Green Valley Homes | Search Green Valley AZ Real Estate and Homes for Sale | Russ Fortuno, Tierra Antigua Realty
Register Login (520) 333-0446
  • Bloglovin
  • Email
  • Facebook
  • Home
  • Homes for Sale
  • Area Information
    • Dining Out
    • Golf
    • Green Valley Recreation
    • Mover’s Guide
    • Visitor’s Information
  • Buyers
  • Sellers
  • About
  • Real Estate News

Getting Pre-Qualified for a Home Loan

Getting Pre-Qualified

Before you begin looking at homes in-person, you’ll need to meet with a lender to get pre-qualified for a home loan. Getting pre-qualified enables you shop for a home with confidence and will will help you:

  • Determine a comfortable price range;
  • Understand the types of loans you qualify for;
  • Determine your monthly payment;
  • Estimate the down payment and closing costs.

When you’re ready to make an offer on a home, a lender pre-qualification must accompany the purchase offer. While the pre-qualification form is not a guaranteed loan approval, it does let the seller know that you’re likely to be able to obtain financing. If you’re paying cash, proof of funds is required in lieu of a lender pre-qualification.

How do I get “pre-qualified”?

Before shopping for a home, contact a mortgage broker or financial institution. If needed, I can recommend a lender who regularly works with buyers in the Green Valley area.

The process of getting “pre-qualified” is quick and easy, and usually begins with a meeting or phone call to discuss income and employment, credit and liabilities, assets and desired payments. Your credit report is reviewed, enabling you to become pre-qualified fairly quickly.

Sample Pre-Qualification Form

Keep in mind that getting pre-qualified is not a loan application and doesn’t commit you to using that lender — in fact, you can get pre-qualified with more than one lender to compare interest rates and fees. However, you’ll need to decide which lender you want to use once you’ve made an offer on a house.

Eventually, the lender will require additional documentation to complete your loan application, which generally includes pay stubs, W-2’s, 1099’s, recent tax returns, bank statements, and other documentation regarding income, assets and liabilities.

Once you’ve been pre-qualified, it’s important not to make any new financial commitments, such as buying a car, new furniture, or applying for a credit card. Lenders take a second look at your credit in the days leading up to closing, and any changes to your credit picture could jeopardize your loan approval and cost you that new home.

Additional Resources:
Types of Home Loans
Factors that influence your FICO score
7 things to avoid after applying for a mortgage

New Listing

NOTIFICATIONS

  • Email Alerts for New Listings
  • Save Your Favorites
  • Schedule Showing Requests
  • Price Change Notifications
  • Plus More…

Sign Up

What’s Your

HOME WORTH?

Find Out

Client

TESTIMONIALS

"As out-of-town buyers, we were very impressed with how easy it was to buy a house with Russ. We went to Green Valley for a few days and were shown many houses that could have worked for us. We went home to MI and a few days later we were sent pictures of the perfect house. Russ toured the home, arranged for the inspection, made a walk through video for us, and handled the closing! Couldn’t ask for anything more! We would highly recommend using Russ as your agent."
- M.H., Rochester Hills, MI
"I listed my home with Russ and he had an offer for me within 7 days. I had listed with two other Realtors with no success. I have bought and sold several homes in my lifetime and I will say that Russ is the best Realtor that I have ever had."
- G.S., Green Valley AZ
"Russ helped us make our retirement dream a reality. We met Russ in July of 2018 when we made our first house hunting trip to Green Valley, AZ. He listened carefully to what we were looking for in a home and presented us with a list of houses that met our criteria. He helped us through two failed sales on our ou-of-state home, and when our home sold after five months on the market Russ was ready to help us with our home purchase in AZ. He stayed on top of all the important dates, provided us with a wealth of information about the area and links to all the required utilities. Moving is very stressful but Russ took a lot of the stress away with his commitment to quality customer service."
- C. G., Green Valley AZ
View All

Listing Notifications

Sign Up! New listings delivered to your inbox!
Sign Up Now

Stay Connected

  • Email
  • Facebook
  • Phone
  • Vimeo

agent photo

Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

© 2023 Russell E Fortuno PLLC, All Rights Reserved. ADRE BR658088000   •   Privacy