Mortgage Pre-Approval Before You Make an Offer

In a competitive Las Vegas housing market, submitting an offer accompanied only by a pre-qualification letter puts buyers at a disadvantage.

A true pre-approval means a loan originator has reviewed your credit history, pay stubs, W-2s, and asset accounts, running the scenario through automated underwriting (Fannie Mae DU or Freddie Mac LP).

Listing agents and sellers in Clark County favor pre-approved buyers because the likelihood of financing falling through at the eleventh hour is dramatically reduced.