Get Pre-Qualified or Pre-Approved for your mortgage.

To BE

Pre-Qualified

Pre-Approved

that is the Question!

Before you begin to shop for a new home, you should call us so we can help you figure out how much you can buy. It's important to understand the distinction between being Pre-Qualified or being 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 this amount.

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 should 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 60-days after the letter was issued, then we must review your situation & recalculate your mortgage accordingly.

Mortgage Calculator:

Sales Price:		$
Down:		%
Interest Rate:		%
Term:		yrs

Monthly payment:		$