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Pre-Qualification Vs. Pre-Approval

Don't mistake a Mortgage Pre-Qualification for a Mortgage Pre-Approval

Why Get a Mortgage Pre-Approval?

West Palm Beach, FLThere’s a big difference between being Pre-Approved for a home mortgage and Pre-Qualified. Home buyers who get pre-approved have submitted documentation and their application has been put through a rigorous process. Pre-qualification is only a preliminary assessment of a borrower’s ability to qualify and requires more time, documentation and examination to confirm eligibility.

Home buyers who choose pre-approval and pre-qualification will have different experiences with the home buying experience.


  • Snapshot or quick review of your income and assets
  • Provides an estimate of how much house you might afford
  • Doesn’t guarantee you have a loan or even settled on a lender


  • Detailed view of your credit worthiness verified by a full review of your income and assets
  • Performed by an Ideal Lending Solutions Mortgage Underwriter
  • All that’s left for final approval is an appraisal, title search and no change in your financial condition prior to closing

With a pre-approval letter from Ideal Lending Solutions in hand, you have the confidence you need to make an offer!

  • Know what you can really afford
  • Negotiate better
  • Show the seller you’re serious
  • Close faster

Let’s talk about your options. We can put time on your side and help you get prepared to have the best possible experience – whenever you’re ready to buy a home.

Ideal Lending Solutions is your premier home mortgage lender in Florida. At Ideal Lending Solutions you will work one-on-one with a dedicated mortgage professional who can explain loan programs and offer great mortgage rates to meet your financial goals.

Ideal Lending Solutions | West Palm Beach | Boca Raton | Jupiter | Aventura
American Financial Network, Inc., DBA Ideal Lending Solutions, is not a government entity; CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821. Click here to view our current licensing information as listed on NMLS® Consumer Access.

Equal Housing LenderAmerican Financial Network, Inc. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.

American Financial Network, Inc. is not acting on behalf of or at the direction of the federal government, and this offer is not being made by an agency of the government.