Home Buying 101: Pre-Approval Letters


While it’s fairly common, and perhaps tempting, to start a new home search by touring open houses and viewing online listings, your path to home ownership will be much smoother by defining your budget and discussing the financing option that best meets your needs with an experienced Spire Mortgage Professional before looking at homes. Not only will you have a strong sense of your spending comfort level, but you will also be able to provide a pre-approval letter (or even better, our Spire Key Approval) to real estate agents demonstrating your creditworthiness and financial ability to purchase a home.  

What Does a Mortgage Pre Approval Look Like?

During the pre-approval process, you’ll be asked for financial information, such as tax returns, pay stubs, and W2’s, as well as to confirm employment background and credit history. You will also need to provide government-issued identification and your social security number. Once this information is verified, your loan officer will evaluate your income, savings, credit, and debts and will be able to give the maximum amount you are eligible to borrow.  

Strengthen Your Offer – Spire Key Approval

While these are typically the normal route people choose, here at Spire Financial, we offer a program unlike any other lending institution that offers great benefits for an even stronger offer than the Pre-approval. The Spire Key Approval Process stands out for many reasons:
  • Your loan gets full review and sign-off by the underwriter (decision maker) – this is much better than an LO who may or may not know guidelines.
  • Benefits: much stronger offer than those who are just “pre-approved”. You can also write shorter contracts (close faster!) since the majority of work is completed. You’ll also get a higher peace of mind knowing your loan will approve since we do that step up front. And knowing the lender has backed it with the $15k lender assurance ensures the loan will close.
  • The lender assurance for $15,000 makes your offers feel similar to cash due to completion of loan review.
  • The service is free and typically only takes about a week on the front end to approve for it. You can still put in offers while waiting for it as well since you’ll already have been pre-approved prior to sending for the Spire Key Approval.
Set yourself apart today and get the strongest offer now. Get started now with our Key Approval. Our team of professionals are here to help when the need arises!

A Lending Hand for Financing Home Mortgages

Spire Financial (A Division of AmeriFirst Financial Inc.) brings lending expertise to you. All of our loan officers offer personalized communication for every client, guiding them through the process. We can show you ways to maximize your finances and unlock future opportunities. Spire Financial keeps you in control of refinancing, debt consolidation, and home equity. Together, we can achieve your financial goals.

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Disclaimer


Spire Financial, a division of AmeriFirst Financial, Inc., 1550 E. McKellips Road, Suite 117, Mesa, AZ 85203 (NMLS # 145368). 303-595-0110. © 2022. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. AmeriFirst Financial, Inc. is an independent mortgage lender and is not affiliated with the Department of Housing and Urban Development or the Federal Housing Administration. Not intended for legal or financial advice. Visit https://amerifirstloan.com/pages/state-licensing for all state licenses information. Visit NMLS Consumer Access at https://www.nmlsconsumeraccess.org/

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