Home Buying in Travis County>Question Details

petrinec508, Home Buyer in 02770

Is it possible to get pre approved to buy a home before I've sold my current home?

Asked by petrinec508, 02770 Sun Jan 12, 2014

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5
It will be great if you can coordinate the closing of the two transactions the same day, but it is not an easy task. You can contact a mortgage broker that can explore all your finance situation and give you a preapproved letter based on that information.

Best6 of Luck,

Maria Cipollone

http://www.Flahomespecialist.com
1 vote Thank Flag Link Mon Jan 13, 2014
It depends on the lender HOWEVER it will reduce the amount you can qualify for .

Lynn911 Dallas Realtor & Consultant
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1 vote Thank Flag Link Sun Jan 12, 2014
Yes, it happens all the time and when you put the new house under contract you can make it contingent on selling your old home.

These scenarios are common. Where do you currently live and where are you looking to purchase. I may be able to help you accomplish your goal.

Regards,

Chris Hutchinson REALTOR(R)
The Michael Group
972.809.0607 http://www.chrishutchinsonrealestate.com
1 vote Thank Flag Link Sun Jan 12, 2014
Absolutely.
And if your current home needs to be sold so that you can afford the new one, that will just be one 'condition' of the approval.

A conditional approval is easily done same day

Tom Burris
Mortgage Banker
http://www.dallasloanguy.com/
(214) 763-4629 cell/text/nights/weekends(Really!!)
tburris@servicefirstmtg.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
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.
9yr Veteran navigating Mortgages for wonderful clients.
0 votes Thank Flag Link Tue Jan 14, 2014
Yes it i possible topresent home, find a good lender get approval for mortgage prior to selling your

present home.

Good Luck

loinda
0 votes Thank Flag Link Mon Jan 13, 2014
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