Different from last week's term (pre-qualification) A Pre-Approval is an evaluation of a potential borrower by a lender that determines whether the borrower qualifies for a loan from the lender, or the maximum amount that the lender would be willing to lend. The pre-approval process involves a thorough look into the income and expenses of the borrower, including a look at the borrower's credit report and score. WITH A PRE-APPROVAL IN HAND WE CAN FIND YOU A HOUSE!