How do you get pre-approved to buy a home in Sudbury?
You meet with a lender, share your financial details, and receive a confirmation of your approved price range. Sudbury realtor Tanya Vanden Berg explains why pre-approval is the first step for serious buyers.
Pre-approval shows you exactly how much you can afford before you start shopping. Your lender reviews your income, credit score, debt, and savings to determine a mortgage amount that fits your budget. This helps you avoid falling in love with a home outside your price range.
In a competitive market like Sudbury, pre-approval also strengthens your offers. Homes in New Sudbury, Garson, Minnow Lake, and the South End often attract multiple buyers. A pre-approval letter tells sellers you’re financially ready and reduces the risk of financing delays.
The process is simple. You submit pay stubs, tax documents, bank statements, and identification. Your lender then provides a written pre-approval that’s typically valid for 60–120 days. This window allows you to shop with confidence, knowing your rate is locked in for a set time.
Pre-approval also helps Tanya guide your search. When she knows your price range, she can recommend neighbourhoods and homes that match your budget and long-term goals.
If you don’t have a lender, Tanya can connect you with trusted Sudbury mortgage professionals who explain options clearly and help you choose the right fit.
