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Get a Mortgage Pre-Approval in Georgia
It is very important that you get pre-approved for a mortgage in Georgia even before you start house-hunting. A pre-approval is a type of statement from the lender showing that they have verified your documents, income, credit score and other factors and can confirm that you are eligible to get a certain amount of money as financing for the home you want to buy. We have helped thousands of Georgians over the years get pre-approved and eventually get them into a new home. Over the years we have developed a pre-approval process that is streamlined, fast and accurate.
A quick note, do not confuse pre-approval with a pre-qualification. The latter is a less weighty indication of how much you can afford and only considers self-reported factors. But a pre-approval shows that the lender is, in fact, willing to give you the money. And this is based on a formal process that takes all your financials into account.
A Georgia mortgage pre-approval will show that you can get the money required to buy the home once you agree on the price with the seller. That usually makes seller comfortable to negotiate with you. In fact, if you make an offer using a pre-approval letter you just might convince the seller to take the property off the market and reserve it for you. So, before you approach a real estate agent and start house hunting, get pre-approved first. Moreira Team can help you with that. We have a simple online application system that you can use to get pre-approved for your Georgia mortgage loan.
What Documents are Needed to Get a Mortgage pre-approval in Georgia?
- Your two most recent pay stubs as proof of income received from your employment.
- Your two most recent W-2s to show your wage, salary and tax information.
- Two most recent bank statements to show that you have the stated down payment.
If you have these documents ready, you can go ahead and apply for a pre-approval. Or just give us a quick call and a licensed mortgage advisor will go through your exact scenario and help you on your way to a pre-approval.
How Long Does it Take to Get Pre-approved for a Mortgage in Georgia?
In most cases the pre-approval process can be done in less than a day, and if everything goes smoothly you can even be issued a pre-approval letter the same day! Just remember to have all your documents ready and to complete the online application in full. We are always around to help you go through the application as well.
How Long is the Pre-Approval Letter Typically Good For?
It’s pretty common for most pre-approval letters to be good for anywhere between 30 to 90 days. If you are pre-approved through Moreira Team, our pre-approval letters are good for 120 days.