Conditional approval means you’re likely to be approved for a loan, as long as you meet certain criteria. Learn about how it works and the benefits.

A conditional loan approval is one step beyond a prequalification, but it's a sign that more information is needed. Credit: Pixabay Conditional loan approval is not the same as preapproval.

What does conditionally approved mean? Use our guide to learn more and how it relates to your home purchase and certain scenarios you need to be aware of in the process.

Conditional approval is not the same as a preapproval. It usually comes after preapproval but before you receive a mortgage approval letter. Keep in mind that getting conditionally approved doesn ...

Here's how to get a preapproval letter for a car loan. An auto loan preapproval is a conditional approval in which a lender declares they are willing to extend financing, up to a specific price ...