How long does it take to get pre-approved for a home loan?

I talked over the phone this morning with a loan officer with a bank and I faxed him all the paperwork he said he needed. He did say that if he needed anything else that he would call me and then that he would call me to let me know if I was approved. Oddly enough he told me how much my payments would be a... show more I talked over the phone this morning with a loan officer with a bank and I faxed him all the paperwork he said he needed. He did say that if he needed anything else that he would call me and then that he would call me to let me know if I was approved.

Oddly enough he told me how much my payments would be a month....is that a good sign?

How do they verify your income if it is social security? Do they go off the letter of award that I got from social security?

So..how long till I know if I am pre-approved?
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