Mortgage Preapproval

Gain the Buyer’s Advantage with a Preapproval

It’s generally a good idea to get pre-approved* for a mortgage loan. In this competitive housing market, a preapproval gives you the upper hand and allows you to make an offer on the spot when you find your dream home.


Why should I get a preapproval?

Recently, the housing market has become more competitive. A preapproval allows a mortgage underwriter to take a thorough look at your finances and credit history - uncovering any potential issues well before you’re obligated by contract to purchase a home.


What advantages does getting a preapproval give me?

Because a preapproval requires an underwriter to review your credit history, income, assets and debt, you can obtain a clear estimate of how much you can spend on a new home. Understanding your budget will help you confidently negotiate with sellers. Plus, sellers will be more confident in you as a buyer. You’ll have an advantage over other buyers who haven’t been pre-approved.


Will my preapproval expire?

If you don’t make an offer within 90 days of credit review, it will expire. If you need to renew your preapproval, just contact us and we’ll help you.


How much does a preapproval cost?

No fees are collected at the beginning or during the preapproval process.


What if I change my mind?

That’s perfectly fine. A preapproval doesn’t mean you’re committed to getting a mortgage with us or anyone else. It simply helps you understand the home-buying process and how much you can afford on a new purchase.


Get Your Home Loan Approved Fast

To get your loan application finished quickly with the best chance of approval, here are some of the main items we will need from you:

Income Documentation

  • W2 or 1099 forms for the last 2 years
  • Filed tax returns for the last 2 years
  • All paystubs from the last 30 days

Asset Documentation

  • Bank statements for the last 2 months
  • Most recent quarterly retirement statement


  • Driver license
  • Homeowners’ insurance contact information

Make sure you have your documents ready to go, and we’ll take care of the rest.

*Eligibility is subject to income verification, credit check, and property appraisal or valuation. Preapprovals are issued by an Underwriter.
Closeup of real estate agent handing house keys to a new homeowner

Get Started Today

*Required fields
Please Read ▼


Nick Barta

Division President | NMLS #25540
M: (303) 709-9625 | O: (303) 740-8300
Fax: (844) 222-3273

Nick Barta is authorized to do business in the states of Arizona, Colorado, Florida, Massachusetts, Texas, and Utah.
AZ License #0927129, CO License #100017626, FL License #LO3538, MA License #MLO25540, UT License #12270993

Customer Reviews

Overall Rating:

1304 Review(s)
Hector O C November 26, 2022
The process was flawless, informative emails helped understand the process as well!
Leslie D. S November 22, 2022
Everyone was so helpful. I appreciated the expertise and professionalism of everyone. It could not have moved along any smoother.
Tami M November 20, 2022
I was informed step by step and Nick and his team answered any questions I had in a timely manner.
Tyler V November 9, 2022
Nick Barta exceeded beyond exaptation. This is my first place so I really had no idea what I was getting myself into, but Nick was able to smooth everything out for me and was always available if I had any questions.
Emily W November 9, 2022
More in person meetings would be better. Keeping track of all the documents day after day was taxing, A sit down meeting where documents were signed in mass would have helpful.