What’s the Difference Between Pre-Approval and Pre-Qualification?

Getting ready to buy a home? Don’t confuse pre-qualification with pre-approval—they’re not the same in the eyes of Omaha sellers.

Pre-Qualification

• Quick estimate based on unverified info

• Useful for early planning

• Not taken seriously in competitive markets
  

Pre-Approval

• Lender verifies credit, income, and assets

• Gives you a purchase amount and rate

• Strengthens your offer significantly
  
  

Why It Matters
A pre-approval shows sellers you’re serious—and ready to go.

Conclusion:
Start with pre-approval to give your home search real power.
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