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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