Instant Access to Pre Qualification Letter

To create a pre qualification letter, please complete the info listed below. If qualified, a prequalification letter will be immediately available after clicking submit. The letter will made available in a download link after clicking submit and a letter will also be emailed to you and your realtor.

Your real estate Agent:

John Doe

Real Estate Company Name

Picture/Logo

586-555-1111

Email: email@email.com

Pre Qualification Certificate

"*" indicates required fields

Prequalification Certificate

Date

Borrower Name*

First Last

Co Borrower Name

First Last

Current Address*

Street Address City State ZIP Code

Hidden

Social Security Number

Subject Property*

If no subject property is input, the system will assume the subject property is located within a state the company is licensed in.

Subject Property Address

Street Address City State ZIP Code

Phone*

Email*

Monthly Expenses*

Exclude: Rent, utilities, and insurance. Include all debt: Car, credit, and department store. Use a sum of minimum monthly payment. Include the combined borrower and coborrower expenses if applicable.

Monthly Income*

Include the combined borrower and coborrower income if applicable.

Purchase Price*

% Down Payment*

Please enter a number from 0 to 100.

What percent do you want to put down? Input the percentage down range from 0-100.

Down Payment $

Minimum of 3% unless you qualify for a VA loan or USDA loan. Use 3% or more as a minimum. Minimum of 3% unless you qualify for a VA loan or USDA loan. Use 3% or more as a minimum.

Loan Size

Annual Property Taxes & Insurance*

Property Taxes and Homeowners Insurance on Subject Property.

Debt to Income Ratio

Credit Score*

740 or Better (Excellent)

620 - 739 (Good)

619 or Less (Fair)

Collections or Delinquencies*

I Have NOT had any collections or delinquencies in the past 12 months.

I Have had any collections or delinquencies in the past 12 months.

Bankruptcy & Foreclosure*

I Have NOT had a Bankruptcy or Foreclosure in the past 36 months

I Have had a Bankruptcy or Foreclosure in the past 36 months

Do you have a Real Estate Agent?*

Yes

Real Estate Agent Name*

First Last

Real Estate Agent Email

A copy of your prequalification letter will be emailed to your real estate agent.

Password

Enter Password Confirm Password

Select a password to access your preapproval letter with.

Prequalification Information

Mortgage Title Insurance Commitment is needed for at least the loan amount and must be provided at your own expense, through your attorney or title company, and must be in our office prior to the closing being scheduled.

Hazard Insurance must be obtained, the dwelling amount must be at least equal to the loan amount. A paid receipt for the first year’s premium must accompany the policy at closing. A binder is not acceptable. Policy and receipt must be originals and provided at the closing.

Based on the information received at application and the credit information received, the applicant qualifies for a loan at the above stated terms. This Preapproval does not constitute commitment to rate, fees or terms.

Sincerely,

Signed:

Mike Davis

President, NMLS ID 129591, CNMLSD 1221113

586-649-2600 Ext 2250 • Mdavis@cranbrookloans.com

Applicant acknowledges they understand all information must be confirmed and verified. This is not a commitment to lend and that a underwriter must provide final approval.*

I Understand

I agree to the privacy policy & all of the data submitted is correct.

I Agree

Please note that the submit button will not show if you do not qualify based on the data you have submitted. Qualification Criteria used: We have used FHA criteria for qualification determination, full evaluation will need to be made to convert from prequalification to preapproval. I agree to the privacy policy and agree that all of the data I have submitted is true to the best of my knowledge.

You may not qualify based on some of your answers, if pre-qualified a Submit button will appear in place of this section.

Your Scenario would need to be evaluated by a senior MLO to clarify some of your answers. Please reach out to your MLO to discuss.