Purchase Pre-qualification

Get prequalified for a mortgage free– before you shop for your new home – and get more bargaining power.

It is valuable to see an Elmira Savings Bank Mortgage Originator, even if you haven't settled on the kind of home to search for. Why? It may be difficult to fathom the ways in which we can help even before you begin to calculate your offer.


When we pre-qualify you, we help you find out the amount in mortgage payments you can fit in your budget, and the loan amount you will qualify for. During this process, we explore your borrowing potential - looking at your job, money available for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for paper cuts.

After you qualify, our team will present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that states that we are helping you to find the best mortgage loan to fit your needs and that we are confident you'll qualify for a mortgage loan up to a specific amount.

Power in the Pre-Qual

When you find the house that meets your needs, and you decide to put together an offer, being pre-qualified for a loan will do several things. First, it lets you know the amount that you're able to offer. Even more important to the seller of the house, your pre-qualification status gives them confidence - as if you'd come into their house with a big box of cash to back up the offer! They need not wonder if they have been wasting their time because you are not able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the ability to back up your offer.

We will help you pre-qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the size of loan you can qualify for. Elmira Savings Bank can accomplish this by analyzing your income and debts, your employment and residence situations, the available funds for a down payment, required reserves, and some other things. It's quick and to the point and we keep the paperwork to a minimum.


You can certainly use the mortgage calculators on our website to calculate the size mortgage you'll be able to afford - but it's also important to meet with us. For one thing, you will want a Pre-Qualification Letter! Then, we can make sure we have selected the right mortgage program for your situation. We are eager to meet with you: call us at 607-737-8815 or start the process online.



Our most popular mortgage options for first-time home buyers:

  • FHA Mortgage Loans
    Purchase your home with only 3.5% down. Closing costs can be a gift from a relative!

  • 30 Year Fixed Mortgage Loans
    Our most popular mortgage. Get a low payment and the security your rate won’t change for the life of your mortgage.
  • VA Mortgage Loans
    No down payment, no PMI and flexible credit requirements make the VA loan a top choice for veterans and active military members.

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Elmira Savings Bank is an approved Seller/Servicer of Freddie Mac, FHA/Department of Housing & Urban Development, VA, USDA, and SONYMA (NY Only). Elmira Savings Bank is an Equal Housing Lender committed to ensuring every applicant for credit receive fair and equal treatment throughout the credit application and approval process, as embodied in the Equal Credit Opportunity Act and the Fair Housing Act. All mortgage lending products are subject to credit and property approval. Rates and program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.

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