Credit scores often feel like a mystery wrapped in a riddle, sprinkled with anxiety. And when someone mentions getting pre-approved for a mortgage, the first thing people ask is: Will this mess up my credit?
If you’re preparing to buy a home—or helping someone else do it—here’s the honest, simplified answer, with just enough wit to keep things digestible.
First, What Is Pre-Approval, Really?
Pre-approval is a lender’s way of saying, “We’ve looked at your finances and we’re willing to loan you up to X amount.” They review your income, debts, credit report, and more. It helps you shop for a home with confidence and shows sellers you’re a serious contender.
But yes, it involves checking your credit.
Will It Affect My Credit Score?
Slightly. When a lender runs a hard inquiry on your credit report as part of pre-approval, your score can dip—generally by fewer than 5 points. It’s temporary, and for most people, it barely causes a ripple.
This isn’t like forgetting a payment or maxing out a card. It’s more like stepping on the scale after a salty dinner—noticeable if you’re watching closely, but not a lasting issue.
Hard Pull vs. Soft Pull: What’s the Difference?
- Soft Inquiry: No impact. Used for pre-qualification offers or background checks.
- Hard Inquiry: Small and temporary effect. Used when you apply for actual credit, like a mortgage.
Mortgage pre-approvals require a hard inquiry because lenders are making a serious lending assessment.
Pro Tip: Shop Smart, Not Scattered
Credit bureaus give you a “shopping window”—usually around 14 to 45 days—during which multiple mortgage-related credit checks are counted as a single inquiry. So, if you’re comparing lenders (which you should), do it in a tight time frame to avoid unnecessary score hits.
When It Matters More
If your score is teetering on a threshold—like 620 or 680—even a 4-point dip might bump you into a higher interest rate category. In those cases, ask your loan officer about timing. A little planning can go a long way.
What Impacts Your Score More Than a Pre-Approval?
- Consistently late payments
- High credit utilization
- Short credit history
- Too many open credit accounts
Pre-approval is a blip. Good credit habits are what count.
A Quick Scenario
Imagine Sam has a 728 credit score and applies for pre-approval. After the credit check, the score drops to 724. Sam still qualifies for great rates and now has a clear idea of how much home is affordable. That tiny dip? Worth it.
Final Word
Pre-approval is one of the smartest moves you can make when buying a home. Yes, it affects your credit score a little—but it also positions you as a serious buyer, helps you set a clear budget, and gives you a major edge in a competitive market.
Don’t let credit fear stall your progress. Shop smart, get informed, and move forward with confidence.
FAQs
How long does a hard inquiry stay on my report?
Up to two years, but it only influences your score for about a year.
Can I get pre-approved by more than one lender?
Yes. Just do it within the same shopping window to minimize the impact.
Does pre-qualification affect my score?
Nope. Pre-qualification usually uses a soft pull and won’t change your score.
