Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view, download Adobe® Acrobat Reader.
people socializing in kitchen

How to Pre-Qualify for a Home Loan

Banking for Individuals

pre-qualify for your new home

WHAT IS A MORTGAGE PRE-QUALIFICATION?

As you begin searching for a new home it is helpful in advance to understand the mortgage amount you are qualified for so you can look for homes in that price range. This step is called a pre-qualification and can be obtained by providing your Univest home loan consultant with financial information related to your income, assets, and credit scores/debts.

The pre-qualification process requires a completed application which is reviewed by a mortgage consultant who will run a credit report and provide you with the amount you will qualify for and help identify which mortgage program would best suit your needs.
What is the difference between a pre-qualification and pre-approval?

A pre-qualification will provide you with what you can afford as you start your home buying search. To obtain this dollar amount, your credit score will be verified and supporting documents may be required to confirm information provided on your application.

If you have selected a home you are interested in purchasing, a pre-approval provides you with an approval for a specific loan amount. To secure a pre-approval, a mortgage underwriter will obtain your credit score, verify documentation and review your home loan application.

 
 
 
 

Ready to get pre-qualified?

Click the following button to complete an application for pre-qualification and one of our home loan consultants will be in touch.

APPLY NOW


Check out our mortgage qualifier calculator to estimate how much you will pre-qualify for and what house will be in your budget.

MORTGAGE QUALIFIER CALCULATOR

 

contact us

There was an error submitting the form

Thank you for your submission.

First-time homebuyers

TYPE OF MORTGAGE LOANS

Mortgage Documents Checklist

to the
top
Read more on our accessibility statement