Getting Qualified
Loan Process
Getting Qualified
Getting pre-qualified is the first step in the home-buying process. It gives you a clear picture of your budget and shows sellers you're a serious buyer.
When Should I Get Pre-Qualified?
Get pre-qualified before you start seriously shopping for homes — ideally 3–6 months before you plan to buy. This gives you time to address any credit issues, save additional funds, or pay down debt if needed. In a competitive Florida market like Jupiter and Palm Beach County, sellers often won't consider offers without a pre-qualification letter.
Pre-Qualification vs. Pre-Approval
Pre-qualification is a quick, informal assessment based on self-reported information. Pre-approval is a more thorough review where we verify your income, assets, and credit. Pre-approval carries more weight with sellers and gives you a firmer commitment from the lender.
What Lenders Look For
The four key factors lenders evaluate are: (1) Credit score — most programs require 620+, VA and FHA can go lower; (2) Income — stable employment history and sufficient income to support the payment; (3) Assets — funds for down payment and closing costs; (4) Debt-to-income ratio — your monthly debts vs. your gross monthly income.
How to Get Pre-Qualified with Milestone
Simply call Dan at 561-207-8082 or complete our online application. We'll review your information, discuss your goals, and provide a pre-qualification letter — usually within 24 hours. There's no cost and no obligation.
Ready to Get Started?
Let our family help yours. Call us at 561-207-8082 or apply online today.