Mortgage Pre-Approval 2025: Pre-Approval vs Pre-Qualification, Documents Needed & Credit Score Tips
Don’t forget to subscribe for more homebuyer guidance from Kristy Lea. / @newhomenavigator Are you trying to understand the difference between pre-approval vs pre-qualification before buying a home in 2025? In this video, Kristy Lea, your New Home Navigator, sits down with mortgage loan originator Lady Trena Foes to break down the full mortgage pre-approval process and explain what lenders really look for in 2025. We walk through all the documents needed for pre-approval, including paystubs, W-2s, bank statements, tax returns, and proof of income. You’ll also learn how to improve your credit score to buy a house, how down payment assistance works in 2025, and what self-employed homebuyers need to prepare. If you want clear, step-by-step first-time homebuyer tips 2025, home loan requirements, or guidance on how to get pre-approved for a home, this video gives you everything you need to get the keys and start house shopping with confidence. TIMESTAMPS 00:00 – Welcome with Kristy Lea & Lady Trena 00:22 – What Is Pre-Qualification? 01:05 – Moving to Pre-Approval 01:40 – Documents Needed for Pre-Approval 02:35 – Paystubs, W-2s, Tax Returns, Bank Statements 03:40 – Down-Payment Assistance & Gifts 04:15 – Credit Score Habits for 2025 04:30 – Why Payment History Matters 05:00 – Your Pre-Approval Letter Explained 05:40 – Working with a Trusted Realtor I proudly serve Sherman, Denison, Anna, Van Alstyne, McKinney, Melissa, Prosper, and the Texas Instruments (TI) relocation market. Whether you're a first-time buyer or relocating for work, I’m here to guide you home. 📲 Let’s Connect Our Website: KristyLeaProperties.com Download my home-search app: https://kristyleakyles.exprealty.com/... #HomebuyerTips #Mortgage2025 #PreApproval #RealEstateEducation #KristyLea #TrenaFolks
