Prequalifying For A Loan
When shopping for a new home, one of the first questions home buyers need to answer is "How much home can I afford?" Answering this question involves a thoughtful analysis of your assets, income and debts.
Each mortgage program has its own set of requirements and rules. As a result, the simple question "How much can I afford?" can be difficult to answer without a careful analysis of your personal financial situation. Mortgage originators and real estate agents frequently call this analysis "qualifying" (or "prequalifying" if you do this before you shop for a home).
It is to your advantage to prequalify for a mortgage. By prequalifying for a given loan amount, you can comfortably shop for a home within your price range. In addition, prior credit approvals can expedite the closing of your loan, and your preauthorization letter provides the agents and sellers with whom you work the confidence that you are determined and qualified buyer.
How to Prequalify
Use Our Online Application
Prequalify In Person
Whether you are more comfortable with a more personal approach, or if you need assistance in selecting a mortgage program, you can always contact Alaska USA Mortgage and set up an appointment with one of our helpful mortgage originators.
You will want to have the following information available (not every item may apply to you).
You can download a prequalification worksheet which will help you gather the information necessary for a loan originator to complete your prequalification. This worksheet is in pdf format, which requires pdf software such as the free Adobe Reader.