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Porter Realty, Inc.Porter Realty, Inc.

Preston Porter

503 Main St, Alamosa, CO 81101
office@porterrealty.com
(719) 589-5899
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Getting Prequalified

What does pre-qualification mean? Why should you get prequalified? Can’t you just see a house without talking to a lender first? Where can you get prequalified? 

Houses are coming on the market and going under contract in a day or two so being prequalified puts you in the game.  The pre-qualification process is a critical first step in the progression of purchasing a home. To us, as Realtors, the pre-qualification process validates our client’s commitment to our partnership, igniting our trust within the purchasing process.

What does pre-qualification mean?

Being pre-qualified means that you have talked to a lender or multiple lenders and given them basic information about your financials that they use to determine how much home you can afford. The lender goes over different types of loans they have that you can qualify for and what best fits your needs. In some cases, you may find out you aren’t quite ready and they can give you some advice to get there.

Why should you get prequalified? 

Budgeting and seller expectations.  It helps take the pressure off of trying to figure out your budget and how much house you will be able to afford.  Most sellers won’t even consider an offer that doesn’t have a pre-qualification letter attached to it they expect to see one.

Can’t you just see a house without talking to a lender first?  

Technically, yes. However, if you aren’t prequalified you won’t know how much house you can afford.  What if you find the perfect house, in the perfect location but after you leave the showing and finally get an appointment with a busy lender the home sells out from underneath you?  Or worse yet, you find out you don’t actually qualify for that price range?  The best thing to do before starting a home search is to get prequalified. It doesn’t take much time and can make all the difference in the home-buying journey. 

A few local lenders we enjoy working with are: San Luis Valley Federal Bank, Rio Grande Savings and Loan, and Total Lending Concepts.

 

Call us today if you have questions about getting prequalified or if you are ready to buy a home! 

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About Us

Since 1991 Porter Realty, Inc. has been known for its extraordinary results and trust our clients have in us. In the beautiful town of Alamosa, Colorado we help those local to our community, as well as those looking for a new adventure to find their perfect home. For more than 20 years, Porter Realty has provided our clients, family, and friends with excellent service, expert advice, and exceptional results. Alamosa is more than just a real estate market for us, it is our home. We go above and beyond for our clients because you are our neighbors and members of our community.

Our Communities

  • Alamosa Commercial
  • Alamosa Homes
  • Farm & Ranch
  • Conejos Canyon
  • Monte Vista

Contact Us

503 Main St, Alamosa, CO 81101

office@PorterRealty.com
719-589-5899

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