Getting 

Approved

Why is it important to be pre-approved?

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To be a serious buyer in today's market, most sellers will not accept an offer unless you have been pre-approved by a bank/lender. Obtaining pre-approval is determined by a number of factors. Banks/lenders will verify basic information such as FICO scores, work history, identification, assets, and income. Most sellers will want to see pre-approval documents prior to accepting an offer in order to minimize any potential risks during the escrow process. You can get pre-approval from either a bank or your preferred lender. 

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My opinion as your realtor: 

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Get pre-approved! Besides the aforementioned factors, as a realtor a pre-approval letter lets me know what your budget is to buy a home. 

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How to get pre-approved:

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You can get pre-approved from either your bank or your preferred lender, what ever you feel most comfortable with. 

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My preferred lender:

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Cole David

Stearns Lending, LLC

NMLS # 225466

Direct: 714. 721. 3168

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List of what you will need to get Pre-approved:

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Tax Returns- Prior 2 Years

ALL W2/1099- Prior 2 Years

Bank Statements: Prior 2 Months

Proof of monetary funds- Down Payment 

Pay Stubs- Prior 2 Months 

Social Security Card 

Birth Certificate 

State issued Identification 

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