How Long Is a “Pre-Approval Letter” Valid? Does It Expire?

We are often asked how long our pre-approval letters remain valid, or if they expire.

Our pre-approval letters do not expire as long as all major qualifying factors remain the same. These factors include credit scores, total debt payments, income and cash available for a down payment and closing costs.

This is why we send our pre-approval letters out on Word Documents. It allows Realtors to update and edit the letters (to match their offer price) as they see fit.

For “tight deals” or marginal borrowers, Realtors should check in with us every 60 days at least to ensure no major changes have taken place. Our “Borrower Summaries” and “Pre-approval Letter emails” alert Realtors when pre-approvals are tight and borrowers are marginal.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646