Submitting your pre-qualification application first will give you the confidence to go out and find the home of your dreams. First you will need to fill out a Pre-Qualification Application:
Download an application from your Mortgage Lender or request an application from your Level Homes New Home Sales Counselor.
What you will need for Pre-Qualification:
Credit Report: A report from an independent credit-rating service listing a person’s current obligations to creditors. The credit report shows how much is owed, as well as whether payments were generally made on time.
Debt-to-Income Ratio: This ratio, expressed as a percentage, is derived by dividing housing expenses by gross monthly income. This is a tool used in the loan qualification process by the lender.
Down Payment: The buyer pays this portion of the price before moving in. This is usually paid at closing and is a percentage of the home’s total purchase price.
Interest Rate: The cost of borrowing, expressed as an annual percentage of the principal. The loan consultant will be able to provide you with the latest rates available.
Pre-Qualification: Another name for mortgage analysis. This will provide you with a preliminary view of your ability to obtain a loan.
Lock: Lender’s guarantee that the mortgage rate quoted will be good for a specific number of days from application.
Mortgage Insurance: Money paid to insure the mortgage when the down payment is less than 20% of the purchase price.
Origination Fee: The fee charged by a lender computed as a percentage of the loan’s face value.
Truth-in-Lending: A federal law requiring disclosure of the annual percentage rate (APR) to homebuyers shortly after they apply for a loan. Also known as Regulation Z.
Underwriting: The decision whether to make a loan to a potential homebuyer based on credit, employment, assets and other factors. They also match the risk of making a loan to an appropriate rate and term or loan amount.
Click here to learn more about LH Lending and to get the pre-qualification process started!
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When my husband and I started looking for a new house, we were blown away by the quality and value Level Homes offered. From start to finish, the team worked with us to ensure we ended up with our dream home. We couldn’t have asked for a more professional, hardworking and kind group of people to help us navigate the building process. - Courtney Tidwell
About three years ago, I showed a Level home for the first time and both my client and I were amazed, not only with the home, but with their process and service! Since then, I've sold nine new Level Homes, including one to myself! My family couldn't be any happier with our home! - Kyle C. Petersen ABR, GRI, SRS, REALTOR
"We are happy to know even after closing and in our new home; that the customer care specialist Melissa LaCroix is checking on us to see how we are doing. We are looking forward to referring more family and friends to Level homes to build their dream home!"
"We couldn't have been more pleased with Alicia, Melissa, Jim and Bubba. They were great throughout the process and were extremely friendly, professional, and helpful. They followed up on any communication we sent and worked to correct any mistakes or issues. You should be very proud to have such amazing."
"We moved to Americana in 2015, and we haven't looked back. Level Homes makes the building process so easy. You just pick the level of upgrades you want around the house when you pick your colors, appliances and fixtures. Their professional interior design team takes all the stress away. You know your new home will look fantastic. We have already experienced its vision for genuine community as a place where we know and enjoy our neighbors. Within walking distance are the YMCA, a dog park, and Walk-Ons, with many more conveniences on the way. Americana is a great place to live. Thanks Level Homes!" - Jack M. Owens Jr. DDS
"When I first saw the Copper Mill subdivision, I knew I wanted to live there. I was in the market for another home and I immediately searched in Copper Mill. I learned about Level Homes and they made my dreams come true. The service from everyone was timely and professional. The feeling is one of a family. Most importantly, I'm in love with my beautiful home!" - Tiffany Beshears
"Through the years, our team has confidently recommended Level Homes for its outstanding Quality of Construction. We know that our buyers will have a wide variety of gorgeous selections as they design their home as well as, receive top notch service from one of Baton Rouge's best home builders!" - Lizzie Blair-Benzer and Robin Deshotels, Team leaders and owners of The Red Door Group