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Mortgage Loan Pre-Qualification

Pre-qualification for a mortgage is a great way to find out what price range of homes will fit your budget. If you expect to buy a home in the coming weeks, consider getting pre-qualified.

Pre-qualification is an actual written mortgage commitment prior to your finding a home. You’ll receive a formal letter that indicates you’ve been qualified up to a certain loan amount.

While we don't charge a processing fee for pre-qualifications, some companies might, so be sure to ask.

Benefits of pre-qualification

  • You know how much you’re qualified for. This will put your mind at ease and you’ll be able to act quickly to make an offer when you find the right home.
  • Your offer to buy can be taken more seriously. The seller knows that it's likely that a sale to you should not result in delays, which makes your offer more attractive.
  • Closing on your new home will likely be faster and easier. Since you will have already finished some of the application steps, your mortgage loan can be closed faster.

If we can help you with your pre-qualification, please contact Member Services at (804) 323-6800 or (800) 285-6609.