Your 4-Step Easy Pre-Approval

Before you shop for a home, you need to make sure you can get a loan. A pre-approval is when a loan officer reviews your situation and helps you understand what loan you're qualified for and shows you all the numbers up-front.

Upload your documents

We request documents like W2s and paystubs to give you a rock-solid loan approval. Other companies give you a flimsy answer without asking for your documents only for your loan to fall through right before closing.

See your quotes and loan options

We'll show you all your numbers up-front: monthly payment, loan type, maximum purchase price, interest rate, APR, all closing costs (including estimates of 3rd party fees). You deserve to know everything in advance.

Start a quick, online application

Free, no-obligation, and it only takes 10 minutes. You'll enter your income and work history information so we can match you with the best loan for you.
Choose the state you're buying in:
🔒 You'll be directed to a secure online application

Shop for your home!

Here's the fun part, shopping for the home you'll love! Since you'll have a pre-approval in hand with confidence in your numbers, you'll be ready to make an offer with certainty.
Choose the state you're buying in:
🔒 You'll be directed to a secure online application
Have a question first?
Schedule a call
Email Kyle

Say hello to our team.

Loan officers with the heart of a teacher. Ready and willing to help you with your home buying goals.
Licensed in all 50 states
Licensed in all 50 states
Licensed in all 50 states
Licensed in all 50 states
Licensed in OH, FL, & KY
Licensed in OH, FL, & KY
Licensed in OH & FL
Licensed in OH, FL, & KY
Content Manager

Common pre-approval questions

With so much questionable guidance, most buyers end up settling for what they hope is right, which sucks. This is probably your biggest financial decision to date—you deserve way better than: "I guess this is what I should do".
What states do you work in?

We're licensed in all 50 states!

Will your run my credit?

We do not run your credit without your explicit permission. To get a full pre-approval we will have to pull your credit which only affects your score 0-5 points. If you've had your credit pulled by another lender in the past 45 days, your score will not be affected by a new credit pull.

If you'd like, we can run a soft credit pull to see where your score is at.

Will my credit score be affected?

To get an accurate pre-approval, a lender will need to do a "hard pull" that will place an inquiry on your credit report. A hard inquiry will only change your score 0-5 points.

A lender that is giving you a pre-approval without pulling your credit score or by only using a soft inquiry is not giving you an accurate pre-approval.

Within a 45-day window, multiple credit checks from mortgage lenders are recorded on your credit report as a single inquiry. Proof.

Should I talk to a real estate agent first?

Although it's more fun to search for houses, you really need to talk to a loan officer first! Getting pre-approved first allows you to know exactly what price range you're going to be looking in.

Also, most real estate agents won't show you a home unless you're pre-approved first. They want to make sure you have the money to buy a house!

How long does a pre-approval last?

This can vary lender to lender. However, a credit report "expires" after 4 months.

So, given that is takes around 1 month from accepted contract to closing, you have about 3 months to shop for a home with your pre-approval. If it takes longer for you to find a home, no worries. Talk to your loan officer and they can help you with the best strategy. Usually, you will not need to have your credit re-pulled until you find a home.

Of course, if anything significant changes to your income, assets, or credit you need to let your loan officer know as this may affect your pre-approval.

What credit score do I need?

The lenders we work with have programs such as FHA, VA, and USDA down to a 500 credit score. Conventional programs start at a 620 credit score.

What happens if I can't get approved?

We don't want to just say "no". If you can't get approved with a loan program, your loan officer will first help you understand why — what kept you from getting approved.

Then, your loan officer can explain what you can work on to try again in the future. Most people who don't get approved usually only need to spend a couple months of focused work to get approved. Things like increasing their credit score or saving more money are the most common things that need to be worked on.

How long will it take to get approved?

The fastest way to get approved is to start an application here and upload your documents that are requested. A loan officer then will review your application (usually within a day) and should be able to give you an answer with quotes within about 24 hours.

Sometimes your loan officer may ask you for additional information after they see your application, this is completely normal to ensure your pre-approval is dependable and accurate.

