Without a credit report to confirm your financial profile, we are unable to issue a full pre-approval
To get a complete picture of your financials, it is recommended that we pull your credit. This allows us to give you a more accurate pre-approval amount and interest rate, preventing unpleasant surprises later down the line.
The good news is that the credit bureaus give a 45-day period for multiple lenders to pull credit without creating multiple inquiries that will impact your credit score; all inquiries from mortgage lenders within a 45-day window are lumped together as a single inquiry. This allows buyers to shop around with different lenders without impacting their credit scores.
We can pre-qualify you without pulling credit, but to do a true pre-underwritten pre-approval, we will need to pull a full credit report. Pre-qualifications are not recommended for offers, as most listing agents rely on lenders to complete their analysis before accepting an offer (especially in competitive markets).