| Pre-Qualification | Chase Homebuyer AdvantageSM | |
|---|---|---|
| Benefits | See how much you can borrow
Affordability indicator Quick response Strengthens purchase power |
Get a head start on mortgage approval process
Shop with confidence Reliable conditional approval for agent Obtain credit approvals Obtain income & asset approvals More powerful negotiation tool Underwriter review Quickest closing |
| When to consider | Thinking about buying | Actively searching for property Need or already using a real estate agent |
| What you provide | Basic information on income and assets Authorization to pull credit (Social Security number required) |
Completed mortgage application Authorization to pull credit (Social Security number required) |
| What you receive | Shows estimate of your maximum loan amount* | Provides conditional approval of loan amount Complete underwriter review available on request. Conditional approval letter Estimated rate and loan amount |
| Application Fee | N/a | Processed when contract submitted |
| Expiration Period | 90 days | 90 days - Extension can be requested |
| Next Steps in Approval | Complete the mortgage application Submit income & asset documents Underwriter review Submit property information Purchase contract Appraisal & title |
Submit property information Purchase contract Appraisal & title |