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How Fast Can You Get Pre-Approved for a Home Loan?

Redfin

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?

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. Loan officer. Pre-approval. However, your clients need to know the difference between pre-approval and prequalification (see below). Proof of funds. Related Article.