Elena Schmidt
LICENSED REALTOR®
Connect

But 1st, get pre-approved!

Be Ready to Make an Offer

Get pre-approved for a loan first so you can be ready to make an offer when you find a home you love.

Pre-qualified vs Pre-approved

Pre-Qualified

In order to be pre-qualified, a lender may or may not check your credit score and won't require documentation, only going off what you tell them. This will give you an idea of what you could qualify for, but when you're serious about buying, you'll need to get pre-approved.

Pre-Approved

To be pre-approved, the lender will pull your credit and ask you for documentation to verify your finances. Before making an offer on a house, it is best to get pre-approved to show sellers your offer is serious and that a lender has already approved you for enough money to purchase the home.

Loan application checklist

Income documents

  • Federal tax returns: last 2 years
  • Pay stubs: last 2 months
  • Any additional income documentation: pension, retirement, child support, Social Security/disability income award letters, etc


Asset documents

  • Bank statements: 2 most recent checking and savings account statements


Other documents

  • Copy of driver's license or ID and Social Security card
  • Addresses for the past 2-5 years and landlord's contact info if applicable
  • Student loan statements: showing current and future payment amounts
  • Documents relating to any of the following if applicable: divorce, bankruptcy, collections, judgements or pending lawsuits
Powered by myRealPage.com
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.