Most loans are property specific. A pre-approval means that you most likely qualify for a loan under "normal" circumstances. However, the property itself must also qualify. So, you may or may not. The property that you apply for will need to undergo inspections and appraisals in most cases too. Unfortunately, there is no way to answer your question. You must find a property, actually apply for the loan on that property to find out for certain.
a sincere "best wishes" to you! - Fri Nov 27 2009, 16:29