Prequalification Vs Preapproval – What’s The Difference?
Published 3 hrs ago
Conventional Loans, Education, FHA, First Time Home Buyers, VA
What is the difference between being prequalified and being preapproved by a lender for a mortgage? This flyer describes what being prequalified or being preapproved means to a homebuyer.
National Rate Averages
Calculated from actual locked rates from consumers nationwide. Powered by .
Conv. 15-Year Fixed
Conv. 30-Year Fixed
FHA 30-Year Fixed
Jumbo 30-Year Fixed
Average interest rate values are calculated from actual locked rates with consumers across more than 30% of all mortgage transactions closed nationwide. For more information on how these indices are calculated, read more.