For serious homebuyers, the first step in buying a house is getting pre-approved for a home loan. A mortgage pre-approval letter from a certified lender provides an estimate of the loan amount, interest rate, and monthly payments you qualify for based on a review of your credit score and overall financial health. By showing sellers you are serious about purchasing their property, getting pre-approved can help your home offer stand out in the competitive Portland housing market.
Get Pre-Approved with Golden Oak
Golden Oak Lending is a certified mortgage lender that can help you get pre-approved to purchase your new Oregon home. Our mortgage experts understand that in the competitive housing market, any advantage over the competition can be the deciding in securing your new property, so our Portland team works hard to quickly process your application and provide you with the best estimates you qualify for. If you are ready to purchase your Oregon home, schedule a free pre-approval consultation today!
At Golden Oak Lending, from the underwriting to the closing, all of our processes are done in-house. An experienced Personal Loan Officer will be your advocate for getting you the assistance you need at the lowest possible rate. Your Personal Loan Officer is your sole point of contact for the entire process, so there is no need to retell your story multiple times to different individuals. You have the benefit of an experienced and qualified professional who will guide you through the process of finding and qualifying for the right loan that meets your specific needs.
Golden Oak Lending Oregon
Phone: (503) 455-4653
Hours of Operation
Monday - Thursday 8:30 am - 5:30 pm
Friday 8:30 am - 5:00 pm
License #L-202524
Advantages of Getting Pre-Approved for a Home Loan
- Make a Stronger Offer When you make an offer on a home, a pre-approval letter from a certified mortgage lender shows you are financially capable of purchasing their home. For homes with multiple offers, houses with highly motivated sellers, or in competitive housing markets, a pre-approval letter will make your bid more attractive and give you an edge over the competition.
- Determine Your Price Range When you get pre-approved, a certified mortgage lender will determine the price range of houses you can afford, allowing you to establish your budget accordingly. Because pre-approval requires many of the same financial information as a mortgage application, you can accurately set your home search parameters based on how much your lender is willing to offer you. This ensures you do not waster your time looking at homes out of your price range.
- Correct Issues with Your Application Even if you have a reasonable debt-to-income ratio and pay your bills on time, you may still have credit issues or unexpected problems with your application that prevent you from securing the mortgage you need. With pre-approval, a certified mortgage lender will help identify any potential issues with your mortgage application, giving you time to improve your financial situation and place yourself in a more competitive buying position.
- Quicker Closing Most of your financial information is verified by a certified mortgage lender early in the mortgage pre-approval process. This means that you can close on your home quicker and easier to move into your new house as soon as possible.
Contact Us Today and See How We Can Save You Money!
Conventional Home Loans
"I can cover a down payment and am looking for a fixed rate mortgage loan."
Mortgage Refinancing
"I currently own a home but would like to refinance my loan to improve my interest rate or adjust my mortgage terms."
Cash-Out Loans
"I currently own a home that has equity and would like to get cash out for updating my home or consolidating higher interest debt. (like credit cards)."
FHA Loans
"I am interested in putting the minimum payment down on a home."
Get Pre-Approved
"I am looking to purchase a home and would like to shop with confidence based upon what I can afford."
VA Loans
"I am currently serving or have served in the U.S. military and wish to purchase a home with flexibility on down payment, mortgage insurance and credit score."
Jumbo Loans
"I have excellent credit and am looking for a home loan option to help acquire a larger, more expensive home."
USDA Loans
"I am looking to purchase a home in a rural area."
Home Equity Loan
"I have equity in my current home and would like to use its equity for larger purchases, home renovations or paying down higher interest debt."
New Home Loans
"I would like to purchase a new home and would like to learn about my borrowing options."
