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919-621-9352

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  • Home
  • Our Listings
  • All About Jackie Gautreau
  • Buying a Home
  • Selling a Home

First Step to Buying a Home in North Carolina

Direct Answer

 The first step to buying a home in North Carolina is getting pre-approved by a lender so you know your budget and can make a credible offer. 

Why pre-approval matters

 Pre-approval confirms what a lender is willing to loan based on income, credit, and debt. Sellers typically require it before accepting an offer. 

What buyers should prepare

  • Recent pay stubs and W-2s 
  • Bank statements 
  • Credit review 
  • Monthly debt information

Common mistakes to avoid

  •  Shopping before knowing your budget 
  • Making large purchases during pre-approval 
  • Confusing pre-qualification with pre-approval

FAQs

What is the difference between pre-qualification and pre-approval?
Pre-qualification is an estimate. Pre-approval is lender-verified.

                 

How long is a pre-approval good for?
Most are valid for 60–90 days.


Can I look at homes before pre-approval?
You can, but you risk losing homes without it.

 Related home buying resources

 Mortgage Preapproval 

 Appraisal vs Inspection 


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