Pre-qualification Event at Capstone Custom Homes

Submitted by Capstone Homes on Tue, 04/16/2019 - 11:48am
couple at prequalification event for home loan



Get Pre-qualified for a Home Loan

A common barrier for potential homebuyers is confusion over what they can actually afford when building or buying. Capstone is hosting a pre-qualification event at our model home to provide assistance to anyone looking to apply for a mortgage. The event can set you up for success in planning for your future. The best part?: There are no fees and no effect on your credit score. Here’s what you need to know:




What is Pre-qualification?

Getting pre-qualified means a lender considers your personal income, debt and assets to estimate the loan amount you can expect when you decide to apply for a mortgage. While it is not the same as a pre-approval, this can make you substantially more prepared when deciding what type of home to build or buy.

Capstone Custom Homes will host a Pre-Qualification* Event at our Model Home
1904 SR 89, Jeromesville, OH
on Saturday May 11th
from 11am-2pm!

Local lenders will be on-site for pre-qualifications. They will walk you through the process you can expect when you go to apply for a mortgage and let you know approximately how much you'll be able to afford in a new home!

*A Pre-Qualification Estimate is not a guarantee of a loan, nor an application for a loan or approval of funding.  

What to Bring:

  • Last two years tax returns with W-2's

  • Last month of paystubs

  • Last two months of checking/savings statements

*If you would like to submit the above information in advance and schedule a time slot with a lender during the event, contact Capstone Custom Homes at, and include “pre-qualification” in the subject, or call Capstone at (419) 368-8108 and ask about the pre-qualification event.

Here’s How it Works:

  1. You’ll bring relevant documents to discuss with an on-site lender. The process takes about 45 minutes.

  2. You will be able to find out what you can afford when building or buying your home.

  3. Discuss any alterations to your financial plan to better prepare you for buying or building.

  4. Understand what mortgage lenders are looking for when assessing your level of funding for a construction loan.


Lender Tip:

  • Pre-qualification is a great first step especially if you are not planning to buy or build within the next 90 days. Because there’s virtually no risk, it’s worthwhile. Just keep in mind, it is not a pre-approval, which is a verified and specific amount rather than an estimate.

Builder Tip:

  • Bring your home plans to the event or check out our customizable plans to get a true idea of what you can afford in your new home.

Why is it Worth It?

There are virtually no drawbacks to getting pre-qualified. There are no fees for pre-qualification, and getting pre-qualified won’t hurt your credit score. It can be especially helpful for first time homebuyers, but will also benefit those who have had a change in financial situation and/or home planning goals. Knowing an estimated price point can set you up for success as you budget for buying land, designing your home, and listing a current home.

Lender Tip:

  • Keep in mind there is presently a low interest rate. You may be surprised to learn what you can afford depending, for example, on what you are currently paying in rent - coupled with the current low interest rate environment.

Builder Tip:

  • Our clients are continually surprised by the ways building a custom home can, in fact, allow them to stay on budget. Customization helps homeowners focus their plans (and their budget) on the items in a home they really want, instead of settling for existing home plans.

Get Informed and Get Inspired!

Sitting down with a lender means you can get specific guidance tailored to your unique financial situation and goals. Plus, our sales team will be on hand to answer questions and discuss your plans should you want to build a home.

Lender Tip:

  • Rather than using an online pre-qualification calculator, working face-to-face with a lender gives you a personalized experience for the most accurate results.

Builder Tip:

  • Use this time to sit down with our team, too. Knowing an estimated construction loan is a valuable tool in bringing your home plans to life.

The Bottom Line

Pre-qualification can take some of the uncertainty out of building a home and give you assurance as you plan. Paired with Capstone’s transparent building process and impressive list of included features, this event can help you realize your homebuilding goals. We look forward to seeing you!



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Visit our website for more information about building with Capstone Custom Homes.