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Released  January 17, 2017
By Megan Greuling

Using the LendingTree’s Prequalification Offers Product does not guarantee consumers will get a loan. Rather, a prequalification is a lender’s estimate of how much you could be eligible to borrow based on information you supply directly to the lender. LendingTree offers this service for free and you can obtain multiple prequalification letters from lenders so you can shop for a new home with an estimated budget in mind.

The pre-qualification you receive is based upon preliminary unverified information, which although deemed to be reliable, is not guaranteed to be correct. A final loan decision cannot be made until a complete mortgage application and supporting documentation is received and verified by the lender you choose to finance your home purchase. Your prequalification letter does not guarantee loan approval, nor is it an offer or commitment to make a loan at current advertised rates or terms found on LendingTree’s Website. Interest Rates are subject to change without notice and may affect the loan amount for which you qualify. Product and services may not be available in all states.