Pre-Qualify for the Loan: Your First Step Toward Homeownership
So, after much thought and consideration you’re jumping into the world of home ownership. CONGRATULATIONS! You’re about to take the first steps into this wonderful journey.
If you’ve purchased a home in the past, you may already be familiar with the process—and if so… welcome back! For first-time buyers, it may seem overwhelming, but don’t worry. At Ocala Custom Homes, we’re here to help reduce the stress and guide you every step of the way. Buying your dream home should be an exciting experience!
How to Pre-Qualify for a Loan (And What It Really Means)
Pre-qualifying for a loan is the initial step in finding out if you’re likely to be approved for a mortgage. Think of it as a financial “sneak peek.” It involves a simple review of your income, credit, and debts. While it’s not a guarantee of approval, it helps you understand what you can afford—and it usually doesn’t affect your credit score.
In short, to pre qualify for the loan means you’ll receive an estimate of how much you may be able to borrow, based on the information you provide.
The Pre-Qualification Process: Easy as 1-2-3
Step 1: Contact Ocala Custom Homes
Call us at 352-629-3001 or stop by to fill out a credit application with one of our sales team members.
Step 2: Submit Your Information
Within about 24 hours, you’ll have your pre-qualification results. Loan types (FHA, VA, USDA, Conventional, or Chattel Mortgages) determine the requirements you’ll need to meet.
Step 3: Prepare Financial Documents
While these aren’t always required right away, having them ready will make the process smooth:
- W-2s or 1099s
- 2–4 weeks of recent pay stubs
- 2 years of tax returns (if self-employed)
- Verification of Employment (VOE) if pay stubs aren’t available
- Driver’s License or State ID
- Social Security card
- Proof of retirement income (if applicable)
- Bank or retirement account statements for down payment proof
Why Pre-Qualify?
- It gives you confidence when shopping for a home.
- Sellers take you more seriously when you’ve started the loan process.
- You’ll know what price range fits your budget before falling in love with a home that’s out of reach.
Let’s Get Started
The pre-qualification process is simple and fast. In just a few steps, you’ll be well on your way to the wonderful world of homeownership.
👉 Contact Ocala Custom Homes today at 352-629-3001 and ask for sales. We’ll help you pre-qualify for the loan and answer any questions along the way.
Remember: There are no silly questions! We’re here to make this a positive, stress-free experience for you.
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