Searching for the best local mortgage professionals here in Austin? In Austin's current "Seller's Market", it is important to work with a local mortgage professional who can offer a great interest rate and loan terms for your home mortgage. Most home sellers will consider the buyer's choice of lenders before offer acceptance. Many buyers have lost out on offer acceptance because of this. Your lender should be readily available to you and have a proven track record of closing their deals and doing so "on time" per the terms spelled out in the contract. Some lenders are better specialized with certain types of mortgage options over others. Please contact me for specific recommendations suited to your specific situation and goals.
1) Pre-qualification is is a good test to see if you can purchase. It will inform you of your true buying power. The lender will ask you for details about your income and your assets. They will also run a credit check. There is no charge for this service. This usually takes only a few hours or days. Once you have your pre-qualification in hand, we can shop for homes in person.
2) Although there is considerably more to achieving actual final loan approval, pre-qualification is a great test and is looked at by Sellers as a good indicator of your ability to buy.
3) Be aware, in our strong Seller's Market here in Austin, you can be sure that Sellers will not accept an offer to purchase their home without, at minimum, a pre-qualification letter. If you are truly ready to own a home here in Austin, this is an absolute necessity.
Here are my tried-and-true top local lender recommendations: