Getting pre-approved starts with finding a legitimate, reputable lender – a step that’s easy to rush past but worth doing carefully.
What makes a lender legitimate
Look for a lender licensed in Florida through the Nationwide Multistate Licensing System (NMLS) – you can verify any loan officer’s license number on NMLS Consumer Access. Established local banks, credit unions, and well-reviewed mortgage companies are all good starting points.
Watch for red flags
Be cautious of lenders who guarantee approval before reviewing your financial information, pressure you to sign quickly, or can’t clearly explain their fees and rate in writing.
Getting pre-approved
A legitimate lender will review your income, assets, debts, and credit before issuing a pre-approval letter – a process that typically takes a few days once you’ve submitted your documentation.
Compare more than one
Getting quotes from two or three lenders, ideally within the same 14-45 day window, allows you to shop rates without multiple credit inquiries significantly affecting your score.
Need a referral to a trusted local lender? Call Dockside Realty at 850.225.9785 or email christine@docksiderealtyinc.com.