Why get pre-approved?
- You’ll know your price range before you fall in love with a home
- Sellers take your offer more seriously
- You can move quickly when the right home comes up
- You’ll find out early whether anything needs attention
What to have ready
- Recent pay stubs, W-2s, or tax returns
- Recent bank and asset statements
- A government-issued photo ID
- If self-employed: business bank statements or tax returns
Common questions
What is the difference between pre-qualification and pre-approval?
A pre-qualification is a quick estimate based on information you share. A pre-approval goes further: a lender reviews documents like your income, assets, and credit to give you a stronger, more reliable price range.
Will getting pre-approved affect my credit?
A pre-approval usually includes a credit check. Ask your lender how they pull credit and what to expect before you apply.
How long does a pre-approval last?
It depends on the lender and your situation. Your lender will tell you how long yours is valid and when documents may need updating.
This is general information, not a commitment to lend. All loans are subject to credit approval and underwriting. You are always free to choose your own lender and real estate agent.