Yes, pre‐approval is one of the most important first steps in the home‐buying process. A pre‐approval letter shows sellers that you are a serious buyer, clarifies how much house you can afford and can help you compete in a tight market. In our 2025 Housing Outlook, we note that mortgage rates are currently in the low‐to‐mid 6 % range and encourage buyers to be pre‐approved and flexible when making offers. Pre‐approval also uncovers any credit issues early and gives you time to address them.

Get started by connecting with a lender through our Get Pre‐Approved resource or using our Mortgage Calculator to explore monthly payments.