Markets where mortgage preapproval matters most

  • Mortgage preapproval could land your client their next home on the first offer.
  • NerdWallet determined San Jose, California the best place where preapproval can help secure the purchase.
  • The states with the most cities on the full list were California, Florida, North Carolina, Michigan, Texas and Tennessee.

If you’ve ever experienced a rejected offer, it could be because your client didn’t get preapproved for a mortgage. And in some places, getting preapproved could be the difference between getting the keys to a new house or grabbing the keys to your car to go see another one.