How Long Is a Preapproval for a Mortgage Good For?
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A typical mortgage preapproval letter is valid for up to 90 days, though that can vary by lender. The letter from your lender tentatively estimates how much it is willing to lend you, and on what terms. This can give you a more realistic budget for your home search.
A mortgage preapproval letter also demonstrates to home sellers that you can likely secure financing to back up your offer, indicating that you’re a serious buyer.
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Mortgage loans from our partners
on New American Funding
on New American Funding
on GO Mortgage
GO Mortgage
4.0
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NerdWallet ratingon GO Mortgage
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