Getting pre-approved through a mortgage lender is an essential first step in the home buying process. Having a pre-approval letter will let sellers know that you are a serious buyer and can aid significantly in your favor if you are in a situation where you are competing with another buyer on a home. Getting pre-approved will also give you the best information about the price point for your budget.
The process of getting pre-approved is a very easy and painless process, however it is usually the most anxiety provoking portion of the home-buying process. To take the anxiety out of this portion of the home buying process, below is a list of what your lender will require from you to get you a pre-approval letter.