What is the Difference Between Pre-Approval vs. Pre-Qualification in Oahu, Hawaii

Pre-Approval vs. Pre-Qualification

Why do you need a Pre-Approval rather than just a Pre-Qualification (pre-qual)? Hi, my name is Fawn Bertram with Homes by Fawn. Did you know, offers are usually not accepted in Hawaii with a pre-qual? We’ve helped hundreds of buyers from making huge mistakes when purchasing a home.

A pre-qualification is NOT a true pre-approval. Doing a pre-qualification is the initial step in the home loan process. A pre-qualification is where you discuss your financial situation with the loan officer, but nothing is verified. The pre-approval is where the buyer actually provides the lender with all of the necessary documentation. The lender will be able to tell you, what you are pre-approved for, which loan product is the best option and give you a better idea of what the interest rates are.


You want to go through the entire pre-approval process. The lender will verify your employment, your taxes and bank statements. They will verify all documents given to them, in order to let you know how much you are pre-approved for and what your monthly payments will be.

It’s essential that you do this first before shopping and looking for a home. Otherwise you may lose out on your dream home to another pre-approved buyer or the home is priced out of your budget. Don’t make this huge mistake, call me 808-439-1077 and let me walk you through the safest and most strategic way to become a homeowner. Don’t forget, it’s free to have an agent represent you. The seller pays for my fees. I am here to protect your best interests, help and guide you through the home buying process and negotiate the best deals and terms for you.

More Information

For more information on this, and to find out how you might qualify for a home loan, give me a call 808-439-1077 or email Working with some of the best lenders in the business, they can offer very competitive rates, terms and close on time. If you are interested in speaking with any of these lenders, I would be happy to connect you. I look forward to hearing from you and assisting in your home search and purchase. As always, make it a great home buying and selling day!

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