We have special Pre-approval Programs that allow you to assess how much house you can afford, as well as get you the information and conditional approval you will need to purchase a house. Even before you have a property picked out! Our process is quick, accurate, and free. Pre-approval means that you have successfully qualified for the loan for which you applied prior to having a property picked out. Having an approved loan application means you can begin the closing process on the house. You will receive a formal letter of approval, commonly called a commitment letter, that guarantees in writing that they will lend you a specific loan amount conditionally based on an agreed Loan to Value and Property Appraisal. It also details the conditions of the loan.