What’s the Difference Between
Pre-qualification and Pre-approval?
Although pre-qualification and pre-approval are sometimes used interchangeably, it’s important to know the difference and when you’ll need them during your home buying journey.
Pre-qualification
Before you begin your house hunt, it’s important to get pre-qualified. It quickly helps you (and your agent) determine your budget so you can shop for the home of your dreams with confidence. A pre-qualification entails:
- A preliminary review of your financial information
- No documentation needed
- Quickly identifies what you can afford
In just a couple of minutes we can provide you with your pre-qualification. Let the shopping begin!

Pre-approval
Once you have found your dream home, get a pre-approval. This shows that you are serious about submitting an offer and ready to move on to the loan application process. Obtaining a pre-approval includes:
- A thorough review of your finances
- Submitting full documentation (such as employment history, credit information, bank statements and tax returns)
- An approval of a specific loan amount
Once all the information is submitted, we will provide your pre-approval within 24 hours on the next business day.

Give us a call and a Home Loan Expert will guide you through your purchase options. We work at your pace – and deliver loans at the speed of you!
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With our AmeriHome Rewards program, when you finance a loan with us ONCE, you’ll save $1,095 on ALL future refinances or home purchases. See details.
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