Thinking about buying a home in Western New York?  If you want to buy a home in Amherst, Clarence, Williamsville, Buffalo or any of the nearby communities, you will have to get a Pre-Qualification letter from your bank or lender.

A Pre-qualification letter is different from a Pre-Approval letter.  The pre-qualification letter lets you know if you probably would qualify for a mortgage. The lender will typically ask about your debt and run your credit to see if you could qualify for a loan. The Pre-Qualification letter can also specify what type of mortgage you would need, the terms and how much you would need to put down.  This is very helpful when you start looking for a home, because it has guidelines for you to follow such as what the purchase price may be, how much you can spend on taxes and other information so that it will fit in your budget.  When you go to make an offer on a home, you will need to provide this letter with your offer.   It is better to get this taken care of before you even start looking for a home so that you and your agent can make a good decision and put you at your best when making an offer.

Call a Loan Officer for fast and easy pre-qualification.

Diane Sadowski
Mortgage Consultant
First Priority Mortgage
(716) 480-9087

dsadowski@1stprioritymortgage.com

A Pre-Approval is even better.  With this type of letter from your bank or lender, they have reviewed your credit more in depth, checked out your paperwork and have made a preliminary decision to give you a loan. 

Either of these letters will help you procure the best deal on the home of your dreams.

Once, you have made an offer on a home and it is accepted, you will then go and apply for your mortgage. Get Ready to produce lots of information to the lender.  Click on the link below to find out what is typically needed in order to apply for your mortgage.

What Documents Will I Need To Provide For My Mortgage?

As always, if you have any questions, please give me a call or text or email and I will help you.

Mary Buchner, Realty USA (716) 481-8922   buffalorealtor@gmail.com

Getting a mortgage in Amherst NY/Getting a mortgage in Williamsville NY/ Getting a mortgage in Clarence NY
Getting a mortgage in Buffalo NY