Online Instant Mortgage PreApproval | Get PreApproved Online
Same Day Pre-Approvals
Rates 1% Lower than Most Banks and Lenders – Low Rates. Low Fees. Fast Closings.
Get an Online Instant Mortgage Pre Approval with a 1% lower rate.
EquiFund’s, an equal housing lender, provides a mortgage app provides Online Instant Mortgage Pre-approvals with interest rates 1% lower than mortgage rates most lenders and banks guaranteed.
The mortgage app eliminates the high cost of paying loan originators. This cost savings is passed back to you in the form of a 1% lower rate home loan.
This app will determine how much home you can afford to purchase. You can also get an idea of how much the mortgage insurance will cost when applicable.
The app will identify the lowest rate and fee mortgage pre approval online and issue a preapproval letter for you in approximately 3 minutes. Using our online app only takes a few minutes to complete. This instant approval is necessary to start the home-buying process.
The mortgage preapproval letter will help you when shopping with real estate agents for a home. This preapproval letter will confirm your eligibility when buying a home with your real estate agent and home sellers.
Our mortgage app will generate both a mortgage prequalification that does not rely upon verification of income documents or a credit inquiry, and a verified mortgage preapproval that will use your credit report and your income and asset documents that you can upload to receive a verified pre-approval letter.
Learn the difference between a mortgage pre-approval vs mortgage prequalification.
How do I get the Best Online Mortgage Pre Approval and Loan?
In order to secure the best online mortgage preapproval to buy a home, home buyers should use a service that compares real mortgage options from multiple lenders than simultaneously issues a preapproval letter.
In just a few minutes app returns real loan offers with mortgage rates 1% below most banks and lenders offers. We guarantee to deliver the lowest rate and fee mortgage pre-approvals online.
This online app will identify the lender with the absolute lowest interest rate mortgage loans by using your credit history and score to immediately identify which mortgage lenders, or banks will provide the most savings for you while getting pre-approved.
The mortgage app also will function as a calculator, that will compute all monthly payment details like insurance premiums, property taxes, and provide you with the maximum mortgage amount that you are eligible to borrow.
This 1% lower mortgage interest rate is equal to approximately 10% more purchasing power on your next home for free compared to other loan offers. This is a huge savings.
The app will identify the lowest preapproved interest rate and fee loan from the Nation's best lenders in our marketplace guaranteed.</p
Benefits of using EquiFund’s Online Mortgage Pre-Approval 3-minute App
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Get Instant Online Mortgage Pre-Approvals
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Automatically emails letter of preapproval.
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Guarantees the lowest interest rate and fee home loans in marketplace.
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This app will save you more on your next home loan.
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Get 10% more buying power for free compared to most home loan offers!
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Online streamlined loan shopping, preapprovals and loan closing process
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EquiFund completes all the work from origination through funding.
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Non-Bias home loan lending that compares multiple lenders loan offers all in one user session.
How do I use this Online Mortgage Pre Approval Online app?
The mortgage app is very simple and quick to use. It works just like a common calculator. It will ask you basic information that you already know.
This online app is designed to simplify the process of finding the lowest cost loan and only takes a few minutes to answer questions and will automatically capture the best home loan in our marketplace for you.
The mortgage app is a loan pre-approval calculator that will preapprove applicants and provide real interest rates and closing cost loan option in under 3 minutes.
The app is fully transparent, and you will see all the lending terms and information like required cash to close, monthly payments, closing cost and more.
7 steps to use the online mortgage preapproval app?
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Click the Apply Now
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Answer all the questions like, annual income, credit score, purchase price, and down payment and monthly bills like auto loans, credit cards, and assets.
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Review your mortgage options and terms. The lowest rate fee loan determined by APR appears first in list of results.
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Select your preferred loan choice.
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Optional-upload financial documents.
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Schedule a call back time or call EquiFund Mortgage to review.
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Check email for mortgage pre-approval letter.
Once you provide this basic information, the app will process your file and verify eligibility and your instant online mortgage pre-approval will be generated immediately.
The online app will sort the list of pre-approved home loans based on your profile, with the very best being at the top of the list.
If you are ready to get preapproved, our online instant mortgage preapproval app is ready to help you secure your home financing needs.
