Get Pre-Qualified or Pre-Approved at AmeriBest Mortgage

To BE

Pre-Qualified

Pre-Approved

that is the Question!

Before you begin to shop for a new home, you should set up a time to meet with us so we can figure out how much you can afford. It's important to understand the distinction between being Pre-Qualified or Pre-Approved.

To get Pre-Qualified for a loan, we collect info about your debt, income & assets typically over the phone. We’ll look at your credit profile & assess the types of programs that would work for you. We'll issue you a Pre-Qualification Letter detailing the amount you could Pre-Qualify to borrow today.

It is important to understand that a Pre-Qualification letter is just an estimate of what you are eligible to borrow based on our phone conversation. Getting Pre-Approved for a loan gives you competitive advantage when the time comes to bid on a home. You can do this before you look for a new home!

To get a Free Pre-Approval, you will need to complete a mortgage application (to start our secure online loan application - click here) or meet us at our office. You will also have to provide AmeriBest with various information verifying your employment, assets & financial status such as W-2 forms, bank records & pay stubs. For a printable list, click here.

We’ll review your mortgage options & submit your loan to underwriting. Once prelim underwriting is complete, we'll issue a Pre-Approval letter.

A Pre-Approval letter is not binding; it is subject to future appraisal of the home you wish to buy & certain other conditions. If your financial situation changes (e.g. job change or change in credit), interest rates rise or 90-days after the letter was issued, then we must review your situation & recalculate your mortgage accordingly.

Mortgage Calculator:

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