Why Pre-Qualify?

Are you looking for a mortgage loan? We will be glad to help! Give us a call today at (800) 919-3276. Ready to begin? Apply Online Now.

It's valuable to visit with a mortgage professional first, even if you haven't settled on the kind of house you hope to find. What for? What can we do for you before you have made an offer, and do not know yet the amount you need to borrow?


We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. We will achieve this by analyzing your debts and income, your work and housing circumstances, the available funds for a down payment, required reserves, and other considerations. It's a quick, thorough process with minimal risks for papercuts.

After you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which states that we are working with you to find the ideal mortgage loan program to meet your needs and that we are confident you'll qualify for a mortgage up to a specific amount.

Power in the Pre-Qual

When you locate the house that is right for you, and you decide to make an offer, being pre-qualified for a loan will do a couple of things. First of all, you have some definite numbers in mind, as the amount you will qualify for on your mortgage loan. More important to the seller, your being pre-qualified is like your having walked into their front door with a suitcase full of cash to purchase the house! They need not be concerned they're wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't cause them concern. You have the ability to back your offer up.

We help with your pre-qualification

Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We do this by analyzing your income and debts, your work and residence circumstances, your funds available for down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

One on one

While you are encouraged to benefit from our tools to calculate mortgage variables on our website, it's a good idea to meet with us. For one thing, you'll want a Pre-Qualification Letter! Then, we will make sure we have chosen the ideal mortgage loan program for you. We are waiting to meet with you: call us at (800) 919-3276.

Have questions about pre-qualifying? Call us at (800) 919-3276. Farm Credit of the Virginias answers pre-qualifying questions every day.

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