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Does pre-approval hurt my credit?
Short answer
It usually involves a credit check, which may lower your score slightly. Shopping several lenders within a short window usually counts as one inquiry.
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People also ask
Does pre-approval guarantee a loan?›What is the difference between pre-qualified and pre-approved?›What documents do I need for mortgage pre-approval?›How much down payment do I need to buy a house?›How long is a mortgage pre-approval good for?›Will shopping for a mortgage hurt my credit?›What should I avoid after getting pre-approved?›
Official sources
- CFPB: buying a houseconsumerfinance.gov
- HUD: find a housing counselorhud.gov
- VA: home loansva.gov