James Govier

Pre-qualification is an early estimate based on the information you provide. Pre-approval goes further: I review your documentation and credit, and you receive a conditional letter you can share with sellers and agents. Neither is a commitment to lend. Final approval is subject to underwriting, an appraisal, and verification of your information.

Most applications call for recent pay stubs, W-2s or tax returns, bank statements, and a government-issued ID. If you are self-employed or have other income sources, additional documentation may be requested. I will give you a specific list based on your situation so there are no surprises.

Down payment requirements vary by loan program and by your individual qualifications. Some programs are designed for buyers with limited savings, and certain buyers may qualify for assistance programs. Once I understand your goals and finances, I can explain which options may apply to you.

A full mortgage application includes a credit inquiry. Before anything is pulled, I will explain what to expect and answer any questions. If you are early in your planning and not ready for a credit check, we can start with a conversation about your goals.

Timing depends on the loan type, how quickly documentation comes together, the appraisal, and third parties such as the title company. I will give you a realistic estimate based on your situation and keep you updated at each stage. Every loan is subject to underwriting approval, and closing dates are not guaranteed until final approval is issued.