What is mortgage pre-approval?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Pre-approval is a lender's verified commitment, based on your reviewed income, assets, and credit, stating the loan amount you qualify for. It's the letter sellers expect with an offer.
Unlike a quick pre-qualification, it's backed by real document review, so your offer carries weight. We issue most Florida buyers a same-day pre-approval after reviewing the basics.
What pre-approval means
Pre-approval is a lender's written confirmation of how much you can borrow. We check your credit, income, and assets, then issue a letter stating your loan amount and terms.
It is stronger than a pre-qualification because it is backed by verified documents. Sellers in Florida take pre-approved buyers far more seriously.
Why you need it first
A pre-approval letter lets you make a competitive offer the moment you find the right home. Without one, sellers often skip your bid in a busy market.
Pre-approval is free and comes with no obligation. Apply now and we will tell you your real budget so you can shop with confidence.