Mortgage Pre-Approval in Michigan

A mortgage pre-approval helps you understand a realistic price range and shows sellers that a lender has reviewed key financial information. It is more useful than a casual estimate, but it is not a final loan approval.

What is commonly reviewed

• Income and employment documentation

• Credit history and monthly debts

• Bank, investment, gift, and other eligible funds

• Proposed down payment and loan program

• Estimated taxes, insurance, and association dues

Pre-approval vs. pre-qualification

A pre-qualification may be based largely on information you provide. A stronger pre-approval generally includes a more detailed review and may include credit and supporting documents. Neither guarantees closing: the property, title, appraisal, updated finances, and final underwriting still matter.

Before making an offer

Avoid opening new credit, financing furniture or a vehicle, moving large sums without documentation, changing employment, or making major financial changes without discussing them first. These actions can affect qualification.

Application link update in progress

Home Jim’s secure online mortgage application link is being changed. Until the new link is ready, text Jim at 313-444-5233 to discuss the pre-approval process and request the correct secure application link. Never send Social Security numbers, tax documents, bank statements, or other sensitive financial information by text or ordinary email.

Pre-approval is subject to verification, underwriting requirements, and an acceptable property.