Mortgage Pre Approval Letter

Pre-Approval Letter

Do you know how much home you can afford? Take the first step by getting pre-approved here for free!


Process of Getting Pre-Approved

  1. Collect your documentation
    1. Proof of income
    2. Employment verification
    3. Credit history
    4. Proof of assets
    5. Identification
    6. DTI
  2. Realize when to get pre-approved
  3. Get your credit score  checked
  4. Get your mortgage pre-approval letter
  5. Understand how long your pre-approval lasts
pre approval letter

Frequently Asked Questions

How long does it take to get a mortgage preapproval letter?

Preapprovals can be obtained in as little as one business day, depending on the mortgage lender you choose and your eligibility, but they typically take a few days or even a week to process. If you need to submit to an income audit or other verifications, the process may take longer still.

When should I get mortgage preapproval letter?
Before issuing a preapproval letter, lenders normally run a credit check on you. The letter may also include an expiration date (typically 30 to 60 days). For these reasons, a lot of people hold off on receiving a preapproval letter until they are prepared to start formally looking for a property.
Why is It important to get pre-approved?

A house buyer has more negotiating power if they are pre-approved for a mortgage since they can make a realistic offer to the seller of a home they are interested in because they already have mortgage financing.

Want your Mortgage Pre-Approval Letter?

Get pre-approved with LightPoint Mortgage in as little as 30 minutes.