Mortgage basics: Prequalification or pre-approval – What do I need?

See if prequalification or pre-approval is right for you.

 

So you’re at the point in your life when you’re thinking about buying a house, but you’re not quite sure how much house you can afford — or if you need proof of that amount before talking to a real estate agent. Is it important to get prequalified or pre-approved by a lender before you start looking? Learn the difference between the two and how such documentation might help you in the homebuying process. 

To learn more about the homebuying process, watch other videos in this series:

 

Ready to start your pre-qualification or pre-approval journey? Learn more.

Mortgages at U.S. Bank

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Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.