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How early to get pre approval?

I had originally planned on buying a house this year, probably in the next few months. However, the owners of the house I am renting decided to sell and I suddenly had a note on my door on Wednesday that gave me 30 days to move. There are no houses in my target price range and no houses I’d like to buy on the market right now that I can see. Even still, 30 days isn’t enough time I don’t think.

So, I’ll have to rent another place, and sign a 12 month lease potentially longer and I’ll probably break the lease if I have to. The rental market is really tight right now too. So my options are super limited.

However, I’d like to know at least what I qualify for, how much I’d need, and all that. So when I am ready, I am more prepared. Would it hurt now to get prequalified even though I won’t be buying for a year or so?

submitted by /u/marty_byrd_
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/luxsbn/how_early_to_get_pre_approval/
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