Purchase Preapprovals

Embarking on the journey towards a major home purchase can be both exciting and daunting. Our Purchase Preapproval process is designed to simplify this path, offering you a clear understanding of your purchasing power. In this section, we’ll guide you through the essentials of a preapproval – what it is, how it benefits you, and the steps to get started.


A mortgage preapproval is a lender's offer to loan you a certain amount under specific terms. It's based on a review of your financial information, like credit score, income, and debts.

Preapproval shows sellers you're a serious buyer with financing lined up. It also helps you understand how much you can afford, streamlining your home search.

Typically, preapproval letters are valid for 60 to 90 days. Lenders assume your financial situation could change beyond that period, and your credit report will expire after 90 days. 

There are a number of items to be collected for your Preapproval Letter, including: paystubs, W2's, tax returns, bank statements, credit reports, insurance policies, and other case specific requests. 

It can. Preapproval involves a hard credit inquiry, which might slightly lower your score temporarily. However, it's a necessary step in the home-buying process.

It's possible, but harder. Lenders prefer borrowers with good credit scores. If your credit is less-than-ideal, you might face higher interest rates or need a larger down payment.

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