Getting preapproved with Nutter is one of the smartest moves you can make in the home buying process. We’ll determine exactly what you can afford and take the stress of getting a home loan out of the equation - and it’s free!
Don’t waste your time shopping outside your budget. Nutter’s Preapproval process is a credit driven, fully documented review of your financial situation. We can usually give you an answer within 24 hours.
As a buyer competing in today’s competitive housing market, a Nutter Preapproval places you in a strong position and will show sellers that you’re a serious buyer who won’t run into financing problems. You’ll be able to move quickly when you want to make an offer and since it won’t be contingent on obtaining financing, this can save everyone time.
Already made an offer on a home?
No problem. We’ll jump in and get your loan completed in a timely manner.
Interest rates fluctuate frequently so with a Nutter Preapproval, we’ll lock in your rate to protect you from rising interest rates. A rate lock, also known as a rate commitment, is our assurance to you that the interest rate is guaranteed until your Preapproval Letter expires.
Your preapproval letter will expire after 90 days. However, if you haven’t found your dream home or made an offer within those 90 days, just give us a call to renew it!
Even if you’re a first-time home buyer, our preapproval will speed your application through the process. Plus, our underwriting and processing is done in-house, so you can close on time. It’s that quick and easy.
Your preapproval will be contingent on an approved title, satisfactory appraisal, and no changes in your financial standing.
A preapproval is a thorough look at your finances, including credit history, income, employment, assets and debt, and determines exactly what you can afford. A prequalification is an estimate of how much a borrower could (roughly) qualify for. Don’t be fooled by other lenders who offer to “prequalify” you in minutes without having an underwriter review your information. Learn more about Preapprovals versus Prequalifications.
A preapproval letter is a conditional commitment in writing for an exact loan amount and an interest rate as well. Once you’re preapproved, our Underwriters will provide you with your Nutter Preapproval Letter for you to share with your realtor, so they know exactly what you can afford and to any sellers, so they know you’re a serious buyer. Plus, getting preapproved with Nutter doesn’t cost you a dime and we can usually give you an answer within 24 hours.
No. Getting preapproved does not mean you are obligated to get a mortgage with us or anyone else.
Yes. Your preapproval letter will expire after 90 days. However, if you haven’t found your dream home or made an offer within those 90 days, just give us a call 1-800-875-7334 to renew it!