A pre-approval provides valuable insight into your overall financial situation and lets you know how much house you can afford. It also gives you the confidence to move forward with a purchase, since lenders may be more likely to approve loans for buyers who have already been pre-approved. Additionally, having a pre-approval may help you negotiate better deals and get preferential rates on your mortgage.

Here are three things you should do to try to get pre-approved for a home loan.

Check your credit score and credit report to identify any potential issues

When it comes to applying for a loan or mortgage, one of the most important steps you can take is to check your credit score and report. Being aware of your current credit situation helps you identify any potential issues in advance, so that you can address them before moving forward with an application.

Your credit score is a three-digit number between 300 and 850 that represents your overall creditworthiness, based on various factors such as payment history, debt utilization and the length of your credit history. It’s used by lenders to determine whether you’re eligible for a loan and what interest rate they should offer you.

Your credit report includes information about past and current accounts—like mortgages, auto loans and student loans—that appear on your credit history. It’s useful to check this report periodically because it contains information about possible inaccuracies or fraudulent activities that may be affecting your score without your knowledge.

If you plan on applying for any kind of loan in the near future, it’s essential to check both your score and report before submitting an application package. This will ensure that there are no surprises and that everything is in order when lenders begin their verification process. Taking time to double-check every detail of your financial background helps protect against costly mistakes down the road.

Gather information about your assets and debts

When preparing for a loan application, one of the most crucial steps you can take is to collect information about your assets and debts. Knowing precisely how much money you have coming in each month and what types of debt you owe allows lenders to assess your overall financial situation and make an informed decision on whether they should approve your loan.

Gathering this information might seem overwhelming at first, but taking the time to do it right will increase your chances of getting approved. Here are some tips for organizing your assets and debts before applying for a loan:

  • Gather evidence of income: This could include copies of bank statements, pay stubs, rental agreements or other documents that show how much money you earn each month.
  • Collect proof of any investments or property ownership: Documenting information such as stocks or real estate that is held in your name can help prove your ability to pay back a loan.
  • Make a list of liabilities: Keeping track of how much debt you owe helps lenders understand how much risk they are taking with you as a borrower. Include outstanding credit card balances, student loans, car loans, etc.
  • Don’t forget miscellaneous expenses: It’s important to account for any additional monthly expenses such as childcare payments, subscriptions or utilities when considering how much debt you can take on.

By gathering all the necessary information about your assets and debts ahead of time, you’ll be able to provide comprehensive documentation to potential lenders that demonstrate why approving your loan would be beneficial for them as well as yourself.

Work with a good lender and get pre-qualified or pre-approved

When you’re in the market for a loan, it’s important to work with a good lender, and a good way to ensure that is by getting pre-qualified or pre-approved. PMR Roseville Elite specializes in helping people prepare for their loans with excellent customer service and tailored advice. Here are some of the reasons why you should consider using PMR Roseville Elite for your pre-qualification or pre-approval:

  • Expertise: PMR Roseville Elite has a staff of experienced loan officers who are familiar with all aspects of loan applications and can provide guidance to help you avoid mistakes.
  • Open Communication Channels: The team will keep you updated throughout the entire process and make sure to answer any questions you have along the way.
  • Fast Approvals: Their fast approval times mean you’ll be able to move forward quickly with your application and get your loan approved sooner rather than later.


By working with PMR Roseville Elite, you can rest assured that your loan application will go smoothly and that they will take care of all of the details involved in the process.

Contact us today to get started!