Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago,

User Stats

7,625
Posts
4,159
Votes
Karen Margrave
Professional Services
Pro Member
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
4,159
Votes |
7,625
Posts

HELP!! Pre Qualified vs. Pre Approved

Karen Margrave
Professional Services
Pro Member
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
ModeratorPosted

Trying to help a residential buyer. Most of the listings now want pre approval over pre qualification for obvious reasons, and prices are going up daily here. However; on pre approval, the buyer wants to know if she goes to two different lenders how would it affect credit score? (one lender doesn't do FHA loans, the other does - but from discussions it seems they won't loan as high as the FHA lender) Also, how long is pre approval good for ? She's concerned with credit score getting lowered, etc. Any insight, and advice will help. I usually do commercial land, development, etc. and need a little refresher on residential financing.
@Will Barnard, @Bill Gulley, @J Scott anyone? THANKS!!

  • Karen Margrave

Loading replies...