Pre-Approved or LCA?

The difference between the two choices is crucial to understand because it impacts the strength of your offer.

Pre-Approval

When you get Pre-Approved for a mortgage, we discuss you financial status, i.e. your debt, income, and assets. We talk about your credit history and discuss your goals for a down payment and different loan programs that work for you. Once you've shared your basic information, we can even run your file through the automated underwriting. At this point, I can issue a "Pre-Approval Letter" indicating the amount you can borrow for a home. The letter issued is an estimate of what you can borrow.

Lender Certified Approval (LCA)

When you chose to get a Lender Certified Approval, your making your offer as powerful as a cash offer with an appraisal contingency. You complete a mortgage application and provide me with written documentation verifying your employment, assets and financial status. This includes pulling a Tri-Merge credit report, W-2s, pay stubs, bank statements, and tax returns. We document your file and submit directly to an underwriter who reviews EVERYTHING. With an LCA, you get the amount your lender is willing guarantee you based on your financials.

Before you get on the road to find your new home, let's talk. We can figure out how much home you can afford and what steps you need to take so the entire home-buying process is simpler, faster and powerful. An LCA, puts you in an excellent position as a buyer.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.