Why Pre-Qualification is Important

In the market for a new mortgage? We'll be glad to discuss your mortgage needs! Give us a call today at (334) 285-8850. Ready to begin? Apply Now.

Even if you haven't picked out homes to visit yet, it's advantageous to visit with your mortgage professional first. What for? Maybe it is difficult to understand how we could help even before you begin to negotiate.


When we pre-qualify you, we help you find out the amount in monthly mortgage payments you can afford, and the size of loan you will qualify for. During the process, we explore your borrowing power - reviewing your employment, money available for down payment, existing debt, income, and other areas. It's quick and basic; We take pride in keeping the paperwork to a minimum.

Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are working with you to find the ideal mortgage loan to fit your needs and that we're confident you'll qualify for a mortgage loan for up to a specific amount.

Power in the Pre-Qual

Several advantages open to you once you've found your dream house, and have pre-qualification. First of all, you have some general numbers in mind, as the total you will qualify for with your loan. Of greater importance to the current home owner, your pre-qualification is like your having walked into their house with a suitcase full of cash to purchase their home! They won't need to wonder if that they have been wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to be concerned about. They have a virtual guarantee that they can trust your ability to back up your offer.

We will help you pre-qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can afford, and how much we of a loan you will qualify for. In the process, we look at your capacity to borrow - looking at your job, available money for down payment, existing debt, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.

One on one

You can certainly use the mortgage calculators here on our site to get an idea of how much mortgage you'll be able to afford - but it's also essential to meet with one of our mortgage professionals. For one thing, you will want a Pre-Qualification Letter! For another thing, we might locate a different mortgage loan option that is a better fit for you. Let us help you get started: Call us at (334) 285-8850.

Have questions about pre-qualifying? Call us at (334) 285-8850. First Community Bank of Central Al. answers pre-qualifying questions every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.