Home Loans In Little Rock, Arkansas

Welcome to Capital Home Mortgage Little Rock. Located along the south bank of the Arkansas River, Little Rock is the most populous city in Arkansas. The bustling capital city is a hub of economic activities and popular attractions, including the famous William J. Clinton Presidential Library and Museum. 

According to Forbes, the city’s real estate market is getting hotter, especially as more working-class families and millennials move south in search of affordable housing. Are you one of them? 

Capital Home Mortgage Little Rock is your trusted partner on the road to homeownership. If like most people, you need a home loan to finance your home purchase in Little Rock, AR, we can help. First things first, you’ll need to get pre-approved for a mortgage. 

Steps To Getting Your Mortgage Pre-Approval

1. Know When To Get Pre-approved

The best time to get pre-approved for a home loan is right before you begin home hunting. This way, you already know how much mortgage you can expect to take out, which helps narrow your focus on home options within your current financial capacity. More importantly, it shows agents and home sellers that you’re a serious buyer. 

2. Gather The Necessary Documents 

Getting pre-approved is essentially like filing a mortgage application. This means that the lender will need to review your finances thoroughly. Be prepared to provide relevant documents, such as:

• Identification
• Pay stubs
• Bank statements
• Social Security number
• W-2 statements
• Benefits Letter (if applicable)
• Final Divorce Decree (if applicable)

3. Monitor And Check Your Credit 

Mortgage pre-approval usually involves the lender making a hard inquiry into your credit. They’ll look at your credit history, credit score, and other relevant details to see how well you have managed credit in the past. 

After reviewing all the documents, the lender will check your credit then decide if you are a credit-worthy borrower and whether you’ve been pre-approved. The pre-approval letter will also contain detail regarding what types of loans you may be approved for, as well as the loan amount estimate. 

Remember that getting pre-approved is not a guarantee that the loan application will be approved. 

Important Note: Pre-Approval Doesn’t Last Forever

Getting pre-approved today doesn’t automatically mean you can use the same letter for house hunting six months from now. The expiration date varies from lender to lender, but in most cases, pre-approvals are only valid for 60 to 90 days. 

If you’re unable to find a suitable house for sale during that period, you’ll need to request a renewal from the lender. 

Little Rock, Arkansas Mortgage Lender

At Capital Home Mortgage Little Rock,  we understand that purchasing a home is the most significant decision that most people will make in their lifetime. That’s why we provide dedicated points of contact throughout the entire mortgage process to ensure a smooth, stress-free experience.

Capital Home Mortgage controls the lending process from start to finish as a direct Little Rock Mortgage Lender. Thanks to our in-house processing and underwriting, we can provide quick approvals and on-time closings on home loan applications. 

Find The Right Little Rock Home Loan For Your Needs

Capital Home Mortgage is a full-service Little Rock Mortgage Company providing a complete line of home loan programs along with excellent mortgage rates. Call us now at (501) 588-7399 to speak with our loan officers about your mortgage needs. 

Whether you are a first-time homebuyer looking to get an FHA Home Loan, active duty or retired veteran needing a VA Home Loan, or a seasoned buyer needing a Conventional Home Loan, we are here to help.  

Thank you for your interest in Capital Home Mortgage Little Rock, and we look forward to providing your new mortgage.