How long is a pre-approval good for?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A pre-approval letter is typically valid for 60 to 90 days, because your credit report and income documents go stale after that. It's easy to refresh with updated pay stubs and a new credit check.
If your search runs long, we update the letter so it stays current and ready for offers. We'll re-verify the essentials and reissue it.
The typical shelf life
A pre-approval usually stays valid for 60 to 90 days. After that, the lender re-checks your credit and income because both can change over time.
Rates can shift during that window too, so your pre-approved amount is based on conditions at the time it was issued.
Keeping it current
If your search runs long, we simply refresh your pre-approval. It takes a quick update of your latest pay stub and a fresh credit check, and you are good to go again.
Keep your finances steady in the meantime. Reach out and we will renew your letter fast so you never miss out on a home over an expired approval.