When your home search gets serious, it is a good idea to meet with your mortgage lender to determine if a pre-qualification or a pre-approval would help you in your search.

Pre-Qualification

Getting pre-qualified is simple. You supply a Mortgage Loan Officer (MLO) with information about your overall financial picture (for example, income, debt, assets, credit history and funds available for down payment and closing. The MLO will give you a non-binding estimate of the amount and type of loan you may qualify for to best suite your situation.

Pre-Approval

Getting pre-approved requires a full loan application. If you qualify for pre-approval, the lender usually issues a conditional commitment to lend up to an exact amount, provided certain conditions are met once you find a home. Please note pre-qualification and pre-approval are not the final loan approval and commitment to lend.

Regions Mortgage is here to help you with your home financing needs.