How pre-approval differs from pre-qualification, and what happens after you share your financial picture with a loan officer.
Pre-qualification is often a soft look at self-reported numbers. Pre-approval typically includes a credit pull and documented income and assets so sellers and listing agents take your offer more seriously.
Your loan officer reviews debt-to-income ratios, reserves, and program eligibility, then issues a pre-approval letter with a purchase amount that fits your profile.
Rates and underwriting conditions can still change as the full file is completed, so stay in touch if anything material changes: job status, large deposits, or new credit inquiries.
Ready to start? Find a Clear Mortgage loan officer and request pre-approval with someone who will guide you through each disclosure.