To begin the pre-approval process click the application link below.

Application Link

What is a Mortgage Preapproval?

Mortgage preapproval is the process of determining how much money you can borrow to buy a home.

Lenders such as Stephenson Mortgage look at your income, assets and credit score and determine what loans you could be approved for,

how much you can borrow and what your interest rate might be.


Preapproval Vs. Prequalification

There are differences between these two processes.



A mortgage prequalification is like a preapproval, but it may not be as accurate.

With a prequalification, you won’t have to provide as much information about your finances,

and your lender won’t pull your credit. Without your credit report, your lender can only give you rough estimates.



Preapprovals for a mortgage are more in-depth than prequalifications.

When you get preapproved, you may be required to provide information or documents like bank statements

and pay stubs to prove your income and the funds you’re using to get the loan.

A preapproval will also require a hard credit check so your lender can get your credit score and see how much other debt you have.