Mortgage Pre-Approval California

Start Your Mortgage Journey With Mortgage Pre-Approval

Let’s take the first few steps to help you get started on your mortgage journey. Find out what you need to do, how much money you can borrow and more, to get the best possible mortgage.

Find Out How Much You Can Borrow Before You Start Looking

Understanding Mortgage Broker Pre-Approvals

You might be ready to live in your dream home, but are lenders ready to help you achieve that dream? Let us help you get prequalified or pre-approved for a mortgage before you start knocking on doors! 

how does mortgage pre-approval work?

Getting preapproved is a crucial step in your homeownership ventures, helping you inch closer to confirm your creditworthiness. The best part is that it doesn’t even matter if you have a purchase contract–you can still get preapproved!

It starts with completing a mortgage application, from there we will verify your information, perform credit checks, and give you a preapproval letter. This letter serves as an offer to lend you the amount you require. This isn’t a commitment, but the next best thing. The offer is valid for 90 days from the day it gets issued. It might seem like a small step, but it’s a giant leap toward your dreams!

Think of mortgage preapproval certificates as the keychain to your house. You have a keychain; it’s time to start hanging some keys now. The certificate helps lenders understand that you have been verified and that you’re a serious home buyer. It is also indicative that you are good for the loan, further increasing your chances of securing finance.

Information Required for a Mortage Pre-Approval

A loan officer in California will usually require the following information to start the pre-approval application process:

Income Information
(Past 30 Days)

Bank Account Number(s) & Bank Statements

Down Payment
Amount

Desired Mortgage
Amount

Credit
Check

W2
Statements

Signed Personal Tax Statements – 2 Years

Signed Business Tax Returns (If Applicable) – 2 Years

How it works

The Pre-Approval Process

Get pre-approved for a mortgage with Dennis from C2 Financial Corp. He’ll walk you through the process and help you get your loan approved faster, so you can get out there and buy your dream house! Below is what you can expect when applying for a mortgage pre-approval:

1

Application: In person, over the phone, on the web

2

Documents & Information

Right off the bat, we give you a list of documents and information we need from you, along with any forms that need to be completed.

3

Verifying Eligibility Requirements

Once we have all the relevant information, we run a quick check to see that you meet the minimum requirements for a mortgage.

4

Credit Checks

This step doesn’t require a credit pull, just an estimated score. The goal is, again, to see if you meet the minimum requirements. Otherwise loan officers in California will immediately dismiss your case.
5

Verifying Information

This is the longest part of the mortgage broker preapproval process; we verify your information from different sources, including tax documents, bank statements, and more.
6

Automated Underwriting

We use Fannie Mae (FNMA) and Freddie Mac’s (FHLMC) automated underwriting systems to obtain our preapprovals for conforming and jumbo loans. This automated underwriting preapproval means a lot to sellers and that the underwriting process will go much quicker and smoother once you have your contract for purchase.

7

Your Preapproval Certificate(s)

Once a mortgage preapproval certificate is generated, it will be sent to you. This certification will make acquiring a mortgage much simpler and easier.

Get in touch

Want a Custom Solution or Have Questions?

We’re Just a Phone Call Away!
Location
San Diego,
CA 92101
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