How Long Does It Take to Get Pre-approved for a Mortgage?

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Mortgage pre-approval time depends on the complexity of the applicant’s situation. For straightforward cases like W-2 salaried employees with a two-year employment history, pre-approval can take 30 minutes to an hour. More complex cases, such as self-employed individuals or hourly workers with variable hours, require additional documentation and may take one to two days to complete.

About the Author

Chief Finance Contributor

Kristina Morales is the Chief Finance Contributor at Loanfully, an online educational resource for borrowers and industry professionals. Kristina is both a licensed mortgage loan originator and real estate agent in the State of Ohio. Inspired by her years of working with buyers and sellers and seeing a need for more consumer education, Kristina created loanfully.com. In addition to real estate sales and mortgage lending, Kristina had an extensive corporate career in banking, treasury and corporate finance. She ended her corporate career as an Assistant Treasurer at a publicly traded oil & gas company in Houston, TX. Kristina obtained her MBA from the Weatherhead School of Management at Case Western Reserve University and her B.A in Business Management from Ursuline College.

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Category: Pre-Approval

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