Mortgage preapproval options
Finding a home price range and loan amount you're comfortable with is a good way to start shopping for a home with confidence. And with our free letter options, you can let sellers and real estate agents know you're a serious buyer.
We have 3 ways you can learn how much you may be able to borrow:
Prequalification
Preapproval
When you get preapproved for a home loan with a PriorityBuyer® preapproval, you'll get an estimate of a loan amount you may qualify for — and a home price range you may want to consider. We check your credit and conduct an initial automated credit review.
Preapprovals are subject to change or cancellation if your requested loan no longer meets applicable regulatory requirements and are not available on all loan products. Speak with your home mortgage consultant for details.
Credit approval
Keep in mind these are tools to help you while home shopping, not commitments to lend. You'll need to finalize your mortgage application, and we'll need to verify your information, review your financial documents, and verify the property meets requirements before we can make a final decision on your application.