How Long Does A Preapproval Last? The time a mortgage preapproval is valid before expiring can vary depending on your lender. But in most cases, it lasts for around 60 – 90 days. Your financial situation can change substantially within a few months.

How long are pre approvals good for?

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.

What happens if my pre approval expires?

What to Do When Your Pre-Approval Expires. You'll notice that your pre-approval letter has an expiration date on it. After that day, it is no longer valid and you can't use it to shop around for homes or take the next step to finalize your mortgage.