90 day preapproval?

[laurr00]

Hello,

I received a 90 day preapproval letter.  Was wondering... do I have 90 days to submit an offer under this preapproval, or do I have 90 days to close on a lon under this preapproval?

Thanks!

[Anonymous]

If it's anything like mine it's to put in an offer.

[Anonymous]

You have 90 days to close...typically credit reports are good for 90 days along with income/asset docs, so they give you a 90 day pre approval baed on that. If you don't close before than I wouldn't worry unless something has changed with your credit or financial situation.