Why Get Pre-Qualified?
1. Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free.
2. While a "pre-qual" is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your general creditworthiness.
3. These days most sellers will NOT accept an offer without at least a pre-approval letter, so if you are serious about buying this is the first step towards getting you in your new home.
Interested in Renting to Own?
Are you a First Time Homebuyer?
interested in learning about a possible $15,000 towards downpayment and Closing Cost Assistance?
Hardest-Hit Fund Down Payment Assistance (HHF-DPA) Program
Provides qualified first-time homebuyers with up to $15,000 in down payment and closing costs assistance (DPA is in the form of a zero interest/zero payment second mortgage that is forgivable after 60 months, 20% per year).
A first time homebuyer is considered someone who hasn't owned a home in 3 years.
640 Credit Score is Necessary.
$89,000 Max Income
Must take an online class.
The program is available for perspective first-time homebuyers wanting to purchase homes located in the following counties, only:
40% of the eligible counties are located in the Tampa Area