Buy the home you want with a lender you trust

Let us help you find the right mortgage for you.

Customer Service

Communicate Your Way

Communicate Your Way

Reach your Loan Officer via phone, text, email – however, whenever you need

Single Point of Contact

Single Point of Contact

Your Loan Officer will guide you through the entire process from start to finish

People Focused

People Focused

No frustrating automated phone systems. Talk to a real person every time you call.

Quick Turn Time

Quick Turn Time

Our 20-Day Clear gets your loan from application to the closing team in 20 days.

Fairway Family Grass

Fairway Mortgage Home Loans - Hampton Roads

Top Local Online Mortgage Loan Officer (Lender) at Fairway Mortgage Home Loans who assist with pre approval process through the entire home loan purchase experience.



Mortgage Pre Approval

What is a mortgage pre approval and does this matter?

A loan pre approval is a letter from a creditor signaling how much of a mortgage loan you can qualify for, issued after the creditor has assessed your financial history, such as pulling your credit report and your score. With a pre approval letter, you will find a house you can really afford purchasing, while showing you are a serious buyer. A mortgage pre approval letter can place you head and shoulders over other buyers who can be interested in the exact same home as you. Getting pre approved will assist you in finding a mortgage lender who will work with you to find a mortgage loan with the interest rate along with other conditions suited to your requirements.

 

 

Discover more about getting pre approved for a home loan

What’s the distinction between pre qualification and preapproval?

A pre qualification is like an audition, though a pre approval is a dress rehearsal for a real loan application. Without digging too deep into the financial particulars, with a mortgage pre qualification a creditor can provide you estimate of how much home you will probably qualify for and a few preliminary loan terms. We estimate your credit rating and provide a few details, including the purchase price of your home you would love to purchase, your down payment, your monthly debts and the way you would like to structure your loan.

With a pre approval, on the other hand, is a complete application. The creditor pulls your credit report and your score also sets an offer in writing to provide you with a loan at a given interest rate. Even with a mortgage pre approval, your loan has to undergo underwriting, a last phase due diligence process before granting a loan, after you have a home under contract.


Compare current mortgage prices
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The more creditors you check when shopping for mortgage rates, the more likely you’re to receive a lower interest rate. Getting a lower interest rate can save you tens of thousands of dollars within a year of mortgage payments, and tens of thousand of dollars during the life span of the mortgage.

With Millenari Mortgage Group Mortgage’s easy to usage mortgage rate tool, you can compare current mortgage loan rates of interest, whether you are a first time homebuyer looking at 30 year fixed mortgage rates or even a longtime homeowner comparing refinance mortgage prices.

Find personalized mortgage prices

Millenari Mortgage Group Mortgage’s mortgage rate tool is able to assist you in finding competitive mortgage prices. Specify the property’s Zip code and then indicate whether you are buying or refinancing. After clicking on Get Started, you will be asked the home’s cost or the value, the size of the down payment or present loan balance, along with the assortment of your credit score. You will be on your way to getting a personalized rate quote, without providing personal information. From there, you can initiate the process to get preapproved for your mortgage. It is that easy.