How long does a pre-approval last (and when to refresh)
Most pre-approvals are valid for roughly 60–90 days. Here’s what can shorten or extend that window, how to refresh fast, and how to avoid voiding your letter.
Typical validity window
Lenders commonly set pre-approval letters to expire in about 60–90 days. The exact date depends on your lender’s policy and how quickly docs go “stale” (older pay stubs/bank statements usually need updating).
- Income docs (pay stubs): refresh every 30 days
- Bank statements: send most recent 1–2 cycles on request
- Credit: a new hard pull may be needed if your old report ages out
If you’re actively touring homes, plan to refresh before the letter expires—don’t wait until offer day.
When & how to refresh
Refresh triggers
- Letter expires within 2–3 weeks
- New job, bonus/commission change, or overtime shift
- Large deposits or account changes
- Meaningful rate movement affecting your DTI
What to send
- Latest pay stub(s) and bank statement(s)
- Explanations for any new debts or large deposits
- Updated down payment/closing funds path if changed
What can void a pre-approval
- New debt or a major balance increase (car, cards, BNPL)
- Job change or income drop (especially within probationary periods)
- Unexplained large deposits / unsourced funds
- Credit disputes or late payments after approval
If anything big changes, tell your loan officer immediately. It’s usually fixable faster than you think—if they know.
How rate locks interact
A rate lock is separate from pre-approval validity. Locks typically start after you’re under contract and last 30–60+ days depending on the option you choose. Longer locks often price higher and may need extensions if your closing date slips.
How to stay “offer-ready”
- Keep funds consolidated in a verified account
- Avoid new credit; keep utilization low
- Save receipts for EMD wires and transfers
- Ask your lender to tailor your letter to specific offer prices quickly
Disclaimer: Educational info only—not financial advice. Requirements vary by lender, program, and state.