When you find the correct property you want your offer to be seriously considered, especially if you are in competition with another buyer. A proper pre approval insures that a strong case can be made on your behalf.
To qualify for a mortgage loan we look for 2 years consistent employment, with no gaps, with consistent or increasing salary. Based on what you said, you should be fine.
Not sure what the hold up is with your Lender to get the Prequalification Letter (same thing as preapproval, but with the correct name).
I've Prequalified 7 people so far this week and each client had their Prequalification completed within 24 hours of our first contact.
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
Academy Mortgage Corp
Cliffco Mortgage Bank