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Mortgage Pre-Approval Letter (Sample) Template

Provide a clean pre-approval letter format with key loan terms and standard conditions using this sample template.

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Mortgage Pre-Approval Letter (Sample) Template

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Mortgage Pre-Approval Letter (Sample) Template


[Lender Name]
[Address]
[City, State, ZIP]
[Phone] | [Email]
[Website (Optional)]

Date: [Date]

To Whom It May Concern,


1. Pre-Approval Statement

This letter confirms that [Borrower Full Name] has been pre-approved by [Lender Name] for a mortgage loan up to $[Maximum Loan Amount], subject to the conditions listed below.


2. Borrower and Loan Details (Summary)

2.1 Borrower Name(s): [Borrower Name(s)]
2.2 Loan Type: ☐ Conventional ☐ FHA ☐ VA ☐ Other: [Type]
2.3 Maximum Loan Amount: $[Amount]
2.4 Estimated Purchase Price (Optional): $[Amount]
2.5 Estimated Down Payment (Optional): $[Amount] or [__]%
2.6 Estimated Loan Term: ☐ 15-year ☐ 30-year ☐ Other: [Term]
2.7 Interest Rate (Optional). This pre-approval does not lock an interest rate unless stated in writing.


3. Conditions and Verification

This pre-approval is based on a preliminary review and is subject to:

  • Verification of income, employment, assets, and credit

  • Acceptable property appraisal and title review

  • Satisfactory underwriting review and final loan approval

  • No material change in financial condition before closing

  • Compliance with lender program guidelines


4. Expiration

This pre-approval is valid until [Expiration Date], unless extended in writing by the Lender.


5. Contact Information

If you have questions, please contact:

[Loan Officer Name]
[Title]
[Phone] | [Email]

Sincerely,
[Loan Officer Name]
[Title]
[Lender Name]


Signatures

Lender Representative: [Loan Officer Name]
Date: [Date]
Signature: ___________________________

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Mortgage Pre-Approval Letter (Sample) Template

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For quick answers, scroll below to see the FAQ.

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For quick answers, scroll below to see the FAQ.

MORTGAGE PRE-APPROVAL LETTER (SAMPLE) TEMPLATE FAQ


What is a mortgage pre-approval letter?

A Mortgage Pre-Approval Letter is a letter from a lender stating that a borrower has been pre-approved for a mortgage up to a specific amount, based on information reviewed (income, credit, assets). It is commonly used when making an offer on a home to show a seller that financing is likely.


Is a pre-approval the same as a final mortgage approval?

No. Pre-approval is conditional and subject to underwriting, appraisal, verification of documents, and the lender’s final approval. This sample includes standard conditions to avoid confusion.


What should be included in a pre-approval letter?

Typical items include: borrower name, maximum loan amount, loan type, estimated interest terms (optional), validity/expiration date, key conditions (documentation, appraisal), and lender contact information. This sample is designed to be adaptable to different lender styles.


Should the letter include the purchase price or down payment?

Sometimes. Sellers often want to see the pre-approval amount and type of loan. Down payment and purchase price may be included if helpful, but some borrowers prefer not to disclose all details. This sample includes optional fields.


How long is a pre-approval letter valid?

Often 30–90 days, but it varies by lender. This sample includes an expiration date field so the letter stays current.


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