Buyers who are interested in touring a home but not ready to purchase a home should use a pre-qualification letter to get started.


This is a brief notice to all of our Texas clients that many lenders are now requiring a Disaster Certificate before they will fund a loan.  This usually entails another interior inspection by an appraiser – to certify that properties are free of storm-related damage on a Form 1004D.


We have touted our JVM Lending Certified® Pre-Approvals for over a decade now, and we are delighted to say that they are now more sought after than ever.

Full pre-approvals, however, require many hours of effort, as we go through every document with a fine-toothed comb to make sure no issues arise once borrowers are in contract (we want to make sure our pre-approvals are deemed “as good as cash” at all times). More complex jumbo loan pre-approvals may require multiple third-party verifications from employers and landlords, which can add even more time to the process.

Our problem is this: B/c of our success and b/c of the hot housing market, we will sometimes get far more requests for pre-approvals than we have manpower to pre-approve in a single day.

This is b/c our pre-approval team not only has to do all of that pre-approval work, they also need to cater to our hundreds of other previously pre-approved borrowers who are coming back for updated letters, questions, new scenarios, requests to call agents, and much more.


In order to provide better service for agents and borrowers alike, we are delineating our borrowers into two categories: (1) Offering Now; and (2) Just Looking.

We will still happily do full pre-approvals for clients who want to make offers now, as we know that no offer will be accepted with anything less than an airtight pre-approval in this market.

For clients with longer buying time-frames, however, we are offering Pre-Qualification Letters that are based primarily on the client’s data input and a credit pull.

These Pre-Qualification Letters serve two purposes for clients: (1) they give clients a sense of what they qualify for right away; and (2) they provide clients with a letter they can use to view houses in a matter of hours.

This is in contrast to our full pre-approvals, which can take several days to complete on occasion if and when the queue gets long.

I want to make it clear though that as soon as any of our “pre-qualified” borrowers want to make offers and have provided all necessary documentation, we will readily and quickly convert their pre-qualification to a complete pre-approval.

And finally – this is what our Pre-Qualification Letter looks like:

Example of a Pre-Qualification Letter for a client who is ready to look at houses but not prepared to buy yet.

























Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167

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