You've successfully submitted the form.

Move one step closer with a Mortgage Prequalification from Androscoggin Bank

Get Prequalified

Why Prequalify?

Keep moving in the right direction: First, find out how much you can afford.

Debit-to-income, property taxes, homeowner’s insurance – knowing how much you can afford to spend on a home is complicated. With housing inventory at an all-time low, you need to be sure you’re looking at houses you can afford so when you find the perfect one, you’re ready to make a confident offer. A prequalification from Androscoggin Bank will tell you your home buying price range, to give you the confidence you need to keep moving in your search for the perfect home. You’ll be pleasantly surprised at how fast and easy the prequalification process is. In less than 10 minutes you can be prequalified, moving you one step closer into your new home.

If you’ve already started looking at homes and have not gotten a prequalification yet, it’s never too late. And as long as your financial situation won’t change drastically, it’s probably not too early to get prequalified so you know your budget and can keep your home search focused.

Here’s what you need to know:

Prequalification isn’t the same as preapproval. In other words, when you prequalify, you haven’t been approved for a mortgage. But, it does give you an important tool to use in your home search.

  1. First, the trusted financial professionals at Androscoggin Bank can give you an idea of what monthly mortgage payment you can afford. Taking into consideration your income, employment, and debts, the prequalification will give you an estimate of how much you can afford to pay each month for your mortgage payment.
  2. Second, prequalification gives you a price range for your new home. It can be tempting to look at luxury mansions, but if those houses are far above your price range, it’s a waste of time. Once you know how much you can afford, you can target your search and zero in on the best home for you. Androscoggin Bank’s trusted advisors can help you use your time wisely as you go about your search by evaluating your situation and letting you know just what you can realistically handle financially.
  3. Third, if you have been prequalified and can provide that information going into the search, both sellers and their realtors know you are serious about buying a home and not just looking around to see what’s out there.

When you are going through the prequalification process at Androscoggin Bank, you can also talk with the bank’s mortgage loan officers about options, moving yourself one step ahead when it comes to actually applying for a mortgage and buying a home.

At Androscoggin Bank, you’ll be pleasantly surprised at how fast and easy the prequalification process is. It’s simple, fast and all online. Working with a local bank means you are working with your neighbors. They understand the community, the local real estate market, and your individual needs. Androscoggin Bank has the latest technology, but they also understand how important the personal touch is.

Buying a home is a major event in a family’s life. Whether it is a first home for a young family, a larger home for a growing family, or an easy-to-live-in home for empty nesters, it’s important to you. And what’s important to you is important to us.

Let’s get moving, together.