The Importance of Getting Pre Approved

Before you begin the exciting process of looking for a home, you need to connect with a local mortgage lender. A trusted mortgage lender can then begin the process of getting you pre approved.


Why should I get pre approved first?

There are several reasons it’s critical to be pre approved before looking for a home.

First, most realtors won’t show you houses until you have an approval letter from a bank. Second, a mortgage lender will be able to discuss with you how much home your family can afford. Even if there are issues with your credit, a local lender will be able to sit down with you and formulate a strategy to help you become mortgage ready.


What does getting pre approved mean?

Getting pre approved by a mortgage banker ensures you that you can afford the home you choose.

Whether you’re in need of an FHA, VA, USDA or conventional loan, they all work the same in Kansas and Missouri and you’ll need to be pre approved.

The process of getting pre approved only takes a few minutes. Your mortgage banker will run your credit and determine your debt to income ratios. This ratio is based off of how much income is coming in vs. how much is going out for bills each month.


In order for us to complete this process, we ask that you bring the following along:

-Last year’s tax return

-Recent bank statement(s)

-Recent pay stub(s)


Once a pre approval letter has been issued, we look forward to building a relationship with you and staying in touch during your house hunt.


For any questions or for more information about getting pre approved, contact Darren Copeland at Midwest VA Loans today!

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