Simple steps to boost your buying power and lock in better terms.

Getting approved for a conventional mortgage isn’t just about checking boxes — it’s about putting yourself in the strongest possible position so you can:

✅ Qualify faster
✅ Get better rates
✅ Lower your monthly payment
✅ Compete confidently in a competitive market

Whether you’re just starting out or already pre-approved, here are five smart moves to strengthen your conventional loan approval.

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✅ 1. Boost Your Credit Score (Even Slightly)

Your credit score plays a big role in:

• Loan approval
• Interest rate
• Mortgage insurance costs

Even a small improvement (say, from 679 to 700) could save you thousands over the life of your loan.

Tips:

• Pay down credit cards below 30% of the limit
• Don’t open or close any accounts before applying
• Dispute any credit report errors
• Make all payments on time (even utilities)

📘 We can simulate how different changes may impact your score before you apply.

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✅ 2. Lower Your Debt-to-Income Ratio (DTI)

Your DTI measures how much of your income goes toward monthly debt — including:

• Credit cards
• Student loans
• Auto loans
• Any other installment payments

The lower your DTI, the more comfortable your approval — and the more you can afford.

Tips:

• Pay off small credit balances
• Hold off on large purchases or financing new cars
• Avoid co-signing for others before applying

💡 We’ll help calculate your DTI and suggest where to trim.

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✅ 3. Increase Your Down Payment (If Possible)

While you can buy with as little as 3% down, putting more down can:

• Eliminate or reduce PMI
• Lower your interest rate
• Strengthen your application with underwriters
• Improve your chance in a competitive offer situation

Don’t have extra savings? Ask us about gift funds, grants, and down payment assistance programs.

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✅ 4. Organize Your Documents Early

Speed matters — especially in a hot housing market.

Getting prepped with your documents up front can:

• Speed up pre-approval
• Make your offer stronger
• Avoid surprises mid-transaction

Have ready:

• Last 2 years of W-2s or tax returns
• Last 30 days of pay stubs
• 2 months of bank statements
• ID, insurance, and any current mortgage info

We’ll give you a full checklist — and help streamline everything through secure upload tools.

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✅ 5. Get Pre-Approved With a Direct Lender

Sellers take pre-approvals more seriously when they come from reputable direct lenders who:

• Underwrite in-house
• Move quickly
• Have a reputation for closing on time

At PRMI, your pre-approval isn’t just a generic letter — it’s a real approval strategy that tells sellers you’re ready, qualified, and backed by a serious team.

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🏢 Why PRMI?

We’re not just here to approve a loan — we’re here to help you:

• Improve your profile
• Understand your options
• Close quickly, clearly, and confidently

Whether you’re buying your first home or your fourth, we help you compete like a pro.

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👇 Want to Strengthen Your Approval Now?

Let’s take a quick look at your credit, income, and goals — and show you where small changes can make a big impact.