Info displayed on the pre-approved loan option page:
The app will identify all eligible and preapproved loan programs by performing all necessary calculations to return a list of pre approved loan options. The app will show you all of the following items:
Online Pre-Approved Loan Option Results:
- Pre-approved Loan Amounts.
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Pre-Approved Purchase Price.
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loan to value based on down payment.
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Annual percentage rate.
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Debt-to-Income Ratio
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Monthly payment
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Closing costs
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Monthly mortgage insurance
What is the Online Mortgage Preapproval Process?
The home buying journey starts with finding the lowest interest rate and lowest closing cost loans that applicants are preapproved for.
The mortgage preapproval process has three components that are all inter-related and required to issue a reliable preapproval decision and a verified mortgage pre-approval letter.
1. Mortgage Pre-Qualification
The mortgage process starts with pre-qualifying, which means the lender or our online app will rely upon the information the applicant provides to determine eligibility, this is called a mortgage pre-qualification.
2. Mortgage Pre-Approval with Credit Report
The second step requires the authorization from the applicant to make a full tri-merged credit report inquiry. After completing the first step, mortgage pre-qualification, the applicant's credit history and credit score will be reviewed to verify that the credit ratings meet the loan programs underwriting guidelines.
3. Verified Home Loan Mortgage Pre-Approval
The third and final step, provides the most accurate loan pre-approval. The Verified Mortgage Pre-Approval process requires the home loan originator verifies all income documents, all asset documents, and a full review of the credit profile of the applicant to render a verified mortgage pre-approval letter.
Just 3 simple steps to find the best loan approval. To get preapproved, you can use our app in less than 3 minutes.
Should I apply with different mortgage lenders or use this online mortgage pre-approval platform?
No, applying with different home loan providers will require hours of unnecessary work and multiple credit pulls. In addition, to make a educated decision applicants will have to analyze each loan estimate to compare loan offers. EquiFund's app does all of this in under 3 minutes.
Use our online pre-approval platform that provides multiple preapproved home loan offers from the Nation's best providers. This platform will validate your mortgage pre-approval and identifies the lowest interest rate and fee loan in the marketplace.
This online mortgage pre-approval platform usually offers 1% lower interest rates compared to most all other home loan providers. That is equal to approximately 10% more purchasing power on your next home regardless of the loan product you select.
IMPORTANT: Unfortunately, most homeowners will stop loan shopping with the lender they obtain a mortgage preapproval with. This means, when they buy a house, they will most likely overpay by 10% of the price of the house.
How long is a mortgage pre-approval letter good for?
In general, credit verified preapproval letter will be valid for 60 days. If you have not found a home after 60 days you will need to re-apply for credit check preapproval.
You will most likely be re-approved if there are no major credit events during this time or loss of income.
In the event you exceed the 60 days, be prepared to update the required documents used for loan preapproval.
What not to do after getting preapproved for a home loan?
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Do not take out any additional lines of credit like auto loans, credit cards, personal loans.
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Continue to make all payments on time.
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Maintain adequate balances in the bank account with funds for down payment.
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Contact the lender before making any additional purchase using credit.
What are the online mortgage preapproval requirements?
The minimum factors for home loan prequalification and loan closing require a middle credit score of 580 or higher, a minimum of 3.5% down for non-veterans.
Veterans will qualify for 0% down payment and a minimum credit score of 580.
The loan amount and gross monthly income to get approved should be slightly more than double the total of all your monthly debt payments like: credit cards, student loans, personal loans, and auto loans.
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Employment Verification
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Income Verification
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Job History
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Debt-to-Income Analysis
What are the requirements for each loan program that are offered in this online mortgage preapproval app?
The app incorporates all the loan programs and products offered by Fannie Mae, Freddie Mac and Ginnie Mae. We also include all eligible first time homebuyers programs.
The online app uses the underwriting guidelines from multiple National lenders to verify eligibility and preapproval.
The app will provide both adjustable rate mortgages and fixed rate home loans for primary residences, investment properties and secondary residences.
While each lender may have different requirements and interest rates, our online system takes your credit profile and matches it to the best home loans and lending terms.
Below is a list of loan programs and products along with the credit score and down payment requirements.
Online Mortgage Loan Programs Minimum Credit Score Requirements
Online Home Loan Programs Minimum Down Payment Requirements
Each home loan program listed below have unique underwriting loan approval guidelines. One main factor to consider is how much money will be used as a down payment. The down payment determines the maximum Loan-To-Value allowed per loan program.
