- home
Become more attractive to sellers as a pre-qualified buyer.
Some realtors require buyers to get pre-qualified before even starting to house hunt.
Before you start looking for your first home, we can help you with a mortgage prequalification.
First Rate Financial can help you get pre-qualified and on your way to home ownership! Simply fill out our mortgage prequalification form securely on our website. With a prequalification letter in hand, you know that you may get approved for a mortgage before you even look at your first potential new home.
Some realtors require buyers to get pre-qualified before even starting to house hunt. A simple mortgage prequalification letter can help you narrow your search to find exactly the home you need. It also makes the mortgage application process that much smoother.
Determine how your credit looks.
Lenders will look at your payment history, income, and current debts to determine how likely you are to pay your loan each month. The number value assigned to your “reliability” is known as your credit score and is one of the biggest factors in getting approved for a mortgage.
There are many websites that allow you to quickly check your credit & credit score for free. Two of our favorites are www.freecreditreport.com and www.creditkarma.com.
If you have a credit score below 640, consider delving deeper into your report to make sure it is accurate. Stay current with all monthly payments and reduce debt where possible to boost your score.
- let’s learn
As an education-based mortgage company, we strive to provide helpful information.
Visit our learning center to learn
some great tips about buying a home.
What are your goals? We are committed to helping you reach them.
- faq’s
frequently asked questions
We understand that securing a home loan can be a complex process. To make it easier, we’ve compiled answers to some of the most common questions.
We take pride in helping our clients achieve their homeownership dreams with tailored financial solutions.
Customer's No. 1 Choice
How do I qualify for a home loan?
Eligibility depends on factors like credit score, income, employment history, and debt-to-income ratio. Our team can guide you through the requirements.
What is the minimum credit score needed?
Eligibility depends on factors like credit score, income, employment history, and debt-to-income ratio. Our team can guide you through the requirements.
How much down payment do I need?
Eligibility depends on factors like credit score, income, employment history, and debt-to-income ratio. Our team can guide you through the requirements.
What loan options are available?
Eligibility depends on factors like credit score, income, employment history, and debt-to-income ratio. Our team can guide you through the requirements.
