Pre-qualification for a home loan determines your ability to repay the loan based on information you provide. If you’re simply gauging your options, getting pre-qualified for a mortgage is a good first step. It doesn’t guarantee approval for a loan — it’s simply an idea of the mortgage amount you might qualify for.

We take a look at two main things: your assets and income. Your assets and income are reviewed to establish the maximum purchase price you can afford on a home and how much you will be able to borrow. Your credit history will not be reviewed at this time. Fill out the above submission form to get started!

If you’re new to mortgages, pre-qualification and pre-approval might sound like the same thing; however, they play very different roles in the home financing process. While pre-qualifying for a home loan only requires looking at your assets and income, pre-approval entails an in-depth review— including your financial background and credit history— and usually results in an estimated interest rate and approval amount.

Prospera Home Loans broad portfolio of home financing products includes conventional, VA, FHA, USDA, refinance and home equity loans to help you achieve your goals. Whether you’re searching for the perfect home or looking to refinance, the Prospera Home Loans team can help.