What Lenders Really Need to Get You Pre-Approved

When you’re starting the home-buying journey, one of the smartest first steps you can take is getting pre-approved. But what exactly do lenders need from you—and how can you prepare to make the process smooth and stress-free?

Let’s break it down.

Every buyer’s situation is unique. Your credit score, income, savings, and employment history all play a part in how a lender evaluates your loan readiness. Still, there are five core items most lenders will request to get your pre-approval going.

1. Proof of Income

Lenders want to see that your income is reliable. If you’re employed, expect to share recent pay stubs, W-2s, and possibly tax returns for the last two years. If you’re self-employed, you’ll also need to provide a profit and loss statement along with tax documentation. It’s all about showing stability.

2. Down Payment & Closing Cost Funds

Next, they’ll need to confirm you have the funds available for both your down payment and closing costs. This usually means sharing recent bank statements or account summaries from savings and investment accounts. You don’t need millions—just enough to demonstrate financial preparedness.

3. Credit Information

Yes, your credit score matters. But here’s the good news: a good lender can help you work with what you’ve got. They’ll advise you on what accounts to focus on, how to improve your score if needed, and how to position yourself for the best loan programs available.

4. Employment Verification

A steady work history goes a long way in reassuring lenders that you’re financially stable. Whether you’re salaried, hourly, or self-employed, having consistent work on record—ideally for at least two years—strengthens your loan application.

5. Valid ID & Social Security Number

It may seem simple, but having proper identification and a valid Social Security number is a must. It’s what helps lenders verify your identity and run required background checks as part of the approval process.

Let’s Build a Pre-Approval Strategy That Works for You

Buying a home doesn’t start at the open house—it starts with preparation. Having your documents in order not only speeds up the pre-approval process but puts you in a stronger position to act quickly in today’s competitive market.

Want to get pre-approved with confidence?

Let’s talk. I’ll help you understand exactly what you need based on your personal situation, connect you with trusted lenders, and build a plan that gets you closer to owning your ideal home.

Frequently Asked Questions About Getting Pre-Approved

Do I need perfect credit to get pre-approved? - No. Many loan programs offer flexibility for buyers with less-than-perfect credit. What matters more is your overall financial picture and working with a lender who can guide you.

How long does a pre-approval last? - Most pre-approvals are valid for 60 to 90 days. If you don’t find a home in that window, your lender may just need updated documents to refresh the approval.

Can I get pre-approved if I’m self-employed? - Yes. You’ll need to provide two years of tax returns and a profit and loss statement. A lender can help you organize these documents to show consistent income.

What’s the difference between pre-qualification and pre-approval? - Pre-qualification is a quick estimate based on self-reported info. Pre-approval goes deeper—it verifies your finances and shows sellers you’re serious.

What if I don’t have a big down payment? - You might not need one! There are programs with low or even zero down payment options. A lender can match you with one based on your eligibility.

Do I need to have a house picked out before getting pre-approved? - Not at all. In fact, getting pre-approved first gives you a clearer price range and strengthens your offers once you start looking at homes.

How do I get started? - Reach out! I’ll walk you through the steps, help you gather your documents, and connect you with local lenders who know how to support buyers like you.