1. Check Your Credit: Lenders will assess your credit score and history.

2. Gather Documents: You’ll need recent pay stubs, tax returns, W-2s, bank statements, and ID.

3. Choose a Lender: Shop around for competitive rates.

4. Submit an Application: Provide the necessary documents and complete the preapproval process.

5. Receive Preapproval: Once approved, you’ll get a letter stating your loan amount and terms.

This letter helps demonstrate your credibility as a buyer and is typically valid for 60-90 days

Preapproval gives you a clear idea of your budget, making it easier to search for homes within your price range. It also gives you an advantage when making an offer, as it shows sellers that you're a serious buyer with financing in place.

By understanding the preapproval process and following these steps, you'll be better prepared and confident as you embark on your home-buying journey.