Sierra Pacific Mortgage is Pre-Underwriting Buyers

The two phrases used very loosely in the mortgage business are “pre-qualified” and “pre-approved”.   Pre-qualified meaning an interview has been done with the potential homebuyer and based on the conversation a dollar amount and loan type are established for the buyer.  Pre-approval takes the process one step further and verifies income, asset, and credit document to verify their accurateness. These statements alone usually mean little, because they are (or should be) accompanied by the phrase “subject to underwriting approval”.  They are only backed by the reputation of the loan officer that offered them. 

Sierra Pacific Mortgage is changing this loose practice of merely stating that a potential homebuyer is qualified by providing an underwritten approval prior to a buyer making an offer on a home.  As an underwritten buyer, a home purchaser can now offer with confidence knowing that they have certainty on the loan piece of the transaction.  Agents also recognize the value of having a pre-underwritten buyer in a competitive marketplace.  Anything that can make a homebuyer’s offer standout in the eyes of the listing agent and seller should be taken advantage of in a multiple offer scenario.  

Call the Easterbrook Team in Folsom to start the pre-underwriting process. Not only are we “Making the Process Easy”, we are creating certainty in homebuying.

916.850.6050  EasterbrookTeam@spmc.com