Pre-Approval vs. Pre-Qualification

These terms get used interchangeably, but they're not the same thing. Pre-qualification is a quick estimate based on what you tell your lender. Pre-approval means a lender has actually verified your income, credit, and assets — it carries real weight.

Why Sellers Care

In a competitive listing, an offer backed by pre-approval signals you can actually close. Sellers and their agents notice the difference immediately.

What You'll Need

Expect to provide pay stubs, tax returns, and bank statements. Most lenders can turn this around in a few business days.

When to Get Started

Ideally before you start touring homes — not after you've found "the one" and are racing the clock.