I have a buyer in New York wanting to purchase in Miami. Can he use the pre-approval from his state? Can you please advice on anything else I might need.

Thanks.

I don't think the "State of New York" issued him a Pre-Approval Letter.

It was probably some Lending Institution. If that Bank or Mortgage Company is also licensed to transact business as a Lender in Florida, then the Pre-Approval is probably just as good as if one of their Florida Offices issued it. Was the Letter for a Primary Residence? . . . . or a 2nd Home? What will the Florida Property be?

If they are not licensed in Florida, then the Letter is worthless in terms of adding a level of confidence on an Offer in the "State of Florida".

Check with your Florida Banking and Insurance Commission and get the low-down on the Lender's Status in Florida . . . . if any.

JMHO.

If the lender who issued the preapproval is licensed in Florida.... it is valid.