How Long Can You Hold a Pre-Approval for a Mortgage?

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- A mortgage pre-approval is time-sensitive.
60 to 90 Days
- A mortgage pre-approval is typically good for 60 to 90 days. After the 60-to-90-day period, the lender may request information to confirm there are no changes to credit, income or assets.
Retraction is Possible
- Lenders base approvals on credit and income; therefore, any changes in credit or income can lead to readjustment of the pre-approval. If the home is overpriced, has structural damage or dangerous mold, the lender may retract the offer.
Bottom Line
- Mortgage pre-approvals are not binding contracts. The lender can rescind a pre-approval offer if the conditions are not favorable for purchase.

U.S. Mortgage Rates: How Long Does A Mortgage Pre-Approval Last?

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How Long Can You Hold a Pre-Approval for a Mortgage?

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60 to 90 Days

Retraction is Possible

Bottom Line

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