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Pre-Approval

Regular Contributor

Pre-Approval

I have finally decided to take the plunge, today I got a pre-approval today from a lender (broker) and it says on the letter that my pre-approval is good for 60 days, is this right/normal? I thought its good for 90 days, this is for a new construction, please feel free to give me your opinion


Starting Score: EQ: 532, EX: 569, TU: 621 (All lender pull 10/15/11)
Score: EQ: 660,lender pull 4/13, EX: 671 lender pull 4/13, TU: 691 lender pull (4/13)
, current Score (3/16/17) EQ: 724. Goal Score: 700


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Message 1 of 4
3 REPLIES
Regular Contributor

Re: Pre-Approval

Not sure if it's "normal" but I think each lender can set their own term.

Message 2 of 4
Valued Contributor

Re: Pre-Approval

Depends on the lender, iv seen 60 to 90 days.

Message 3 of 4
Regular Contributor

Re: Pre-Approval

thanks for responding, I called the lender and he told me that they do not give 90 days, so Its base on broker


Starting Score: EQ: 532, EX: 569, TU: 621 (All lender pull 10/15/11)
Score: EQ: 660,lender pull 4/13, EX: 671 lender pull 4/13, TU: 691 lender pull (4/13)
, current Score (3/16/17) EQ: 724. Goal Score: 700


Take the FICO Fitness Challenge
Message 4 of 4