You can get preapproved for a mortgage by knowing the steps, checking your credit, gathering documents, researching lenders and then applying.
Learn everything you need to know about how to get preapproved for a mortgage, including requirements and tips to increase your chances of preapproval.
Prequalification : • A lender’s estimate of how much you may receive • Generally doesn’t impact your credit score • APR is subject to change, Preapproval : • Similar to a firm loan offer from a lender • Hard credit pull can impact your credit score • APR is not likely to change
Written by David McMillin , Edited by Michele Petry ; Published on August 02, 2023 | 6 min read
A lender will verify your income, employment, debt and assets when you apply to get preapproved for a mortgage. Learn how to prepare.
An auto loan preapproval can save you a lot of time and money when buying a car. Find out how to get a preapproved car loan.
A mortgage preapproval will give you a good idea of your home loan options, price range, and how much your monthly payment might be. Learn how to get preapproved.
Learn how you can get preapproved for a mortgage, when it makes sense to get preapproved and how long a preapproval lasts.
Show me how much I can afford. I want to get preapproved for a mortgage. I'm ready to apply.
If you’re looking to buy a home, one of the first steps you should take is getting preapproved for a mortgage. Here’s how to do it.