Prequalification is an early step in your homebuying journey. When you prequalify for a home loan, you’re getting an estimate of what you might be able to borrow, based on information you provide …

Oct 3, 2024 · The term pre-qualification refers to an estimate for credit given by a lender based on information provided by a borrower. Pre-qualifications are conditional and involve the lender …

No documents or fees are required for a mortgage prequalification. That's one reason why a prequalification is just an estimate: it's based on financial information that hasn't been documented …

Dec 9, 2025 · Key Takeaways Prequalification takes minutes, preapproval takes days and requires documentation verification Only preapproval involves a hard credit pull that temporarily impacts your …

Jul 17, 2025 · What is mortgage prequalification? Mortgage prequalification is a mortgage lender’s estimate of how much house you can afford based mostly on your self-reported financial information.

Prequalifying for a mortgage is the first step in getting a loan. When you apply to prequalify, the lender will ask for some basic information about your finances, including your income, current debt …

Jul 28, 2025 · Mortgage prequalification is an early step in the homebuying process when a lender evaluates your financial situation to estimate how much you may be able to borrow. This generally …

May 3, 2025 · Pre-qualification means you may satisfy a lender’s general criteria for a mortgage, based on your self-reported financial information like income, assets, credit and debt. Pre-qualification can …

Oct 20, 2025 · What does pre-qualification mean? A pre-qualification is an informal look at your finances, with information you provide to a lender. It gives you an estimate of how much you might …

Mortgage prequalification: A good first step. Getting prequalified at the start of your home-buying journey is a quick, easy way to see how much you may be able to qualify to borrow for a mortgage.