How to apply for pre-approval, step by step
A clear walkthrough of the application from first call to approval letter.
Start by getting quotes from at least two or three lenders within a short window. Credit bureaus treat multiple mortgage inquiries within about two weeks as a single check, so shopping around won't tank your score. You'll submit your documentation, the lender will review your credit and finances, and you'll typically get a pre-approval letter within a few business days. That letter usually includes a loan amount, an estimated rate, and an expiration date. Keep it current as you shop, since it usually needs refreshing every 60–90 days.
This step is general educational guidance, not legal, financial, or real estate advice — your contract terms, deadlines, and local requirements always take precedence, so confirm specifics with your licensed professionals. Read our full disclaimer.