Prequalification is an informal discussion between you and a Mortgage broker or Lender, whereby the Mortgage Broker can determine how much you will qualify in purchasing a home.

Before you start looking to buy a home, here’s an easy process to follow:

The initial step to obtaining a mortgage is to get a copy of your credit report.

A government recognized web site for credit reports is

Upon receipt of your credit report, be prepared to bring or send your Mortgage Broker the following documents:

The most recent 30 days’ worth of pay stubs, or year to date Profit & Loss, if self employed.

Last 2 year’s W2/1099 and tax returns.

Last 2 months or quarterly asset statements.

Your Mortgage Broker can then calculate your debt to income ratio, which will determine the maximum loan amount you will qualify for.

Also, you can get Approved if you haven’t decided on the home you’re wanting to buy.

We can Approve you on a “To Be Determined” property.

For more information, visit our website, (

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Lawhorn & Associates Mortgage Company

100 Jefferson Street, South Suite 100-B

Huntsville, Al 35801

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(256) 337-3700 (Cell)

(256) 539-0555 (Office)

(256) 539-0590 (Fax)