Once approved how long do you have to find a home

Depending on the lender, usually the credit report and other document are good as long as you close on the loan within 120 days. Worste case you would have to provide some updated income and asset statements, and a new credit report would be required. Some lenders re-check credit after a shorter time, but that is generally their internal requirement not part of the guidelines

Most lenders will need to pull a new credit report every 90 days until you close.. so for that reason, it's best you find something once you get approved and close on it before 90 days.. If you go longer than 90 days and then if something pop's up on your credit report, it could cause your loan to be denied.. But typically, most loan officers will say your pre-approved for 90 to 120 days.. Understand that a pre approval is not guaranteed financing.. Your loan officer looks at your application, credit report, and all your supporting documentation and determines based on his experience that he can get you financing, but he does not have the final say so.. a complete loan package must be sent to the underwriter.. it's the underwriters job to determine if your file meets all eligibility requirements.. they analyze EVERYTHING.. Keep in mind that they are looking out for the best interest for the investor.. so if there is any discrepancies or any gray area items, they will err on the side of caution.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347