Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Pre-Approval

California Association of Realtors

Updated 10-31-2026

Pre-Approval

The process of determining how much money you will be eligible to borrow before you apply for a loan.

California Association of Realtors Glossary

California Association of Realtors · p. 10

FTC

Updated 10-31-2026

Pre-Approval

A process by which a lender provides a prospective borrower with an indication of how much money he or she will be eligible to borrow when applying for a mortgage loan. This pro-cess typically includes a review of the applicant's credit history and may in-volve the review and verification of in-come and assets to close.

FTC Real Estate Terms

FTC · p. 14

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