Can I Go Over My Pre-Approval Amount?

Can I go over my pre-approval amount? If you’re shopping for homes outside of your pre-approval limit, then learn where the extra funds need to come from in this video, “Can I Go Over My Pre-Approval Amount?”:

What if You Shop Outside Your Pre-Approval Amount? 

So what exactly happens if you shop outside of your pre-approval amount? For instance, let’s say that you are approved for $300K, but you find your perfect home at $325K. Where does that extra $25K come from? You will have to talk to your lender about this, but more than likely that $25K is going to come from your pocket as cash that you will bring to the closing table.

Your lender will tell you how much your closing costs are and what your down payment will be according to your loan. So if you go over your pre-approval amount limit, the amount of the home over your pre-approval amount will be an additional amount to the other fees that you will have to bring to the closing table.

More Common Questions about Buying A Home

As you probably already know there is a lot to the home buying process. If you have more questions about buying or building a house, don’t worry! We have a list of common questions that homebuyers have HERE

If you don’t see your question on this list, then please reach out! I would love to answer all of your buying questions. 

Want more information? Download my Homebuyers Guide: Homebuyers Guide

If you’re a first time home buyer, download this Buyers Guide: First Time Homebuyers Guide 

Have More Questions About Buying a House in Birmingham, AL?

So should you shop for homes outside of your pre-approval amount? Now you know what to expect if you choose to do so! There is so much to know about the homebuying process, so make it easier on yourself and have an expert real estate agent guide you through the process. If you’re looking to buy or build a home in the Greater Birmingham, Alabama area, let me help you. If you’re new to the Birmingham area or looking to relocate to Birmingham, Alabama, please feel reach out to Dianna Howell with The Howell Group: 205-568-5435 or 

For information on Pelham, Alabama or Birmingham in general, contact real estate agent Dianna Howell, a top buyers agent in the Birmingham, Alabama area. 

Visit our website for more information on the Birmingham area: 

🔑🏡 Want to learn more about the buying process? Then read this article for 6️⃣ easy tips: Six tips to Buying a Home 

📕 Read more about the Birmingham area in this post: Relocating to Birmingham, Alabama

I have plenty of resources and information to provide including my expert help. Call me today and let’s get started on the search for your new home, whether you want to buy or build! 


Dianna Howell

The Howell Group of Keller Williams in the Birmingham Alabama area

Top Birmingham Real Estate Agent