To help streamline the process, it’s helpful to have:

• Employment information
• Income information
• Asset and bank account information
• Current housing information
• Property information (if you’ve already identified a home)

Don’t worry if you don’t have everything available today. Our team will provide a customized document checklist after reviewing your application.

Submitting your online application is the first step toward getting pre-approved for a mortgage. After we receive it, the Mortgage Mark Team will review your information and help you understand the next steps.

1. Review Your Application

A member of our team will contact you to discuss your mortgage goals, review the information you submitted, and answer questions about your financing options. We may also obtain a credit report as part of the review.

2. Provide Supporting Documents

Pre-qualification is based on the information available at the beginning of the process. To move toward pre-approval, you’ll need to provide supporting documentation so we can verify your income, assets, and other financial details.

We’ll provide a customized document checklist based on your situation.

3. Work Toward Pre-Approval

Once your documents have been received and reviewed, we can determine whether your application meets the applicable requirements for pre-approval. A pre-approval letter can help demonstrate to a seller that you’ve taken steps to secure financing, although it is not a final loan approval.

Pre-qualification and pre-approval are related steps, but they are not the same.

Pre-qualification is an initial assessment based on the information you provide about your finances and goals. It helps you begin exploring mortgage options and understand what you may qualify for.

Pre-approval involves reviewing supporting documentation to verify key details of your financial situation. Once that review is complete and the applicable requirements are met, a pre-approval letter can provide a clearer picture of your proposed financing.

The key difference is verification. Providing accurate information and responding promptly to document requests can help move the process forward.

Keep in mind that a pre-approval is not a guarantee of final loan approval. Your loan and property must still meet applicable requirements, and changes to your financial circumstances may affect the outcome.

Does applying for a mortgage affect my credit score?

A mortgage application may involve a credit inquiry. The impact, if any, depends on your credit profile and the circumstances of the inquiry. Our team can explain the credit review process and help you understand what to expect before moving forward.

Should I include my spouse’s information?

If your spouse will be applying with you, include their information in the application. Even if your spouse will not be a borrower, their financial information or debts may need to be considered for certain loan programs or under applicable state requirements. Let us know your circumstances so we can determine what information is needed.

How much does pre-qualification cost?

There is no charge to submit the online application or begin the pre-qualification process through Mortgage Mark. If costs arise later in the mortgage process, we’ll explain the applicable fees.

How long is a pre-qualification valid?

A pre-qualification may be valid for a limited period and can become outdated if your financial circumstances change. Changes in income, employment, assets, debts, or credit may affect your qualification. Contact our team if you need your information reviewed or updated.

What happens after I’m pre-qualified?

The next step is to provide supporting documents so we can work toward pre-approval. Once you have a clearer understanding of your financing options, you’ll be better prepared to shop for a home and make an offer with confidence.

Our team is here to help you navigate the application process, understand document requests, and discuss your next steps. Reach out to us if you have questions at any stage.