Get the letter right before you make the offer
How long preapproval takes
Desk answer
With documents ready, a preapproval can come quickly, sometimes within a day or two. Missing paperwork, complex income and credit questions slow it down. Having pay stubs, tax returns, bank statements and identification ready is the biggest time saver.
Last reviewed against the primary sources listed below.
Have ready
- Recent pay stubs and W-2s.
- Tax returns if self-employed.
- Recent bank statements.
- Photo identification.
Questions buyers bring to the desk
How fast can I get preapproved?
Often within a day or two when documents are ready.
What slows down a preapproval?
Missing documents and complex income.