How to Get Pre-Approved for a Mortgage (Simple Steps)

If you’re thinking about buying a home on the North Shore of Boston, getting pre-approved is one of the smartest first moves you can make. It helps you understand your true price range, strengthens your offer, and makes the whole process feel clearer and calmer.

What “Pre-Approved” Really Means

A mortgage pre-approval means a lender has reviewed your finances and gives you a written estimate of how much you can borrow. It’s not a final loan commitment yet — but it’s a strong signal to sellers that you’re serious and ready.

Pre-Qualified vs. Pre-Approved (Quick and Clear)

• Pre-qualification is an estimate based on what you tell the lender.
• Pre-approval is based on documents they verify (pay stubs, credit, bank statements, and more).

In a competitive market, sellers and listing agents almost always take pre-approval more seriously.

Why Pre-Approval Matters on the North Shore

• You shop with confidence: You’ll know what price range is realistic for you.
• You avoid surprises: Credit and income questions get handled early.
• Your offer is stronger: Sellers feel safer choosing a buyer with verified financing.
• You move faster: When the right home pops up, you’re ready.

What You’ll Need for a Pre-Approval

Most lenders will ask for:

• Recent pay stubs (usually the last 30 days)
• W-2s (last 2 years)
• Tax returns (last 2 years, especially if self-employed)
• Bank statements (last 2–3 months)
• Photo ID
• Information on student loans, car loans, credit cards, or other debts

Step-by-Step: How to Get Pre-Approved

1. Choose a lender you trust. Local lenders often know the North Shore market pace and can move quickly.
2. Submit a simple application. Many lenders can do this online in minutes.
3. Send documents. The lender verifies income, assets, and credit.
4. Review your options. You’ll talk through loan types, down payment, and monthly payment comfort.
5. Get your pre-approval letter. This is what you attach to offers.

How Much Home Can You Comfortably Afford?

Pre-approval shows what you can borrow, but it’s just as important to feel comfortable with your monthly payment. A smart home purchase supports your lifestyle — not the other way around.

Common Pre-Approval Mistakes to Avoid

• Opening new credit cards right before applying
• Financing a car or major purchase during your home search
• Moving money around without clear documentation
• Waiting too long to update an expired pre-approval

Want a Trusted Lender Recommendation?

Working with the right lender can make a huge difference. A strong local lender communicates clearly, moves quickly, and helps you understand your options without pressure or confusion.