What Happens After You Get Pre-Approved?

So you’ve been pre-approved for your first home loan — legends! 🎉

But now what?

At Nude Home Loans, we help first home buyers not just get pre-approved, but actually make it count. Because what you do next can make or break the journey.

Here’s your play-by-play.

✅ First, What Does Pre-Approval Actually Mean?

Pre-approval (also called conditional approval):

• Means the bank has assessed your finances

• They’re happy in principle to lend you up to a certain amount

• But it’s not a final yes until you find a property and get unconditional approval

Think of it like a “green light to go looking” — not a guarantee.

⏳ How Long Is It Valid?

Usually:

• 90 days, depending on the lender

• Can be extended if needed (we help with that)

After that, you may need to update payslips or bank statements to refresh it.

🧠 What You Should Not Do After Pre-Approval

Biggest mistakes we see:

• Changing jobs

• Taking out a new car loan or credit card

• Blowing your savings

• Racking up Afterpay

These can all trigger a re-assessment — and sometimes a decline — when the lender finalises your application.

Nude Tip: Keep your financials as close to what was approved as possible.

🏠 What You Should Do

1. Start inspecting properties

Use your approved range as a guide — but remember:

• You’ll need money for stamp duty, legal fees, and moving costs

• Don’t stretch to the very max unless it’s perfect

2. Get your team sorted

Line up:

• A buyer-friendly conveyancer

• A broker (that’s us 👋)

• A building inspector (for later)

3. Ask for upfront contract reviews

Before you sign anything or bid at auction, send the contract to your legal team.

We’ll also:

• Check the price fits your approval

• Confirm timeframes and conditions

📋 What Happens When You Find “The One”

If Private Sale:

• Make an offer with conditions (e.g. finance clause)

• If accepted, we finalise your loan with the bank

• Property gets valued by the lender

• You get unconditional approval

If Auction:

• You need to be fully ready beforehand (no finance clause allowed)

• We make sure everything’s locked in — no surprises

🔍 Real Example: Liam & Ash in Reservoir

They were pre-approved up to $620k. We helped them:

• Find a home listed at $599k

• Secure it under budget with a finance clause

• Go from pre-approval to settlement in 35 days

“Pre-approval was the start — Nude showed us how to use it properly.”

🔄 What If You Don’t Buy Within 90 Days?

No stress. We:

• Refresh your docs

• Recheck your budget

• Update your strategy if needed

This is normal — and you’ll be sharper the second time around.

✅ Ready to Go From Pre-Approval to Purchase?

We’ll help you:

• Avoid the post-approval mistakes

• Find the right property for your price point

• Finalise your loan quickly and painlessly

👉 [Book your post-approval planning session with Nude Home Loans]

You’ve done the hard part — now let’s finish strong.