How long does a pre-approval take and how long does it last?

Getting pre-approved typically takes a lender a short window once a buyer submits the required documents, though the exact pace depends on how quickly income and credit can be verified. Most pre-approval letters stay valid for a limited period before a lender needs updated documentation to reissue one. Joel Boss recommends buyers time pre-approval close to when they plan to start touring homes so the letter stays current through an offer.