Preapproval | The Workshop Team

READY TO BEGIN YOUR HOUSE HUNT?

Pre-approval…

Before you get out there shopping, we want to be sure your loan is pre-approved. After all, you want to be prepared when you find the perfect home. A pre-approval is a great tool — it helps your Realtor present a the strongest possible offer on your behalf. It is your lender’s written statement that you qualify for financing. This is more than just a nice confidence booster. The seller of that home you love wants to be sure that you are qualified and can close before they accept your offer. And if you are competing with other buyers, presenting a pre-approval letter with your offer is especially critical.

When should you apply? Imagine you see a house you really like in, say, 30 or 60 days. Will you want to make an offer? Yes? Maybe, even? If so, it’s time to get pre-approved.

Applying for a loan

Applying for your loan is simple. We already did all of the hard work—gathering information and sorting through loan options. Now you can just let us know which loan you want to pursue and we’ll get right to work. We’ll let you know the next steps required to secure pre-approval for your chosen loan.

Also worth noting!

Nothing on your application for pre-approval is binding or final. A pre-approval simply means we are willing to lend to you under the specified terms and conditions. You are not, however, obligated to take us up on this offer and you can request changes to any of the terms before you close.

Guaranteed Rate’s digital application process is easy and (relatively) painless.

Apply Now...

How much is enough?

The all-important budget

We want you to love your home. That’s pretty tough to do if you’re struggling to make ends meet because you spent beyond your means. So, please, make sure you set a budget and stick to it. And if you’d like a referral to a financial planner for some help with this end of things, just ask. We know some good ones.

On paper it’s okay to stretch

There, however, one (and only one) time we recommend going for broke—and that’s when you apply for pre-approval. Getting pre-approved is about covering your bases. It’s just numbers on paper, and not what you’ll really be borrowing. Unless you are worried about being tempted to overspend, we suggest getting pre-approved for the most expensive home you’d look at (even on a lark) and the least you would consider putting down. That way, we’ll be able to write a pre-approval letter, on a moment’s notice, to go with any offer you could possibly write, up to the limit for which you are pre-approved.

I can’t thank Guaranteed Rate enough! Everyone always talks about what a headache it is to buy a house but due to such a competent and efficient team, the process was a breeze. I can’t thank Guaranteed Rate enough! –Cristina N.

Great team! Thank you so much for all you did to help us through the process! I can't believe it's been a year already, we love being home owners, thank you again!
–Nicole F.

The process was a breeze! I couldn’t possibly have asked for anything more. The communication and the guidance was top notch! I can’t thank Guaranteed Rate enough!
–Cristina N.

Hands-down the best! Julee is hands-down the best in the business. I would never work with or recommend anyone else.
–Amy W.

Communicative & patient... Very communicative, patient, and understanding of our 'first time homebuyer' questions and concerns — the team worked efficiently and quickly — we had no delays of any kind.
–Tim W.

Quick and painless... Thank you to everyone for making this quick and painless! I love knowing that I have such a responsive and helpful team on my side during these hectic moments.
–Elissa P.

The best in the biz... Julee has been my loan officer for 20 years. She has also worked with various members of my family, and 90 percent of my buyers over my 15 year period as a Real Estate Broker. She and her team are the best in the biz!
–Ken C.

Responsive, efficient, effective... The whole team was very professional, responsive, efficient, effective, and courteous. Dealing with Guaranteed Rate was a very pleasant experience. I would do it all again.
–Dan N.

Outstanding... Thank you very much. You and your team did an outstanding job and were very impressive every step of the way.
–Matt T.

Very responsive! Everyone who worked on my loan was very responsive and great to work with! Much better than the bigger lenders that I have worked with in the past.
–Lisa R.

Kind and approachable... The team was a pleasure to work with. With this being my first mortgage, I was a little intimidated at first, but the team super was super kind and approachable, and I felt fully informed every step of the way. Thanks!
–Gustav H.

I really appreciated the time spent... I really appreciated the time spent with me and my co-investor on the phone, walking us through the mechanics of the process.
–Sara K.

Informative & Helpful... Thanks! We found the call to be very informative and helpful to our decision making process.
–Amy & Nick

Amazed & impressed... Thank you so much for the part each of you played in making Maddie and Andrew’s first home-buying experience completely uneventful. The team & process at Guaranteed Rate continue to amaze and impress me!
–Laurel P.

Great team! Great team of people that help from start to finish! Coming from a different state it was invaluable to have local knowledge behind me for my home purchase. This type of service is what makes Guaranteed Rate Great!
–Gigi M.

Experience working with investors... Julee is top notch. It's obvious that she has a lot of experience working with investors. We really leaned on her for answers and advice, and she delivered quickly and thoroughly. Looking forward to working with her and the rest of the Guaranteed Rate crew for our next purchase.
–Jacob S.