Soft Credit Pulls #fhaloan #firsttimehomebuyer #homebuyer #homeloans #interestrates

A soft pull on your credit report can be a great way to get a sneak peek at what your financing picture looks like when preparing for a home loan. We're able to see your numbers, we can look at your ratios, we can get your credit report, we can see your liabilities, we can kind of put everything in place and do the eye test to see what your qualifications look like. It's also not a hard inquiry. But the big difference, the one thing the soft polls don't have is they don't sync up to the automated underwriting systems which are more or less computers that conventional and FHA and VA and USDA use to grant the full on approval. So they just don't recognize the soft credit pull report. That's why you have to get a full on credit report before you're going to actually go live on getting pre approved and get a loan. But for the initial steps you can have it with no impact to your credit score. We can do a soft pull, take a look and get you a pretty darn good idea of what your qualifications are.