Pre-qualified vs. pre-approved
Pre-qualified usually means a quick estimate based on what you tell us. Pre-approved means we've reviewed your credit and documents. Sellers take a pre-approval more seriously.
What you'll need
- Photo ID
- Recent pay stubs and W-2s (or tax returns if you're self-employed)
- Two months of bank statements
- Information on any gift funds from family
How long it takes
Often one to two days once we have your documents.
How long it lasts
Many pre-approvals are good for 60 to 120 days. We'll update yours if your search takes longer.
Frequently asked questions
Does a pre-approval guarantee my loan?
No. Final approval comes after we review the home and your complete application.
Will it affect my credit?
We'll explain before any credit check.