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Can members be pre-qualified or pre-approved for a first mortgage?

April 26, 2017members mortgage pre-approved pre-qualified

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Can members be pre-qualified or pre-approved for a first mortgage?

2 Answers

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Members can get pre-qualified for a first mortgage simply by calling or visiting us and providing some basic information. Pre-qualification is not a guarantee that the mortgage will be approved, but it should give you an idea of whether, based on debt to income ratios, you will qualify. Pre-approval requires that you (and the co-applicant) complete an application which will be submitted to our underwriting department.

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Members can get pre-qualified for a first mortgage simply by calling or visiting our Mortgage Department at our Main office in Moon Township and providing some basic information. Pre-qualification is not a guarantee that the mortgage will be approved, but will give the member an idea of whether, based on debt to income ratios, they will qualify. Pre-approval requires that the member(s) complete an application that is sent for underwriting.