complete the contact form at https://www.watkinshomeloans.com/contact/ and an experienced Home Loan Officer will contact you.