Home loans with pre-approval
Looking for a home loan that offers pre-approval? The table below displays a list of first-home-buyer home loans from our Online Partners available with pre-approval. The results are sorted first by Star Ratings (highest to lowest), then lowest comparison rate, then alphabetically by brand.

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The initial results in the table above are sorted by Star Rating (High-Low) , then Comparison rate^ p.a. (Low-High) , then Provider Name (Alphabetical) . Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.
What is a home loan pre-approval?
Pre-approval home loans, also known as conditional approval loans, are loans where a lender approves your mortgage application in principle before you’ve found a place you’d like to buy. This conditional approval is not a guarantee you’ll be fully approved for a loan when you’re ready to make an offer on a property, but if you’re in the market and looking to buy, home loan pre-approval can be advantageous in various ways.
Pre-approval home loans can give you a firm idea of how much you can afford to borrow and therefore pay for a home. This means a pre-approval home loan can help you set a realistic buying budget, and hone in on listed properties that are within your price range.
Pre-approval home loans can allow you to bid with confidence at auction, or negotiate strongly on a private treaty sale, knowing you might have a better chance of securing full loan approval from the lender than someone who has not yet sought finance.
Not every lender offers conditional pre-approval, so it’s important to compare banks and other lenders that offer pre-approval home loans to narrow your search and find a suitable lender for your needs.
Why should I get a pre-approval home loan?
Home loan pre-approval is not compulsory. If you decide you’ve found your dream home and the right loan product for your needs, you can apply to your lender without asking for pre-approval.
If you’re still home hunting, pre-approval can potentially be useful to have up your sleeve. Some possible advantages can include:
- Pre-approval typically means you can go from open houses and inspections with a firmer understanding of how much you can afford to spend. You know what price range you can realistically consider, so you can potentially save time by only considering homes you can likely afford.
- Pre-approval lets you make a serious offer on a home on the spot, as both you and the home’s owners can be confident you’re the real deal.
- Because you’ve already done much of the legwork to secure finance, you can potentially speed up the process once the offer has been accepted.
There are a few considerations that could be worth bearing in mind before you choose to apply for conditional pre-approval.
For example, if you apply to a number of different lenders, applications generally involve a credit check, so making multiple applications could potentially negatively impact your credit score.
A pre-approval is also generally only valid for a set period of time, so it is a good idea not to apply too early. Otherwise, the home loan pre-approval may have expired by the time you’ve found a property you want to buy.
Frequently Asked Questions about Pre-approval Home Loans
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Canstar Star Ratings and Awards
Looking for an award-winning product or to switch providers or brands? Canstar rates products based on price and features in our Star Ratings and Awards. Our expert Research team shares insights about which products offer 5-Star value and which providers offer outstanding value overall. We also reveal which providers have the most satisfied customers in our dedicated Customer Satisfaction Awards.
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About the authors
Mark Bristow, Senior Finance Content Producer

Joshua Sale, GM, Research

Important information
For those that love the detail
This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.