Get a loan approval- The first step is to complete an application. There are two stages of approval in Texas.

Conditional qualification: if a borrower submits a loan application and allows the lender to pull credit, this would be considered a conditional qualification, or “pre-qualification”. Pre-qualification is based on stated income and assets and combined with an actual credit report.

Conditional approval: when a borrower submits supporting documentation and the file goes through a review by an actual underwriter and gets approved (subject to conditions and property-specific items).

We will be happy to write you a conditional qualification or conditional approval letter depending on your needs. Normally, we will provide a letter to use while you are shopping and then a letter specific to a property when you are ready to make an offer.

In a competitive market, borrowers who have provided supporting documentation to their application will have an advantage over buyers who have not.

If you don’t qualify now, DON’T WORRY! We will be happy to help formulate a plan tailor-made for you to help you achieve the ultimate goal of home ownership.