Pre-Qualify

Home Field Lending LLC is your trusted partner in the journey towards homeownership. We understand that purchasing a home is one of the most significant financial decisions you’ll make, and we’re here to make the process smoother for you. 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.

What Does Pre-Qualification Mean?

Pre-qualification is an initial step in the mortgage process where you provide basic information about your financial situation. Based on this information, we can estimate how much you may be able to borrow for a mortgage. Pre-qualification does not guarantee loan approval but provides valuable insight into your purchasing power and helps streamline the home buying process.

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.

We look at your payment history, income, and current obligations 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.

Know Your Credit Score

Here are a couple of sites where you can see your credit score and what is impacting it https://www.experian.com/, www.freecreditreport.com and www.creditkarma.com.

If your credit score below 640 you may want to take a closer look at your report to make sure it is accurate. If anything is inaccurate you can dispute it. Staying current with all monthly payments and paying down your debt will help boost your score, in turn boosting your borrowing power and reducing your mortgage interest rate.

Why Get Pre-Qualified

There are several reasons to get pre-qualified for a mortgage:

• Know Your Budget: Pre-qualification gives you a clear picture of your budget before you start house hunting. Knowing how much you can afford enables you to focus your search on homes within your price range, saving you time and effort.
• Competitive Advantage: Sellers often prefer working with buyers who are pre-qualified for a mortgage as it demonstrates your seriousness and ability to secure financing. With a pre-qualification letter from Hone Field Lending, you’ll stand out in a competitive market, potentially giving you an edge in negotiations.
• Streamlined Process: Our online pre-qualification process is simple and user-friendly, allowing you to submit your information conveniently from the comfort of your home. You’ll receive prompt feedback, helping you make informed decisions swiftly.
• Expert Guidance: Our team of experienced mortgage professionals will work closely with you to understand your financial goals and circumstances. We’ll provide personalized guidance and answer any questions you have about the pre-qualification process and beyond.

Don’t let uncertainty hold you back from achieving your dream of homeownership. Our dedicated team is here to support you at every stage of the process, providing expert guidance and personalized service.