Mortgage Pre Approval Guide
Your first critical step in the home buying journey. Show sellers you're serious and know exactly what you can afford.
What is Pre Approval?
A mortgage pre-approval is a formal commitment from a lender stating that you qualify for a loan up to a specific amount, based on a rigorous check of your financial background. Unlike a simple pre-qualification (which is often based on self-reported data), a pre-approval carries weight because the lender has actively verified your income, assets, and credit history.
What Lenders Look For
The Pre Approval Process
Check Your Credit
Lenders will pull a hard inquiry on your credit report. Ensure your score is accurate and resolve any errors beforehand.
Gather Documentation
Prepare W-2s, tax returns, pay stubs, and bank statements for the past 60 days.
Submit Your Application
Complete the official mortgage application (Form 1003) with your chosen lender.
Receive Your Letter
Once verified, you'll receive a pre approval letter stating the exact loan amount you qualify for, valid for 60-90 days.
Ready to Get Pre Approved?
Connect with a local expert who knows your market.