A mistake some first time home buyers make is to start looking for a home before they know how much they can realistically afford, only to be disappointed that the beautiful $250,000 house they fell in love with during an Open House is way out of their price range. Do some homework to make sure this doesn’t happen to you.

Get pre-qualified

This is a pretty straight forward process. Contact your lender, (online, phone or in person) share information on your financial picture, and the loan officer can then give you an idea of how much of a home you can afford. This dollar amount is based solely on the information you provide. No credit report is checked at this time. (After you talk with a Fox lender, you can go to www.foxcu.org to fill out an online application to keep the loan process moving forward.)

Set up a pre-approval meeting with your lender

Getting pre-approved is required by many Realtors prior to showing you homes. Set up an appointment with a mortgage officer, then get busy and gather all of your important documents, and bring them to your appointment.

• One month of most recent pay stubs
• Last two years of W-2’s
• Two months of checking and savings statements (all pages)
• Most recent investment statements (all pages-including retirement accounts)
• Driver’s license
• Marital Settlement Agreement and Final Stipulation (if applicable-all pages)
• Bankruptcy discharge documents (if applicable-all pages)

After reviewing all of your documents, the lender can accurately determine your maximum purchase price, and determine the correct loan product. If requested, they can give you a letter verifying your maximum purchase price. This letter can strengthen your position with a seller when you write up your Offer to Purchase.

Doing a little bit of homework can help keep you on track to find the home and the loan that’s just right for you!

Are you thinking about purchasing a home? Fill out the form below to talk to one of our mortgage experts.

First name *

Last name *

Phone Number *

Email Address *

I am currently:

A member of Fox Communities Credit Union

Not a member

I would like to purchase a home in:

2-5 months

6-12 months

1+ year

Regarding my down payment:

I need to begin saving

I have some of my down payment

I already have my down payment

I would also like information on:

Down Payment Assistance Programs

Biweekly Payments

Low Down-Payment Options

I prefer to be contacted:

By Phone

By Email

Is there additional information you would like us to know?

Preferred Branch *

Appleton - E. Calumet St.

Appleton - E. Wisconsin Ave.

Appleton - S. Lawe St.

Appleton - W. Northland Ave.

Black Creek

Clintonville

DePere

Green Bay - Ashland Ave

Green Bay - Main Street

Green Bay - Military Avenue

Green Bay - Steffens Court

Green Bay - Willard Drive

Howard - Lineville Road

Kimberly

Luxemburg

Manitowoc

Neenah

New London

Oshkosh

Pulaski

Two Rivers

reCAPTCHA