Getting Pre-Qualified

Posted December 15 2016
by PenFed Team
hand using calculator on desk

Getting pre-qualified for a mortgage allows you to shop for a new home with confidence. It can help you narrow your home search to only those that fit your loan amount need. And it demonstrates to sellers and REALTORS® that you are serious about purchasing a home.

Get Pre-Qualified

Use the affordability calculator to determine how much you should spend on a home. Or call PenFed and answer a few simple questions to see what your mortgage options are.

Do Your Research

Get an idea of the kind of loan you might want. Consider:

  • Conventional fixed-rate mortgage
  • Conventional adjustable-rate mortgage
  • VA fixed-rate mortgages, if you qualify
  • Jumbo mortgages, if applicable

Gather Your Paperwork

Having your most up-to-date documents on hand will help the process go smoothly. Some of the documents you might need are:

  • Pay stubs
  • W-2 information
  • Tax returns (particularly if you are self-employed)
  • Bank statements
  • Information on other assets (retirement or mutual funds, stocks, etc.)

PenFed Is Here to Help

Call 800-970-7766 to complete your pre-qualification today.