Pre-Approval Process
The most important first step is a pre-approval
A pre-approval is a letter from the lender stating that, based on the information you’ve provided, you qualify for a specific loan amount. It’s the first step in the home buying process.
Your pre-approval provides all of the information you need to begin your search including your price point, monthly costs, and on many occasions what specific properties to look for that match your loan (VA Approved homes, ect).
Get Pre-Approved for a Home Loan in St. Louis
Before you can buy a home in today’s fast-moving St. Louis real estate market, you’ll need to be pre-approved for a home loan or have proof of available cash funds. Because sellers rarely consider offers without this step, it should be your first move on the path to homeownership. Start browsing homes now.
What Is a Mortgage Pre-Approval?
A mortgage pre-approval is a letter from a lender confirming how much money you’re qualified to borrow. It’s based on your credit, income, and financial documents, giving sellers more confidence in your offer. Learn more from the CFPB.
Why You Need a Pre-Approval to Buy a Home
Getting pre-approved makes the homebuying process smoother in many ways:
- It confirms that you’re financially ready to buy a home
- It helps you understand your price range and loan options
- As a result, your offer becomes stronger and more competitive
- In addition, it allows you to shop for homes with confidence
Without a pre-approval (or proof of cash funds), your offer likely won’t even be considered by sellers. This way, you’ll have a better chance of securing your dream home.
Lender Options to Fit Your Needs
At St. Louis Realty, we work with trusted lenders who specialize in a wide range of loan programs. Whether you’re a first-time buyer or looking to finance a luxury home, we have lender partners for you. These include:
- First-Time Home Buyer Loans
- Jumbo Loans for luxury properties
- VA Loans for veterans and active-duty military
- FHA Loans with flexible credit and down payment options
Call our office today and we’ll connect you with the right lender — so you save time and avoid the guesswork. Contact us here.
What You’ll Need for Pre-Approval
Most lenders will request the following documents to determine your loan amount and terms:
- Social Security number & date of birth
- Recent pay stubs and tax returns
- W-2s, bank statements, and employment info
- Credit history check
This documentation helps lenders determine your loan amount and terms. so, once it is gathered you can move forward with pre-approval quickly and confidently.
Need Help Getting Started?
We’re happy to guide you through the home loan pre-approval process. Whether you’re buying your first home, upgrading, downsizing, or investing, we’ll connect you with the right resources — so you can shop with confidence.
📞 Call 314-ST-LOUIS (785-6847) today to get pre-approved and take the first step toward your new home!