pre-approval letter

noun

An official document confirming that an applicant for a mortgage has been qualified to borrow a certain amount of money at, or below, a specific interest rate.

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Meanings

nounpre-approval letter (plural pre-approval letters)

plural pre-approval letters

  1. USbusinessAn official document confirming that an applicant for a mortgage has been qualified to borrow a certain amount of money at, or below, a specific interest rate.
Cite this entry
APA

pre-approval letter. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/pre-approval%20letter

MLA

“pre-approval letter.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/pre-approval%20letter. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “pre-approval letter,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/pre-approval%20letter.

Source: pre-approval letter on Wiktionary, CC BY-SA 4.0.