Is the pre-approval process difficult?

It's not ;)
But it is helpful to know what the process looks like so you can anticipate what a lender will ask for.
Keep in mind if you are co-buying with friends or family members, that each one of you will be required to submit documents and information for pre-approval.
1. Documents you’ll upload 📑
Documents will vary slightly depending on the lender and your use case, but generally the following are required for W2 employees;
- Previous 2 years tax return
- Previous 2 years W2’s
- Pay stubs from last 30 days
- 2 most recent bank statements
- A copy of your photo ID
2. Personal information you’ll submit 🤓
Just like documents, this might have slight variance depending on lender and use case, but largely requires the following for W2 employees;
- Standard contact info
- Birth date
- Social security number (they need this to check your credit)
3. Document review process 🎯
Once you (your group if co-buying) submit your documents and info to your lender, they will review it and make sure everything is in order before assessing how much you’ll be pre-approved for. This is generally a quick process and can take as little as 24 hours if all of your documents and information are in order.
Your pre-approval coordinator 👯
Don’t worry! You’ll have a pre-approval coordinator at your side the entire time in case you have questions or trouble finding specific information that is required. They generally respond within a few hours of questions you may have and can generally be reached via email, text, and phone.