How Long is a Mortgage Pre-Approval Letter Valid?

Howdy and afternoon Rosie

Rosie, home buyers sure will find this to be mighty helpful and appreciate you for posting it.

Happiness sure is Homemade
Have a good one
Dale in New Hampshire

Good morning Rosie. The common rule is 90 days and hopefully within that time period, the folks have found a home, but it someone goes longer than that, I want to re-look at all the numbers, in case we have to make any adjustments.

Make it a great week!

Great post Rosie! I agree with Joe's comment. As you reach 90 days, it's a good idea to look at the numbers again and make sure there are no changes that would result in a surprise later.

You remind the buyer to steady as she goes. Don't get divorced, buy anything major, change jobs, etc. So regardless of the letter, the buyer can mess it all up in one afternoon... a couple hours of doing the wrong walk the line to the real estate closing.

Hi, Rosie...we do have to make sure our clients know not to change anything in spending habits once they apply for a mortgage. Great post. 

I just had this happen and had my client obtain a new pre-approval letter. Luckily, all was the same but you never know.

Rosie - Thank you for sharing an excellent list of information about how long is a mortgage pre-approval letter valid.

Rosie, great advice to buyers, and to remember that pre-approval doesn't last forever.

Thanks for this super and concise article ...  so important to keep track of the length of time and keep the buyer aware of keeping financial status the same!