Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (888) 259-2257
Apply Now

6% Complete

FREE Home Purchase Qualifier

Do you know how much home you can afford? Take the first step by getting pre-approved here for FREE!
Next

Get a Mortgage Pre-Approval

A mortgage pre-approval proves you’re a serious buyer. Get pre-approved for your mortgage before you start shopping for a home.

What is a mortgage Pre-Approval and why does it matter?

A mortgage pre-approval is a letter from a lender indicating how much of a loan you can qualify for, issued after the lender has evaluated your financial history — including pulling your credit report and score. With a pre-approval letter, you can find a home you can afford by shopping within your means — while showing you’re a serious buyer.

A mortgage pre-approval letter can put you head and shoulders above other buyers who may be interested in the same home as you. Getting pre-approved will help you find a mortgage lender who can work with you to find a home loan with an interest rate and other terms suited to your needs.

Learn more about getting pre-approved and why it’s important.

What is the difference between pre-qualification and pre-approval?

A pre-qualification is like an audition, while a pre-approval is a dress rehearsal for an actual loan application.

Without digging too deeply into your financial details, with a mortgage pre-qualification a lender can give you an estimate of how much mortgage you’ll likely qualify for and some preliminary loan terms. You estimate your credit score and provide a few details, including the purchase price of a home you would like to buy, your down payment, your monthly debts and how you would want to structure your loan (length, fixed- or adjustable-rate interest, and so on).

With a pre-approval, on the other hand, you complete a full application, the lender pulls your credit report and score and puts an offer in writing to give you a loan at a given interest rate.

Even with a mortgage pre-approval, your loan still has to go through underwriting — a final stage of due diligence before issuing the loan — after you have a home under contract.

   


Copyright © 2022 Fidelity Home Group supports Equal Housing Opportunity | All Right Reserved  | NMLS Identifier 1834853. Fidelity Home Group is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Fidelity Home Group is a Mortgage Corporation serving the state of Florida. Not intended for legal or financial advice, consult your own professionals if such advice is sought. This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties in the state of New York will be accepted through this site. Accessibility Statement  | Consent to Receive Electronic Loan Documents  |  Cookies Policy   |  Disclosures  | Email and Mobile PolicyFair Lending Policy  |  File a Complaint Mortgage Assumptions  |  NMLS Consumer Access  |  Privacy Policy  |  Terms of Use