Once you have your preapproval letter, you may be wondering how long it lasts. Your income, credit history, interest rate — think about all the different ways your finances can change after you get your letter. For this reason, a mortgage preapproval typically lasts for 60 to 90 days.

How long do pre approval letters last?

If you’re preapproved, you’ll receive a preapproval letter, which is an offer (but not a commitment) to lend you a specific amount, good for 90 days.

Do mortgage approvals expire?

Lenders can’t commit to pre-approving a mortgage for any borrower indefinitely, which is why pre-approvals have a shelf life. … Most mortgage pre-approvals are valid for 30-90 days and then after this window ends, your pre-approval letter will expire.