Mortgage Glossary
Pre-Approval
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A pre-approval is a lender's documented assessment of how much you can borrow, based on verified income, assets, and credit.
What Pre-Approval means
It's stronger than a pre-qualification because an underwriter reviews real documents. A pre-approval letter shows sellers you're a serious, capable buyer.
Florida example
A Florida buyer with a pre-approval letter can make a credible offer the same day they find a home. Most listing agents in competitive markets won't present an offer without one.
Related program: Learn more →
Related Mortgage Terms
Still have questions?
Talk to a licensed Florida mortgage broker — no cost, no obligation.