Pre-Approval Letters

Habitat homebuyers need to secure financing from an approved lender. It is important to remember that you do not need a pre-approval letter to apply for a Habitat home. Our office will let you know if and when it is time to contact a lender.

What is a pre-approval letter?

A pre-approval letter is an offer from a lender to loan you a certain amount under specific terms. The pre-approval provides information on the amount of the mortgage and down payment assistance that you qualify for based on your income and helps determine if you qualify to buy a Habitat home. The pre-approval does not need to equal the estimated market value. Habitat can provide financing for the difference between the estimated market value and your loan approval amount, if it is less than the sales price of the home.

How do I get a pre-approval letter?

Step 1: Choose a lender
The following is our list of approved lenders. Pre-approval letters from lenders not on this list will not be accepted:

  • Homesight – Brooke Gibson: 206-305-2672,
  • HomeStreet Bank – Jeff Wood: 206-369-8939,
  • HomeStreet Bank – Jessica Santana: 206-389-6346, (Spanish / Habla Espanol)
  • US Bank – Jeffrey Kruse: 253-350-8064,
  • Banner Bank – Dianna Johnson: 425-577-3573,
  • Umpqua Bank – Nicole Ngonevolalath: (253) 508-0238,
  • Churchill Mortgage – Leanne Truong: (206) 931-3827,

Step 2: Request Pre-approval from Lender

All of our approved lenders have online portals to start the application process. You can also contact them directly by phone or email if you prefer. Keep in mind that the time it takes for a lender to get you a pre-approval can vary from a few days to a couple of weeks. Because of this we encourage you to complete this step as soon as we make this request.

When do I apply for a Pre-Approval Letter?

The first step to participate in the Habitat program is to apply with Habitat for the home you are most interested in purchasing. Once your application has been reviewed and your eligibility is verified, our office will contact you and provide you with a Lender Letter to present to the approved lender you choose. Preparing your documents in advance will expedite the pre-approval process.

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Debt Barrier Removal Program

The purpose of this program is to help correct credit challenges now to allow for wealth creation in a way that only Habitat’s homeownership model can address. We sell homes at cost which is historically well below appraised value. This gives Habitat room to absorb homebuyers’ prohibitive debts in the price of the home without affecting mortgage financing. To learn more about the Debt Barrier Removal Program, Click Here.