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Qualify for a Mortgage

Talk to a home mortgage professional from Loan One, a division of The Union Bank Company

No matter how early you are in the home buying process, it’s important to visit a mortgage professional.

Why is this necessary? If you happen to fall in love with a house, how can you negotiate a price if you don’t know how much you want to borrow?

When you get pre-qualified for a loan from Loan One, we can help you determine how much you can afford and how much we can loan you.

Just some of the things we take into consideration:

  • Current income
  • Current debts
  • Employment situation
  • Residence situation
  • Available funds for down payment
  • Required reserves

We make the process of getting pre-qualified as simple and painless as possible. Our goal is the same as yours; keep the paperwork to a minimum!

What Happens Once You’re Pre-Qualified for a Mortgage?

Once you qualify for a mortgage, we give you what’s called a Pre-Qualification Letter (your real estate agent might call it a “pre-qual”), which says that we are working with you to find the best loan to meet your needs and that we’re confident you’ll qualify for a loan for a certain amount.

When you find a house that catches your eye and you decide to make an offer, being pre-qualified for a mortgage will let you know how much you can offer.

More importantly, to a home seller your being pre-qualified is like you walked into their house with a suitcase full of cash to make the deal. You have the clout of a buyer ready to make a deal!