Pre-Approval Simulator
Are You Ready for Pre-Approval?
Before a bank gives you a mortgage, they check 6 things about your financial situation. This is called “pre-approval” — and walking in unprepared can delay your home purchase by months.
What this tool does: Lets you rate yourself on each of the 6 factors banks check — income documentation, job history, credit score, savings, debt level, and where your down payment money comes from. You’ll get an instant assessment: Ready, Almost Ready, or Not Yet.
Plus a document checklist: Banks ask for specific paperwork — tax returns, pay stubs, bank statements, and more. Check off each item as you gather it so nothing is missing when you apply.
Why do this first? Getting pre-approved is the very first step in actually buying a home. Sellers won’t take you seriously without a pre-approval letter. This tool makes sure you’re ready before you call.
1.Income Documentation
2.Employment History
3.Credit Score
4.Down Payment & Reserves
5.Debt-to-Income Ratio
Not sure of your DTI? Calculate it here →
6.Down Payment Source
Document Checklist
Gather these before you call a lender. Having them ready cuts weeks off your timeline.
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Save your results
Get a copy of your pre-approval results — no account needed.
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This simulator helps you prepare for the pre-approval process. Only a licensed lender can issue a pre-approval or guarantee loan eligibility.