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Updated 12 months ago on . Most recent reply

Can a seller see if I am approved for a mortgage through multiple lenders?
I am under contract for my my first property, which would also be my primary residence, and was pre-qualified/approved through lender A which is on the contract. There is a mortgage contingency on the contract. If I am also pre-qualified/approved with two other lenders, B and C, and lender A denies financing, can the seller see that I am approved with other lenders? Essentially I want to know if the deal can be killed at my discretion as soon as lender A denies financing or if I would then have to get denial letters from lenders B and C as well to kill the deal.
Most Popular Reply

Jeff - the seller will only know what you tell them. If you haven't provided prequal letters from B and C, you will not have to provide denial letters from those lenders as well. The only way a seller would have that information is if you physically provide it.
If you have only disclosed prequalification through Lender A, you would only need to provide a denial letter from that lender.