HomeFAQWhat is mortgage pre-approval?
Process & Closing

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.

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How long is a pre-approval good for?Does a pre-approval guarantee a loan?What is conditional approval?
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