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Welcome to the BeSmartee blog. Enjoy a wide selection of articles related to mortgages, the industry, and real estate.

How to Get Pre-Qualified Online for a Home Loan

By Vince Work · Mar 27, 2016 · Mortgage

How to Get Pre-Qualified Online for a Home Loan

Image courtesy of besmartee, funder

Do you need to get pre-qualified for a home loan? Read this article to learn how.

Getting pre-qualified for a home loan is usually the first step in the home buying process. Most real estate agents prefer to do business with home buyers that have been pre-qualified first.

A pre-qualification means:

  • You know what you can afford in terms of a home price.
  • You have the down payment available for a home loan.
  • A mortgage lender has qualified you as potential borrower based on a set of basic criteria you have provided them.

Obviously, if you plan on purchasing your home in cash (meaning there is no need for you to get a home loan), then you're automatically pre-qualified. You may want to double-check that you have enough funds available to pay for closing costs and other extra home buying expenses.

Getting pre-qualified isn't a difficult process. As a matter of fact, you can get pre-qualified right now using BeSmartee. Just follow these steps:

1. Go to the BeSmartee Home Page


fill out your pre-qualification information

At the top of our home page is where you can start the pre-qualification process. You can use the tab key to quickly move through each field.

2. Enter Your Borrowing Requirement Information


filled out pre-qualification information

Chances are you know what city you want to purchase your home in. You'll also need to know your down payment amount and current credit score. If you're unaware of your credit score, then you can run your credit score at creditkarma or credit.com.

3. Select "More Options"


pre-qual more options

These options are important for making sure your pre-qualification is accurate. You'll have to click on the "More Options" link to reveal the final required fields.

4. If Any Results Are Returned - Then You're Pre-Qualified!


125 home loan pre-qualification results

BeSmartee has very stringent borrower requirements. Assuming you have entered accurate information, the results shown have passed our pre-qualification filters. If you're a real estate or financial planning professional, you may want to use BeSmartee as your pre-qualification engine from now on. Feel free to bookmark this page!

You can print out this page as a form of proof of your pre-qualification. If your real estate agent has any questions about our service, we're more than happy to speak with them. They can contact us through our contact form.

As of 3/15/2016, our marketplace is only open to home loans for California properties. Our marketplace will open up to the rest of the U.S. shortly.

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