If you are setting your homebuying sights on 2027, you may be surprised to learn that now is a great time to get preapproved (soft pull credit checks available).
“But aren’t preapproval letters only valid for a certain period of time? It will expire before I’m ready”
Getting preapproved well ahead of your search ensures there are no unexpected hiccups in your file. The loan underwriting process is nuanced, and varies in each situation. Plus, tackling the preapproval process early allows extra time to increase your savings or credit score if needed, establish a relationship with your lender, and ensure a smooth post-holiday home search. Many of our own clients have gotten preapproved for their loans more than six months in advance of buying a home.
Can we help you with a great plan for your purchase? Reach out anytime.
