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How Much Can I Qualify For?


If you are still searching for your new home, you may be wondering how much you can qualify for.  You simply want to know how much you can afford and what the interest rate and payments will be on a new mortgage.  


Home Buyer's PlaybookA new purchase loan is actually quite simple.  Simply click Get Rates, enter your approximate new purchase price and down payment and the system will calculate an exact monthly payment and interest rate for you. 



Once you find a loan program, interest rate and payment that you like, simply click Select Interest Rate and Go To Application.  You will then complete the simplified online loan application.  You then need to return the items needed and signed disclosures to your Loan Originator.  Your Loan Originator will submit your purchase loan to our automated underwriter for pre-qualification.


The automated underwriter is an advanced computer underwriting system that takes the guesswork out of a new purchase loan.  This system is able to analyze your income, credit, assets and every other aspect of your qualifying criteria and will issue a loan pre-qualification accordingly. 


Your new purchase loan will be immediately and automatically pre-qualified upfront.  This gives you the security and peace of mind of knowing your loan is good to go before you make an offer on the purchase of a new home.  Once your loan is pre-qualified, your Loan Originator will issue a pre-qualification notification to you.


Getting pre-qualified is the essential first step in the home buying process.  It lets the seller know that you are a serious and qualified buyer.  It is equally important that you obtain a full, legitimate pre-qualification letter issued by a reputable mortgage company


Your realtor will appreciate your diligence in getting pre-qualified first.  The seller will also take your purchase offer more seriously because you have proven your ability to qualify for the purchase of the home.     


Click Get Rates to get pre-qualified for your new home purchase.


Speak With A Loan Originator 


Would you prefer to speak with a Loan Originator over the telephone?  Please call us directly at   1-800-276-CYOL(2965) and choose option 1.  Or, click here to have one of our experienced representatives contact you directly.