Initial Assessment
Begin your journey to homeownership by providing us with basic financial information, including your income, assets, and debts. This allows us to assess your financial situation and estimate how much you may be able to borrow for a mortgage.
Benefits:
Here are some of the benefits of working with us:
- Our team provides support in prequalification process.
- We answer your questions and address your concerns.
- We provide you with the information.
- Our pre-qualified service comes with no obligation.
- It’s simply a way to know about homebuying potential.
Estimation of Affordability
Based on the information gathered during the initial assessment, we provide you with an estimate of your purchasing power. This helps you understand how much you can afford to spend on a home and sets realistic expectations for your home search.
Understanding Your Options
Once prequalified, we guide you through the various mortgage options available to you, including conventional loans, FHA loans, VA loans, and jumbo loans. We explain the benefits and requirements of each option, empowering you to make informed decisions about your mortgage.
Strengthening Your Position
Prequalification demonstrates to sellers and real estate agents that you’re a serious buyer with the financial means to make a purchase. This can give you a competitive edge in a competitive housing market and strengthen your position as a buyer.
Other Services
At Impact Mortgage, we believe everyone deserves a place to call home. Get started today!
Prequalification:
After understanding your needs, we’ll help you get prequalified. This involves reviewing your finances to estimate how much you can borrow and what type of loan might be best for you.
Loan Processing:
After submitting your application, our team will process it. We’ll verify the information provided, conduct a property appraisal, and review your credit history.
Loan
Approval:
Upon approval, you’ll receive a formal loan commitment outlining
the terms and
conditions of
the mortgage.
Closing:
Finally, we’ll schedule a closing meeting where you’ll sign the necessary paperwork to finalize the loan. Once completed, you’ll officially become a homeowner!
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