Can I Be a Home Owner?

How much can I afford?
Payment calculator
Costs of owning a home
Find a homebuyer program
Getting pre-qualified for a loan

Finding a Home

Making an Offer on a Home

Applying for a Loan

Inspections

The closing process

Glossary

Getting pre-approved for a loan

The first step you may take is to get pre-approved for a mortgage loan. That means that your loan application has actually been processed by a lender, and a specific mortgage amount has been approved for you. Some buyers feel they have more negotiating power when they can provide this pre-approval proof to the seller. As with pre-qualification, lenders will use established guidelines to determine the size of your loan approval.