Get Pre-Approved for a Mortgage

Why Pre-Approval Matters in Maine

In Southern Maine’s competitive market, sellers take pre-approved buyers more seriously. A pre-approval letter shows you’ve been vetted by a lender, making your offer stand out — especially in multiple-offer situations common in Portland, Scarborough, and coastal communities.

Pre-Qualification vs. Pre-Approval

Pre-qualification is a quick, informal estimate based on self-reported finances. Pre-approval involves a lender verifying your income, assets, credit, and debt to issue a conditional commitment for a specific loan amount. Pre-approval carries far more weight with sellers.

What You’ll Need

• Two years of tax returns and W-2s
• Recent pay stubs (30 days)
• Bank and investment account statements (60 days)
• Valid government-issued ID
• Employment verification

Maine-Specific Programs

MaineHousing offers programs including First Home Loan (low down payment for first-time buyers), the Advantage program, and down payment assistance. Ask our team about eligibility.