Getting Pre-Approved in Houston

Pre-approval is the essential first step in home buying. It tells you exactly how much you can afford, makes your offer credible to sellers, and speeds up the closing process. Let's walk through it. PRE-APPROVAL VS PRE-QUALIFICATION Pre-qualification is an estimate based on information you provide. Pre-approval means a lender has verified your income, credit, and assets. Get pre-approval, not pre-qualification. THE PRE-APPROVAL PROCESS 1. Find a lender (bank, mortgage broker, credit union). 2. Submit financial documentation: pay stubs, tax returns, bank statements. 3. Lender performs credit check and income verification. 4. Lender issues pre-approval letter stating your approved amount. Timeline: 1-2 days typically. REQUIRED DOCUMENTATION Recent pay stubs (30 days) 2 years tax returns (if self-employed) 2 months bank statements Employment letter Valid ID WHAT YOU'LL LEARN Maximum loan amount, interest rate, monthly payment, down payment needed, required closing costs. NEXT STEPS Once pre-approved, you're ready to search with confidence. You know your budget, and sellers know you're a serious buyer.