What Is Pre-approval?

Getting approved for a loan prior to your home search is a smart move that offers several advantages. It gives you a benchmark for how much you can afford, helping you narrow down your home search from the start. It also allows you to be taken more seriously in the bidding stage, which can help tremendously in your negotiations, especially when dealing with distressed properties.

Getting preapproved is simply a matter of your lender checking your financial situation and writing a letter stating that it would be willing to lend you a certain amount of money.

You'll need to assemble several documents to start the preapproval process:


 

• Federal tax returns for the last two years.
• W2s (or 1099 statements) for the last two years.
• Bank statements for the last two months.
• Recent pay stubs and proof of any other income.
• Proof of assets (stocks, mutual funds).
• Information about your current debts.
• Information about the source of your down payment, including gifts.

TIP
Don't open new credit card accounts or take on any new debt for at least six months (and even up to a year) before shopping for a mortgage

Get In Touch

Local Expert Updates

Greg Sheeler

Cell: 712.330.1573

Liz Sandy

Cell: 712.330.1386

Brooke Jones

Cell: 641.420.2172

Charlie Leissler

Cell: 712.229.9809

Community Updates

Woody's Pizza

Estherville

Woodys Pizza is the oldest existing pizza restaurant in Northwest Iowa. In 1961, Woody and Mae Condon started their first restaurant in Estherville, with four tables, an eight seat counter and carry-out service. There was no alcohol served. It became a gathering place for the young people of Estherville.
In 1980 they sold their restaurant to their son, Anthony, he and his family operated Woody's for over 30 years. On Jan. 1, 2018, Dave and Tasha Welch of Estherville are the new owners.
Now, Dave & Tasha are thrilled to be taking the reins to continue not only bringing you great tasting pizza with the original famous recipe, but to bring you excellent service as a family-run business Estherville can be proud of.
Dine in or Call 712-362-5610 for Carry Out and Delivery!

Woody's Pizza in Estherville

Erpelding, Voigt & Co., L.L.P.

Okoboji

For more than 45 years, we have been providing tax preparation, business planning, financial reporting services and personal financial planning. Founded in 1974, Erpelding, Voigt & Co., LLP has grown to encompass more than 49 professional associates and staff in five locations. As a progressive accounting firm employing the latest technologies, we have developed a reputation for professional excellence through the consistent high quality services we provide. We bring a wealth of knowledge and value to each of our clients.

Erpelding, Voigt & Co., L.L.P. in Okoboji

Wild Child

Spirit Lake

Wild Child, which features stylish clothing, accessories and awesome toys for children and newborns, is all about quality clothing and toys. Wild Child is the "go to" store for people with all budgets, and offers styles that cannot be found anywhere else, and strives to offer unique apparel and toys that are fun, functional and educational.

Wild Child in Spirit Lake

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