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Home Loans

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First Mortgage Pre-qualification

Pre-qualification vs. Pre-approval

Pre-qualification: When you are "pre-qualified" it means, based on the information given, you know from a loan officer how much you are qualified to borrow. Some information you provided may have been verified, but not always. In fact, for pre-qualification, you may not even have to fill out a loan application.

Pre-approval: When a borrower is "pre-approved" it means they have completed almost all of the loan process. Income, assets and liabilities have been checked and verified. The loan package has been reviewed and approved by an underwriter. With a true "pre-approval," the only items missing from the loan package are the appraisal, title work and any other applicable property documentation.

  • First Mortgage Pre-qualification Questionnaire (in Adobe PDF Format)
    To make financing your home with PFCCU even easier, you can complete this simple questionnaire. Just download, print, complete, and return it to us. As always, we're here to help if you have any questions; just call us at 1-800-864-5301.

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