Do I Need a Pre-Approval Letter to Make an Offer On A Home?

Do I Need a Pre-Approval Letter to Make an Offer? Yes! In our current market here in Southern California, if you plan on buying a home with a loan, a pre-qualification letter from a lender is needed in order for an offer to be taken seriously. I highly recommend you get pre-qualified before you even start looking at homes.

If you would like to take it a few steps further and make your offer that much stronger, you can choose to get a pre-approval. Although a pre-approval is not typically necessary, it may be a good idea simply to ensure that there are no surprises when its time for your loan to fund as well as the ability to compete with all-cash offers.

If you are thinking about buying a home in Los Angeles, speak to a lender as soon as possible so you can get pre-qualified!

Learn the difference: Pre-Qualified vs. Pre-Approved