Pre-qualification / Pre-approval

How much can I afford?
This is the most common question asked by first time home buyers. We recommend that the first step, when you decide to look for a home, is to get pre-qualified or pre-approved. It's always a good idea to obtain this advantage prior to making an offer to purchase. By doing so, you'll benefit from the peace of mind that comes with knowing that you qualify for your purchase, and what your new housing payment will be. You'll also have time to get comfortable with your new housing payment before you start to look!

Pre-qualification
Pre-qualification is an affordability calculation based on your income and debt. This will give you the price range to shop within. A pre-qualification is based solely on the information you provide.

Pre-approval
Pre-approval is a more in-depth process where we verify your current income, debt, credit history, and down payment funds. A pre-approval results in a firm loan commitment from Ozaukee Bank.

With a pre-qualification or pre-approval from Ozaukee Bank, you'll have the confidence and security that mortgage funds will be available when you find the right home.

Find out why we're Ozaukee County's leading mortgage lender. Contact the Mortgage Team member closest to you to start your free pre-approval process now.

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