But the bigger question is why are you going to a bunch of mortgage lenders at a time? I encourage buyers to go to one lender and get prequalified to see where you stand. At least you will know if you are in good shape or not. Many lenders have similar prequalifications. If not, you know what your deficiencies are and you can discuss that with lenders. If you are in good shape, you can shop rates, etc. before you apply with anyone.
Good idea to start with a lender. But also, if you are buying in Park Forest, you can potentially qualify for the grant program for up to $10k toward down payment and closing costs. Only certain lenders can do those loans.
I am very familiar with Park Forest and sell a lot of homes there. I would be happy to discuss the lenders and the program with you as well as offer you a few home options in the area. There is no cost to you for using a buyer agent. It will save you time and money in the long run. Please feel free to call.
RE Marketing Consultants, Inc.
It is, in fact, a good idea to compare;
be sure to get a GFE (Good Faith Estimate) from both.
They should have a similar layout, so that you can compare the number.
Do not let them tell you otherwise, Federal Law requires tham to give you a GFE!
Good luck and may God bless