You are moving to Grand Junction? – Getting Pre-Qualified Before you move.

If you have been considering moving to Grand Junction because you have heard it’s known as the hub of Colorado’s wine country. Or even read that the Western Slope offers river access, lakes, biking trails, wildlife, or even the Colorado National Monument park’s red sandstone monoliths and canyons. Getting Pre-Qualified is a must in our competitive real estate market.

What is mortgage prequalification?

Prequalification is an early step in your homebuying journey. When you prequalify for a home loan with Elite Group Mortgage, you’re getting an estimate of what you might be able to borrow based on the information you provide about your finances and a credit check.

Prequalification is also an opportunity to learn about different mortgage options and work with an Elite Group Mortgage Loan Officer to identify the right fit for your needs and goals.

What is mortgage pre-approval?

Preapproval is as close as you can get to confirming your creditworthiness without having a purchase contract. You’ll work with an Elite Group Mortgage Loan Officer to complete a mortgage application, and we’ll be sure to verify the information you provide. We also perform a credit check. If you’re preapproved, you’ll receive a preapproval letter and an offer (but not a commitment) to lend you a specific amount, which is good for 90 days.

Which is right for me?

First-time homebuyers are more likely to find that getting prequalified is helpful, especially when establishing their homebuying budget and wanting an idea of how much they might be able to borrow.

Preapproval can be extremely valuable when making an offer on the house, especially in Grand Junction and many other Colorado competitive markets where you want to stand out among other potential buyers. Again, a seller will be more likely to consider you a serious buyer because you have had your finances and creditworthiness verified with Elite Group Mortgage



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Get a $650 Lender Credit Today

We would love to give you a free financial review. We offer a $650 Lender credit to anyone who qualifies to complete this form. There is no commitment when you get Pre-Qualified, and we will need more information to pull credit when you are ready.

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Other Blogs and FAQs

Want to Learn More?

Check out some of our other blogs and FAQ pages to get more knowledge from the Elite Group Mortgage Team.

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