What Is Pre-approval?

Getting approved for a loan prior to your home search is a smart move that offers several advantages. It gives you a benchmark for how much you can afford, helping you narrow down your home search from the start. It also allows you to be taken more seriously in the bidding stage, which can help tremendously in your negotiations, especially when dealing with distressed properties.

Getting preapproved is simply a matter of your lender checking your financial situation and writing a letter stating that it would be willing to lend you a certain amount of money.

You'll need to assemble several documents to start the preapproval process:


 

• Federal tax returns for the last two years.
• W2s (or 1099 statements) for the last two years.
• Bank statements for the last two months.
• Recent pay stubs and proof of any other income.
• Proof of assets (stocks, mutual funds).
• Information about your current debts.
• Information about the source of your down payment, including gifts.

TIP
Don't open new credit card accounts or take on any new debt for at least six months (and even up to a year) before shopping for a mortgage

Get In Touch

Local Expert Updates

Greg Sheeler

Cell: 712.330.1573

Brooke Jones

Cell: 641.420.2172

Kymm Jones

Cell: 712.320.6737

Community Updates

Minervas Restaurant & Bar

Minervas Restaurant & Bar in Okoboji

Minervas is located in the Arrowwood Resort in Okoboji. Their menu offers a little of everything! From classic pastas and aged steaks to seafood everyone will leave satisfied. They offer a great "Pick Two" option for lunch and the atmosphere is excellent. They also do a pasta night that seems to be a staple in the community. Getting to pick your sauce and everything that goes into your pasta which is then made right in front of you is certainly a treat for the whole family!

Real Estate and MLS Homes For Sale in Okoboji

Rabab's at the Lake

Rabab's at the Lake in Arnolds Park

Best food in town? We sure think so. Rabab has outdone herself here in the Central Emporium! This upscale, fine dining restaurant will not disappoint. She offers Mediterranean and American dishes. The food is the best part, but Rabab's also has arguably one of the best views, overlooking beautiful West Okoboji lake. Not only is her food extraordinary, she offers an extensive selection of fine wines and cocktails.

Real Estate and MLS Homes For Sale in Arnolds Park

Okoboji View Golf Course

Okoboji View Golf Course in Spirit Lake

Okoboji View is a public 18-hole golf course with membership availability. It is a beautiful golf course with an emphasis on nature and offers many challenges with fast greens, beautiful water features, tree lined fairways and rolling hills.
The newly remodeled restaurant and bar - renamed Pub19 Bar & Grill in 2015 - is full service and you can enjoy drinks and dining on the large new deck overlooking the golf course.
Whether you need a golf lesson or a professional club-fitting, or if you need to schedule your corporate golf outing, wedding rehearsal dinner/reception or class reunion, or just want to enjoy playing at one of the best courses in Northwest Iowa - Okoboji View Golf Course, a family run facility, is for you.

Real Estate and MLS Homes For Sale in Spirit Lake

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