What’s the Difference Between Pre-Approval and Full Approval?

Here’s something we hear all the time from first home buyers:

“I’ve got pre-approval — that means I’m good to go, right?”

Well… almost.

There’s a big difference between getting pre-approved and fully approved. Knowing the gap could save you from losing a property — or worse, breaching a contract.

Let’s break it down, Nude-style.

🧾 What Is Pre-Approval?

Also called conditional approval, this means:

• The lender has looked at your financials

• They’ve said, “Yep, this looks good — if everything checks out”

It gives you a spending limit, but it’s not locked in until…

✅ What Is Full (Unconditional) Approval?

This is the green light. It means:

• The lender has reviewed the property you’re buying

• They’ve done a valuation

• All your paperwork has checked out

• The deal is done — the money’s yours (once settlement happens)

⚠️ Why You Should NEVER Skip This Step

Pre-approval can fall over if:

• You buy a property the lender doesn’t like

• Your financials change (new job, big purchases, etc.)

• Something in your file doesn’t match up

If you’ve signed a contract thinking you’re sorted — but you’re not fully approved — you could lose your deposit or be forced to scramble for finance.

🧠 How Nude Makes It Easy

We:

• Help you get a genuine pre-approval from lenders that follow through

• Flag properties that might trigger a no (like unusual zoning or apartments with issues)

• Guide you right up to full approval and beyond

👥 Real Story: Adam & Sarah in Preston

They got “pre-approved” by a bank that hadn’t fully checked their documents. They signed a contract on a townhouse — and then got declined.

They came to Nude in a panic.

We:

• Moved fast to a lender who accepted their casual income

• Secured full approval with time to spare

• Got it all settled (and saved the deal)

“We almost lost everything — Nude literally rescued us.”

✅ Want to Get Pre-Approved Properly?

Let’s make sure it’s real — and gets you all the way to settlement.

👉 [Book your free approval chat with Nude Home Loans]