To get pre-qualified for a HomePath and HomePath Renovation Loan, you will need to provide information about your household income and assets. A lender will evaluate your credit profile, assess goals for a down payment, and provide you with an idea of how much you may qualify for and the different loan programs that would work for you. To document the loan prequalification, the homebuyer receives a special letter from the lending institution or loan officer. First, the loan officer asks the homebuyer several questions, some of which may require documented proof. For more information you can refer this link.