What Does Pre Approved For An Apartment Mean - You’ll need to provide the lender with documents like bank statements, w2s and pay stubs. It's a preliminary assessment of your eligibility to rent a unit based on financial stability, rental history, and other criteria. Arriving at this step reduces the size of your search circle. Preapproval for an apartment means a landlord or property company has checked your financials and thinks you could be a good tenant, but it’s not the final green light.
Preapproval for an apartment means a landlord or property company has checked your financials and thinks you could be a good tenant, but it’s not the final green light. Arriving at this step reduces the size of your search circle. You’ll need to provide the lender with documents like bank statements, w2s and pay stubs. It's a preliminary assessment of your eligibility to rent a unit based on financial stability, rental history, and other criteria.