Pre-qualification indicates whether you meet the minimum requirements for a loan and how big that loan may be.
Meet basic financial criteria for a home loan and we do the rest.
To get pre-qualified, you tell a lender some basic information about your credit, debt, income, and assets, and it tells you how much you may be able to borrow. “Tell” is the key word here. The information used for pre-qualification is self-reported, which means the lender typically doesn’t verify it or look at your credit report.
Our pre-qualification calculator can provide an idea of what to expect before you talk to a lender.
Getting pre-qualified does not affect your credit score. Lenders usually base pre-qualification on the information you provide and don’t pull your credit report.