How to Get
Pre-Qualified
Getting pre-qualified is quick and easy.
Buyers will need a pre-qualification from a lender to begin their property search properly. It is required when presenting an offer, so it is best practice to have it on hand before viewing properties.
After submitting a few documents and answering a few questions, you can obtain a pre-qualification letter within hours!
What “pre-qualified” means
A “pre-qualification” is a preliminary assessment from a lender about how much you might qualify to borrow. Lenders use the information you provide — income, debts, assets, credit history — to give you a rough estimate of borrowing capacity.
It’s not a guarantee. You still need to formally apply and verify your financial information to get approved.
Because it’s a soft check (in many cases), pre-qualification usually won’t hurt your credit score.
What you need to get pre-qualified
To get pre-qualified, you’ll generally need to supply:
Basic personal info (name, address, contact, Social Security number).
Income information: your salary or wage, sometimes your employment status, any other income sources.
Estimate of your existing debts or liabilities (credit cards, student or car loans, etc.).
Depending on the lender, they may ask for this via an online form, phone call, or in-person.
Who To Contact
If you have a preferred lender or institution, you should reach out to them first. They may already have a lot of the information required to generate your pre-qualification letter.
If you do not have a preferred lender, you should feel free to reach out to my trusted lenders Listed below. I have successfully worked with each of these lenders and highly recommended them all. Just be sure to mention I sent you and they’ll reach out me for any further needs.
James Kroll
TD Bank
917-568-3368
jkrollnyc@gmail.com
Peter Chace
Citizens Bank
917-715-2818
peter.chace@citizensbank.com
Scott Nadler
Cross Country Mortgage
973-769-8180
Scott.nadler@ccm.com