Pre-Approval FAQ

1.  Why must I be pre-approved before you will perform a search?

Many Buyers will not consider an offer from a potential buyer that is not pre-approved- because they do not want to risk taking their house off of the market only to have an escrow fall through. It is not unusual in today's market for homes to be sold shortly after being put on the market- sometimes, it has taken less than 24 hours for an offer to be presented and accepted!   Imagine this:  recently a local home (fixer upper) with an appraised value at $330,00 sold for $250,000 to a buyer that was already pre-approved and offered a seven day escrow!  The owner did not want to put any money into the home to make improvements, first time home buyers were looking for a deal- and the quick escrow made the whole thing fly!

2. Why don't you just show a list homes for sale?

Many homes viewed on popular websites as being available are already sold!  We don't want to mislead any potential buyers and then try to convert them to a "similar" property that is available.

3. Is there any obligation to getting pre-approved?

You are under no obligation once you complete the pre-approval form. A licensed loan officer will evaluate your information and contact you with the analysis based upon the information you have provided.  You decide whether to proceed- and at what pace. 

4. How do I get pre-approved?

The first step is to complete an online easy application with as much information as possible.  We do not request social security information and we do not run your credit until we have a chance to speak with you.  After we determine the amount of mortgage for which you may qualify, a loan package is either mailed to your home or delivered by one of our couriers.  Simply complete the forms in the package, gather the documents requested on the checklist, and get the package back to our office either by mail, our courier, or by dropping by.  When qualified, you will get receive a pre-approval letter within 24-48 hours!

5. What if I am already pre-approved with another lender?

Indicate that you are pre-approved on your House Hunter form and your personal Buyer's Agent  will contact you and will begin working with you to search for your home.

6. Can we visit your office to apply?

Yes!  Our office is located in Huntington Beach, and we welcome clients to stop in.  To expedite the process, give us a call first and we'll give you a list of the paperwork we need in order to pre-qualify you.  If you bring all of your paperwork with you, we may be able to prepare a pre-approval letter for you the same day!

7. I'm not sure I'm ready to buy- or that I can qualify.  What should I do?

Either apply online (there's no obligation- and we don't run your credit) or give us a call toll-free (866) 422-5342.  We are always happy to answer questions or "run your numbers" for you over the phone and tell you the amount for which you may qualify.