First Home Buyers
First Home Buyers
May 31, 2025
by

Nude Home Loans

What Happens After Home Loan Pre-Approval?

What Happens After Home Loan Pre-Approval?

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.

need a loan?

Let's strip that down together

The Road To Home Ownership Starts With A Single Step.

Nude Home Loans was established with one primary goal - Let's get every Australian into the property market.

We believe the best way to do this is by providing you with the tools and information to make an informed decision about your home loan without the stress or hassle commonly associated with the process.

We strive to make your journey to home ownership an easy and enjoyable one, because it is an exciting journey, and we believe it is something to celebrate.

need a loan?

The Road To Home Ownership Starts With A Single Step.

Nude Home Loans was established with one primary goal - Let's get every Australian into the property market.

We believe the best way to do this is by providing you with the tools and information to make an informed decision about your home loan without the stress or hassle commonly associated with the process.

We strive to make your journey to home ownership an easy and enjoyable one, because it is an exciting journey, and we believe it is something to celebrate.

need a loan?

The Road To Home Ownership Starts With A Single Step.

Nude Home Loans was established with one primary goal - Let's get every Australian into the property market.

We believe the best way to do this is by providing you with the tools and information to make an informed decision about your home loan without the stress or hassle commonly associated with the process.

We strive to make your journey to home ownership an easy and enjoyable one, because it is an exciting journey, and we believe it is something to celebrate.

Nude Home Loans Pty Ltd
ACN 670 555 030 is credit representative number 554048 of Buyers Choice Licensing Pty Ltd ACN 626 172 281 (Australian Credit Licence No. 509484).

Nude Home Loans Pty Ltd
ACN 670 555 030 is credit representative number 554048 of Buyers Choice Licensing Pty Ltd ACN 626 172 281 (Australian Credit Licence No. 509484).

Nude Home Loans Pty Ltd
ACN 670 555 030 is credit representative number 554048 of Buyers Choice Licensing Pty Ltd ACN 626 172 281 (Australian Credit Licence No. 509484).