What You Need to Get Pre-Qualified for a Mortgage

Thinking about buying a home? One of the earliest—and most important—steps is getting pre-qualified for a mortgage. But what does that actually involve? Here’s a breakdown to help you feel prepared and confident.

1. Proof of Income

Lenders want to see you have a steady income. Be ready to provide recent pay stubs, W-2 forms, or tax returns if you’re self-employed. This helps them estimate how much you can afford to borrow.

2. Credit Information

Your credit score and credit history are key factors. A higher score usually means better loan options and interest rates. Lenders will check your credit report to see how reliably you’ve managed debt in the past.

3. Employment Verification

Lenders may call your employer or request employment documentation to confirm your job stability. If you’re self-employed, you’ll need to show consistent income through tax documents.

4. Debt-to-Income Ratio

This ratio compares your monthly debt payments to your gross monthly income. Lenders use it to assess if you can handle a new mortgage payment on top of your other obligations.

5. Basic Personal Information

You’ll provide details like your Social Security number, address history, and identification. This helps lenders verify your identity and pull your credit report.

Quick Tips:

• Gather your documents ahead of time to speed up the process.
• Check your credit report for errors before you apply.
• Be honest about your financial situation—lenders appreciate transparency.

Getting pre-qualified is a great first step toward homeownership. It shows sellers you’re serious and helps you shop for homes with confidence. If you’re ready to start or have questions about the process, I’m here to help!