✅ Demonstrates Seriousness to Sellers

A pre-approval letter shows sellers that you’re financially qualified and ready to buy. It sets your offer apart from others and signals that you’re a committed buyer with verified financial backing.

✅ Clarifies Your Budget

Getting pre-approved helps you understand exactly how much home you can afford. It prevents you from falling in love with a home outside your price range and keeps your search focused on realistic options.

✅ Strengthens Negotiating Power

In hot markets like Nashville and surrounding areas, sellers often choose the most prepared buyers. A pre-approval letter can give you the edge in a multiple-offer situation.

✅ Streamlines the Buying Process

Much of the financial vetting is already done when you’re pre-approved. This can lead to a smoother, faster closing once your offer is accepted.

📄 How to Get Pre-Approved

To obtain a pre-approval, you’ll need to provide a lender with documentation such as:

• Recent pay stubs
• W-2s or tax returns
• Bank statements
• Your credit history

Your lender will review your financial information and determine how much you’re qualified to borrow. They’ll then issue a pre-approval letter—a powerful tool you can present when making an offer on a home.

Pre-Approval vs. Pre-Qualification: What’s the Difference?

Many buyers confuse pre-qualification and pre-approval—but they’re not the same.  The chart below outlines these differences.