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Get Pre-Approved

Does it Help to be Pre-Qualified by a Lender?

The pre-qualification process can be completed fairly quickly, based on less information than is required for getting pre-approved. While it is fast and it does help, a pre-qualification letter is an opinion from a lender of the maximum amount of real estate you can qualify for. In a competitive seller’s market, an offer from a buyer with a pre-qualification letter could lose out to a person who is pre-approved.

Get Pre-Approved by a Lender

There are several benefits to going the extra mile and getting a pre-approval letter. First of all, you will know exactly how much real estate you can afford. When you find a property you want to buy, your offer will be in a better positioned than someone less prepared. Finally, being pre-approved is more efficient; it reduces the amount of time it will take your lender to fund your loan. Be prepared to provide comprehensive documentation, which the lender may independently verify, including but not limited to:

  • Job and career status
  • Income
  • Monthly debt payments
  • Cash available
  • Total assets and debts
Banner real estate

Hello and Welcome from the partners and agents of Banner Real Estate! Our company has been serving the real estate needs of Shasta County and the surrounding area for over 40 years. We are a locally owned company with 15 partner owners and several sales agents with an average 20+ years of Real Estate experience. Banner Real Estate has a long-held reputation for providing knowledgeable and professional real estate services to its buyers and sellers. For the past several years our Company has had sales totaling over 60 million dollars annually.

Banner Real Estate is the local listing broker for all HUD HOMES for Northern Tehama, all of Shasta, and Trinity Counties. If you are buying or selling real estate in our area, one of our skilled real estate agents and brokers are always available to assist you. At Banner, we believe in "Excellence and Personal Services". So, come to the Castle, where you will be treated Like Royalty!!!

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