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The Value of a Pre-Approval

If you're thinking about buying a home, a pre-approval is a fast and simple way to make your home buying experience easier from start to finish. Pre-approval means you get an approval for a mortgage loan before you make an offer on a home or even find a home you want. (This is in contrast to pre-qualification — a preliminary evaluation of your financial status that does not include a commitment to giving you a loan.) We even put our commitment to the loan in writing, in a pre-approval letter. That means you'll have the benefit of knowing how much home you can afford. In fact, many real estate agents will ask you to get pre-approved before you begin house hunting so they can show you homes that suit your budget.

Get an edge over other buyers

A pre-approval gives you buying power — the ability to make offers, negotiate price and terms, and even sign a contract to buy. It gives you an advantage over other buyers when you make an offer on the home of your dreams, because a pre-approval letter proves to the seller and real estate agent that you're financially ready to buy the home. And that can help make your offer attractive.

It's easy, fast and free.

Once you apply, we will give you a same-day pre-approval loan decision, often in only 20 minutes or less or pay you $250. We simply need your income, information about your assets, and Social Security number. Upon pre-approval, we'll provide you with a pre-approval letter that shows the exact amount you are approved to have financed. Show the letter to sellers and real estate agents — it tells them you're a qualified buyer.

Get a pre-approval decision in minutes — by phone or online

To get pre-approved now, call an experienced Citizens Bank Mortgage Loan Officers at (877) 297-3618, or use our easy-to-follow online application — once pre-approved, you'll be able to print out a pre-approval letter immediately. Click here to get started.

Citizens Bank makes home loans easy in many other ways too — including the strongest service guarantees in the industry:

  We'll give you a same-day loan decision or pay you $250
  We'll meet your requested closing date or we will reduce your interest rate by 1/8 of one percent for
    the life of the loan*
  We'll beat any lender’s price or pay you $500**

 Why not contact us now? You could start enjoying the power of pre-approval in minutes!

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*Approved, conventional, purchase loans only, using our preferred closing agent. Excludes loans for REO homes. Void when delayed closing is required by law. Closing date to be mutually agreed upon between customer and us, and customer must provide all required documentation. Timely request for adjustment under guarantee is required.
**A customer must provide a complete, system-generated Good Faith Estimate, listing a specific lender’s name, that is dated the same day as the rate quoted by us. If such Good Faith Estimate indicates an equivalent or lower interest rate and closing costs package, for the same loan program that is offered by us and we have verified the accuracy of the rate and fees listed then we will have the option of beating that lender's total loan costs by $100 or paying the customer $500 ($750 for properties located in California) when they close with that lender and provide us with a copy of the signed Note and Final HUD-1 Settlement Statement.