Every homebuyer should understand that there are two steps involved in a loan which is getting pre-qualified and pre-approved. They may be inclined to have a stricter credit score requirement and other underwriting criteria though. Getting pre-qualified can definitely be helpful when it comes to making an offer to a seller. This brings us to our next point, which is:PRE-APPROVALA pre-qualified buyer doesn’t carry the same weight when it comes to being pre-approved. If you find yourself below the required credit score, work with your lender in order to have suggestions to improve it.