🏡 Pre-Qualification vs. Pre-Approval: What’s the Difference and Why It Matters

If you’re planning to buy a home, you’ve probably heard the terms pre-qualification and pre-approval—but they’re not the same thing. Knowing the difference can save you time, frustration, and possibly your dream home.

💡 What’s a Pre-Qualification?

A pre-qualification is a quick estimate of how much you might be able to borrow. It’s usually based on self-reported information and doesn’t involve a deep dive into your finances. Think of it as a starting point—not a commitment from a lender.

✅ What’s a Pre-Approval?

A pre-approval is much more powerful. It means your credit, income, employment, and assets have all been verified. You’ll receive a pre-approval letter that shows sellers you’re serious and financially ready. In today’s competitive market, that makes a huge difference.

🧠 Why I Only Do Pre-Approvals

I don’t do guesswork—I help clients get fully prepared. With a pre-approval, you can shop with confidence and make strong offers that sellers will take seriously.

📈 Bottom Line:

If you’re ready to become a homeowner, don’t settle for a pre-qualification. Let’s get you pre-approved the right way—so when the perfect home comes up, you’re ready to make your move.