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FHA Loans: 3.5%
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VA Loans: 0%
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Conventional Loans: 3-5%
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Jumbo Loans: 10%
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Bank Statements Loans: 10%
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USDA Rural Loans: 0%
Once an applicant completes the online app, they will see how much house they can afford. Applicants can select their desired preapproved home loan option; the next step is to submit all requested documents to complete the underwriting process for final loan approval.
Are there any terms and conditions on a mortgage preapproval letter?
Yes a home loan preapproval is based upon the information your provided and the income and asset documentation you provide.
Most homebuyers understand that they should not make any changes to their monthly debts, income, savings, and continue to make monthly payments on time during the home buying process. Any changes to the credit report used to validate and verify a mortgage preapproval may require re-verification.
If you would like to get a mortgage preapproval letter, you can get preapproved right away by using our online app.
What information is needed for Online Mortgage Preapproval on this site?
Based on the mortgage preapproval checklist, you will only need to provide basic information like gross monthly income, estimated credit scores, estimated monthly bills you have, and a few other simple questions.
It only takes about 3 minutes and you will be provided with real home loan options. The results will surprise you.
The online preapproval app makes the simplifies the process of buying a home.
Information Needed for Online Mortgage Preapproval:
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Enter your credit score.
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Input your gross monthly income.
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Input any rental property income.
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Provide monthly bills like, credit cards, auto loans.
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Provide purchase price amount.
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Enter down payment amount.
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Enter your Homeowners Insurance Policy.
The pre approved home loan options displayed online will give you the lowest interest rate and fee loan guarantee, based upon your credit, income and terms of your loan request.
Based upon all the National lenders in our system, the app will identify the lowest rate and fee pre-approved online home loan.
When it comes to your finances, securing your loan amounts the lowest interest rate possible in with just one step, will give you a financial situation and the ability to safeguard your finances.
Required income and assets documentation to process a Verified Mortgage Preapproval
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Income Verification: 1 Months most recent pay-stubs
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Verification of Assets: Checking and Savings Account
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Last 2 years W-2 or Tax Returns
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Identification: Drivers License
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Credit score check for Verified Mortgage Pre-approvals
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Business tax returns
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Purchase contract
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Current mortgage statement
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Other financial information may be requested.
After reviewing the loan options and you select the preferred loan program like, FHA Loans, VA Loans, Conventional Mortgages or Jumbo Loans, the on-line, the next step in the mortgage application process is to upload documents that verify your income and assets.
Upon receipt of these documents a Home Loan Specialist will review each item and pull a tri-merged credit report to issue a credit, income and asset verified mortgage preapproval in less than 24 hours.
What documents will I receive after requesting a Verified Mortgage Preapproval?
After you submit all of the required documents, like income and assets, a home loan specialist will review each document to verify they satisfy the requirements per underwriting guidelines to meet your home financing needs.
After review of your submitted documents, a home loan officer will run an automated underwriting application using Fannie Mae or Freddie Mac desktop underwriter or loan prospector.
When the automated underwriting application returns a loan approval you will be provided with initial loan disclosures, like the Loan Estimate, Truth-In-Lending, Servicing Disclosure and Initial loan application.
Summary for getting an Online Mortgage Pre- Approval to purchase a home
EquiFund Mortgage provides a Digital Mortgage Platform, that makes the process of doing home financing for buying or refinancing a home very simple.
You can instantly get both a credit check, grade mortgage pre-approvals and verified mortgage pre-approvals, see the lowest rate loan offers from banks and lenders and never have to work with anyone else.
The non-bias mortgage app is designed to save you the most money.
EquiFund is a full service home loan provider for multiple home loan providers. You can verify our good standings at NMLS Consumer Access Online
The pre approved loan options you will see give you the lowest interest rate and fee loans guaranteed. Based upon all the National lenders in our system, our app will deliver the best pre approved home loan in the market.
Our online mortgage preapprovals and loan offers return interest rates 1% below most banks and lenders.
You can access our online pre approvals by clicking Mortgage PreApproval Online Application
If you are planning to buy a house, or complete a home refinance then using our online app will help you save money and time. If you are purchasing a home, and are in need of a down payment, and already own a home, consider using the home equity in the other property to qualify.
When you receive the mortgage pre-approval letter, be sure to read the details and terms and conditions.