What if I'm not ready to buy right now?

That's perfectly fine! We won't rush you or use harsh sales tactics. Buy when you're ready and comfortable.

Many home buyers still want to talk to a loan officer even in they planning on buying in a few months. They do this so they can see if there's anything they need to work on and to take a look at accurate numbers they can plan with.

Pre-Qualification vs Pre-Approval?

A pre-qualification is less accurate while a pre-approval is accurate and dependable.

A pre-qualification usually involves no credit pull or a soft credit pull and the loan officer doesn't verify any documents.

A pre-approval involves a hard credit pull and a loan officer reviewing your documents to make sure that you don't run into any issues during your home purchase.

Does a pre-approval cost money?

No! A pre-approval is 100% free forever and always. Even if you get approved and don't buy a home or use another lender. You will never pay us money up-front.

How is pre-approval amount determined?

Most loan programs use what's called a debt-to-income ratio where an underwriting software look at how much debt you have (including your mortgage payment) to your gross monthly income.

Does pre-approval lock in interest rate?

No. Some loan programs offer a "lock and shop" option where you can lock your interest rate during your pre-approval. However, these programs usually require a fee when you close on your home.

A pre-approval interest rate quote shows you the current day's interest rate based on the market. During the time that you shop for a home, interest rates could go up or down.

At what point are you locked into a mortgage lender?

Never. By law, you have the option to use any mortgage lender you want at any time. You are never locked into a mortgage lender.

However, switching mortgage lenders during your contract could cause you to not be able to meet your closing date. At which point the seller can back out of the contract.

What not to do after getting pre-approved?

You don't want to make any significant changes to your credit, assets, income, or employment.

For instance, I know it's tempting to start ordering a bunch of furniture. But you certainly don't want to load up a credit card with more debt that may change your credit score or affect your debt-to-income ratio. Run anything outside of your normal spending habits past your loan officer to make sure it won't affect your approval.

What happens if you don't use your pre-approval?

Nothing happens. If you got pre-approved, but decide you want to hold off on buying a home for a bit that's perfectly fine. When you want to explore buying again, just talk to your loan officer. They will likely want to verify any updated information about your employment, income, etc.

What documents do I need ready for a pre-approval?

The most common documents requested during a pre-approval are past 2 months of bank statements, driver license, past 2 years W2s, past 30 days paystubs, and past 2 years tax returns.

Other documents requested will depend on your personal scenario. For instance, if you're self-employed you will be asked for your past 2 years of business tax returns instead of W2s and paystubs.

Or if you're divorced you will be asked for your divorce decree to prove if there is or isn't any alimony or child support.

What will I get from my pre-approval?

You will first get your pre-approval letter that can be shown to sellers. This lets them know you have the financial ability to close on the home and that they should take your offer seriously.

You also will get a quote showing you the loan type, interest rate, estimated monthly payment (including taxes and insurance), and a breakdown of the closing costs.

Need a question answered you don't see above?
Email me →
Choose the state you're buying in:
🔒 You'll be directed to a secure online application
Ask us a question →
Kyle Andrew Seagraves is Federal Mortgage Loan Originator (NMLS 1701021) licensed in all 50 states with the Dan Frio Team at Allied First Bank (NMLS 203463), an Equal Housing Lender. Separately, Kyle owns Win The House You Love LLC, an education company. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This website is only for educational usage. All calculations should be verified independently. This website is not an offer to lend and should not directly be used to make decisions on home offers, purchasing decisions, nor loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, nor real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice.

Servbank is not affiliated with the VA, FHA or any other government agency. This site has not been approved by any government agency.
Loan Production Office

Dan Frio Team
1601 N Bond St Suite 316
Naperville IL 60563

(844) 775-5626
NMLS 246527
Win The House You Love Office

** No in-person appointments

Win The House You Love
8900 N Dixie
Dayton, OH 45414
NMLS 1701021
Powered by Servbank, sb
Servbank Office

Servbank, sb
3201 Orchard Rd
Oswego, IL 60543

NMLS 203463
FDIC Certificate # 55130