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.