Prequalify for a Mortgage
Is a new home in your future? A prequalification letter is the first step in your homebuying journey.
For a new home purchase or refinance when you sign up for automatic loan payments and eStatements. Offer ends May 30, 2025.1
Get your mortgage prequalification letter from a lender you can trust
After countless hours spent working with a realtor and/or scrolling through homes online, you’ve found a few intriguing listings. You’d like to take the next step. But how do you put your best foot forward—while smoothly navigating the process of purchasing a home? Whether you’re an experienced buyer or in the market for your first home, getting a prequalification letter is crucial. When you prequalify for a home loan, you’re getting an estimate of what you might be able to borrow based on information you provide about your finances.
In short, obtaining a “prequal” letter does two things at once:
- Helps you figure out how much borrowing power you have, and
- It shows sellers’ realtors—and their clients—that you’re a serious potential buyer.
Prequal letters are far from “one size fits all.” At First American Bank, we know that every homebuyer, and every homebuyer’s journey, is different. Determining the right terms and assessing a buyer’s borrowing potential requires careful consideration and benefits from a personal touch. Additionally, if you’re a first-time homebuyer, you probably have a lot of questions. Our mortgage professionals will explain the ins and outs of financing your home, review our current mortgage rates—and help you approach the buying process with confidence.
For something as personal as buying a home, you’ll want a personalized lending experience. First American Bank is a trusted prequalification partner for homebuyers who want to simplify the buying process, boost their negotiation power, and close on the property of their dreams.
Ready to make a move? It's easy. Apply for your free prequalification letter online today. Simply follow the onscreen instructions by starting a new application and selecting “Pre-qualification.” If you have any questions, contact an Illinois, Wisconsin or Florida mortgage loan officer near you.
To learn more about why you should get a prequal letter and how we can make the process easier for you, read this article in our Insights section.
Disclosures
Subject to credit approval. A mortgage prequalification letter is based on high-level financial information obtained from a credit report and does not guarantee a mortgage itself. Standard rates apply.
1Special Offer: $500 off your closing costs valid on first mortgage applications (including prequalifications) received between 3/14/25-5/30/25. Loan must close by 8/31/25. Only available on 1-4 family home. Only applies to Conventional, Jumbo, FHA, USDA, or VA loans. Not available for collateral properties located in Texas, New York, Alaska, or Hawaii. Prior to closing you must set up an Automatic Funds Transfer (AFT) or Automatic Clearing House (ACH) to make the monthly payment on your loan, and within the first statement cycle you must elect electronic statements (requirement only applies to Conventional and Jumbo loans). Closing costs include only those fees and charges required by First American Bank as a condition of obtaining a loan. Title fees, as part of the closing costs, will vary by county. May not be combined with other promotions. Please see a banker for details.
