Conventional Loans

Pre-Qualifying

Let Crawford Investment put the power of buying a home in your hands. Even if you haven’t so much as picked out houses to visit yet, it’s important to speak with a mortgage professional first.

When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and how much we can loan you. We do this by considering your income and debts, your employment and residence situations, your available funds for down payment and required reserves, among other things. It’s a short interview, to the point, and we keep the paperwork to a minimum.

Once you qualify, we give you what’s called a pre-qualification letter (your real estate agent might call it a “pre-qual”), which says that a Crawford Investment mortgage specialist is working with you to find the best loan to meet your needs. When we issue a “pre-qual”, it says that we have credit and income approved you to a certain loan amount.

When you find a house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things. First, it lets you know how much you can offer. Your real estate agent will help you decide on an appropriate offer, but being pre-qualified gives you the confidence to know you can follow through.

More importantly, to a home seller, you being pre-qualified is like you walked into their house with a suitcase full of cash to make the deal. They won’t have to wonder if they’re wasting their time because you have already been qualified for the loan you need to buy their home. You will have the clout of a buyer ready to make the deal right now.

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