Pre-Approval Should Be Your First Step in the Home Buying Process


In our local housing market, the number of buyers searching for their dream home greatly outnumbers the amount of homes for sale.  This has led to a competitive marketplace where buyers need to be prepared to stand out.

One way to show you are serious about buying your dream home is to get pre-approved for a mortgage before starting your search.

For detailed information about obtaining a mortgage pre-approval, "see blog post: "Mortgage Tips:  Pre-Qualified vs. Pre-Approved - What's the Difference?"

In order to obtain a pre-approval letter, you’ll need to select a mortgage lender and complete their loan application.  The lender will look closely at your credit report, employment and residential history, income, debt, and down payment source.  This information helps them determine which loan programs you qualify for, the maximum amount you can borrow and the interest rates you will be offered.

I recommend working with a local lender as they will have better access to assist you from start to finish.  If you don’t have a relationship with a lender, contact us for a qualified lender referral.

If you are thinking of buying, selling, renting your home, or leasing real estate this year we’d love to hear from you!  Working with experienced professionals can boost your profits!

Thinking of Buying a Home?  Click HERE for Home Buying Assistance

Acuity Group Real Estate Professionals

564 Dodge Ave. Suite A ~  Elk River, MN 55330                                                            

Office:  763-633-3535 ~

Selling Your Home?  Click HERE to Schedule a Free Market Analysis   

 Thinking of Renting Out Your Home? Click HERE to Schedule a Free Rental Analysis

OUR SPECIALTIES:   Residential & Commercial Seller and Buyer Services, Property Management & Residential Rentals,  Residential and Commercial Investment Property Specialists, Listing & Marketing Specialists, CDPE (Certified Distressed Property Experts), Short Sale Specialists, REO/Bank Owned Sales.  Golf course properties, water front properties, acreage & hobby farms, vacant land, condos & townhomes, industrial/manufacturing/retail properties, association maintained properties, senior housing, luxury homes, vacation & secondary housing.

Serving the following Minneapolis Cities & Suburbs: Elk River MN, Zimmerman MN, Big Lake MN, Rogers MN, Otsego MN, St. Michael MN, Albertville MN, Princeton MN, Ramsey MN, Anoka MN, Nowthen MN, Monticello MN, Oak Grove MN, Burns Township MN, Champlin MN, Dayton MN, Hanover MN, Coon Rapids MN, Blaine MN, Fridley MN, St. Francis MN, Livonia Township, Andover MN, Becker MN, Baldwin Township, Orrock Township, Plymouth MN, Maple Grove MN, Osseo MN.

Serving the following Minnesota Counties:  Sherburne, Anoka, Wright, Hennepin and portions of Mille Lacs and Isanti Counties

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