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For information on RTN Federal Credit Union home loans, or to apply for a mortgage or home equity,
please visit rtn.org or call 781-736-9859.
Preapprovals: Free, Fast and Simple!
In this competitive real estate market, home buyers need an advantage. A mortgage preapproval gives you that edge. You will know how much house you can afford, sellers and realtors will know you are a qualified buyer.
A preapproval lets buyers know the amount they can borrow based on credit, income and debt. It may give buyers the chance to fix any issues with their credit, or improve their credit score, so when they apply for a mortgage, they may receive a more favorable interest rate.
The best time to apply for your preapproval is before you begin your home search, even if buying a home is not in your near future. That way, whenever you find the right home, you will be in a strong position to purchase the property. And once you are ready to apply for a mortgage, its a simple step to turn your preapproval into a mortgage application.
RTN preapprovals are good for 90 days, but if you need more time, its easy to update your letter or status. You can receive a pre-approval on any home you plan to buy, whether its your first home, your dream residence or your vacation bungalow.
You'll need the following documentation:
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Current paystubs
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W-2 forms for the past two years or year-end paystubs (for overtime, bonuses and commissions)
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Tax returns for the past two years and all schedules if you are self-employed or have rental income
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Mortgage statements and homeowners insurance for any property you will continue to own
You can apply for your free mortgage preapproval online now or download a preapproval form.
Our Mortgage Specialists are available to answer your questions and concerns. Contact us at 781-736-9859 or mortgage@rtn.org.
You may also visit an RTN branch to meet with one of our Mortgage Consultants.
Preapproval
We offer special discounted-rate mortgages for first-time home buyers that can save you thousands of dollars. And our free seminars prepare you for home ownership by teaching you what you need to know about the home-buying process.
Resources
Preapproval
