Redfin

JULY 9, 2025

Getting pre-approved for a mortgage is one of the first steps in the homebuying journey. But if you’re ready to start shopping for a home, you might be wondering: how long does it take to get pre-approved for a mortgage? What is mortgage pre-approval? How long does it take to get pre-approved for a mortgage?

Pre-approval

Redfin

AUGUST 29, 2024

These loans are typically issued for more expensive homes and come with stricter qualification requirements. Get pre-approved As you’re researching how to buy a house, you will want to get a mortgage pre-approval. Getting pre-approved initiates the mortgage process with a lender and tells you how much you can borrow.

Earnest money deposit

The Close

DECEMBER 29, 2022

Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. In a no-cost mortgage, the lending institution pays all of the closing costs in exchange for the borrower paying a higher interest rate. Pre-approval. The limit is based on local median home values.

Purchase and sale agreement