How Long Does Mortgage Approval Take After Pre-Approval?
Thinking about buying a home on Vancouver Island? Whether you’re searching for an Affordable Place to Live in Port Alberni, a Retirement Community in Parksville or Qualicum, or one of the Best Places to Retire on Vancouver Island, understanding the mortgage process is key.
Getting pre-approved for a mortgage is the first step — it helps you know what you can afford and shows sellers you’re a serious buyer. But how long does it take to move from pre-approval to full mortgage approval?
In most cases, mortgage pre-approval takes 1–3 days, while final approval after you’ve found your home can take 1–2 weeks, depending on your lender and property appraisal. Pre-approvals are usually valid for 90–120 days, giving you time to explore Affordable Retirement Homes, Patio Homes, or Rancher Homes for Retirees in Port Alberni.
Ready to start your homebuying journey?
I can connect you with trusted lenders and help you find the perfect home — whether you’re downsizing to a Condo for Sale in Port Alberni or embracing Island Living surrounded by outdoor activities and a welcoming Sports Community in Port Alberni.
Contact Rosanne Doiron
REALTOR® | Seniors Real Estate Specialist® (SRES®)
RE/MAX Mid-Island Realty
RosanneRealEstate.ca
