Why Get Pre-Approved?

1. You know exactly how much home you can afford.

2. You get the best financing, and figure out which type of loan is best for you. 

3. You will need a Pre-Approval letter to submit an offer on a home. Sellers will NOT accept an offer without a Pre-Approval letter. So if you are serious about buying this is the first step towards getting you in your new home. 


It's important to note that being pre-approved with a lender does not bind you to use them. You can shop around for the best rates. We highly recommend using a local lender that is familiar with the area to maximize your representation.

If you aren't already working with a lender we recommend Jeremy Jordan with Atlantic Bay Mortgage. We have worked with him for years and hold him to the same level of professionalism and customer service we hold ourselves and work well with together to make a smooth transaction experience for our clients. However, you are always welcome to choose whatever lender you see fit. 

Atlantic Bay Mortgage
Contact: Jeremy Jordan
Phone: 757.880.5704
Email: jeremyjordan@atlanticbay.com


How Underwriters Look at Loans

Let’s take a closer look at how underwriters look at your loans.

What is an underwriter?

An underwriter verifies an applicant’s income, assets, debt, and property information to determine if they will be approved for a loan.

How do underwriters look at loans?

Underwriters primarily want to answer two questions: does the loan meet agency guidelines (FHA, VA, etc.), and will the buyer be able to pay back the loan? To determine these, underwriters look at many facets of your clients’ financial profiles, for example:

  • Credit history
  • Income and employment
  • Debt-to-income ratios
  • Savings and assets
  • Payment shock


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