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How Long Is Pre-Approval Valid and Effect On Score

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JuleeM
Established Member

How Long Is Pre-Approval Valid and Effect On Score

Hi there. When you are pre-approved how long is it good for. What if it takes me 6 months to find a home. Do I have to keep getting pre-approved again and having a hard pull on my credit? Over time couldn't that really hurt my score. Will lenders let me pull the report myself and send it to them if they have done it the first time...until I apply for the actual mortgage of course?

Message 1 of 4
3 REPLIES 3
swtneka
Frequent Contributor

Re: How Long Is Pre-Approval Valid and Effect On Score

I think its 90-120 days... depends on the lender. And yes if they keep pulling your CR every 3-4 months it will eventually hurt your score.

Message 2 of 4
tooleman694
Valued Contributor

Re: How Long Is Pre-Approval Valid and Effect On Score

90 - 120 days sounds about right, I wouldn't worry about an extra INQ hit. I had a rapid rescore done which gave me like 10 new INQs and my score didnt move.

Message 3 of 4
fabadvice
Established Member

Re: How Long Is Pre-Approval Valid and Effect On Score

I am using a mortgage company and my pre-approval was valid for 60 days.

Message 4 of 4
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