General overview

A pre-qualification will give you a general idea of the mortgage loan amount you qualify for. It is an excellent tool for someone in the preliminary stage of taking action such as first time home buyers and those thinking about "moving-up". It's easy and quick to get pre-qualified.

A pre-qualification is based on your income, credit, total debt ratio (total long term debt compared to the value of what the loans are for). For those considering a refinance or home equity loan the value of the property is also a factor.

You will get an educated assessment of the loan amount you will likely qualify for from your loan officer. Sauk Valley Bank offers a free, no-obligation consultation in person or by phone with a lending expert.