Pre-approval is the single most powerful advantage a buyer can carry into the market. It tells you exactly what you can borrow, it shows sellers you are serious, and it protects you from falling in love with a home you cannot afford.
Wiz's tip
Michael can refer you to lenders he has worked with and explain every document in plain language. The pre-approval conversation is free, and it is the smartest first step you can take.
The steps, in order
01
Choose your lender
A reputable lender, bank, or credit union that responds quickly and explains clearly. Michael works with lenders he trusts across the Treasure Coast and South Florida.
02
Gather your documents
Two years of tax returns, W-2s, recent pay stubs, two to three months of bank statements, and identification. Self-employed buyers bring profit and loss statements.
03
Apply and review
The lender pulls your credit, verifies income and assets, and issues a pre-approval letter with the loan amount and terms you qualify for.
04
Stay disciplined
Do not open new credit, change jobs, or make large unexplained deposits between pre-approval and closing. Any of these can delay or undo the loan.
Pre-qualified vs. pre-approved
Pre-qualification is a quick estimate based on what you tell a lender. Pre-approval is a verified review of your credit, income, and assets that results in a written commitment. Only the pre-approval letter carries real weight with sellers and listing agents.
Does pre-approval lock your rate?
Not usually. A rate lock is a separate step that holds a specific interest rate for a set window, typically 30 to 60 days. Your lender can lock the rate once you are under contract. As of early September 2026, the average 30-year fixed rate was around 6.7 percent, and rates move, so plan for a range and lock when you have a contract.