Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,279 contributions
Many people will tell you some sort of date, like 60 - 90 days. But essentially a pre-approval is invalid 10 minutes after given. That is because if anything changes, you lose your job, an emergency forces you to spend your down payment, you miss a payment and your credit score drops, you take out a new car loan, and you debt ratio changes, etc. Those things can obviously change your pre-approval status. But I always tell people that if nothing changes in your life, than you can have comfort knowing the basic pre-approval will continue to be valid.