The future of home buying is instant
Connect the accounts you already use. Your income and assets are verified automatically. You walk away with a letter you can attach to an offer.
No credit check · No documents · Free · About 90 seconds
Approved up to
Example letter. A Preqly letter is a verified qualification, not a final loan approval.
What this is
A Preqly pre-approval is a verified qualification letter built from your connected bank data, issued in about 90 seconds. No document uploads. No credit inquiry at this stage. It's strong enough to attach to an offer.
Everyone verifies the same things. The difference is whether a person has to read your documents first.
No credit inquiry, so there's nothing to lose by checking.
Start my pre-approvalTrusted partners
How it works
Link the bank accounts you already use. Read-only, so it confirms income and assets but never moves money.
Income, assets and credit position are checked automatically. This replaces the pay stubs and tax returns other lenders ask for.
Your amount, loan program and expiry date, ready to attach when you write an offer.
See the full walkthrough, including what happens to your data →
Your data
This is the part people pause on, so here's exactly what happens.
The connection can see balances and transaction history to confirm income and assets. It cannot move money, and it never has permission to.
Data is encrypted in transit and at rest, using the same standards banks apply to their own systems.
You choose which accounts to connect, and you can disconnect them at any point after your letter is issued.
Buying power
Lenders work backward from your debt-to-income ratio. Move the sliders to see roughly where you land.
Based on a 43% debt-to-income target
Based on what's left for housing after your existing debts.
An estimate, not a pre-approval. Assumes a 30-year term and reserves about 25% of the housing budget for taxes, insurance and mortgage insurance. How DTI is calculated →
What it takes
A soft inquiry doesn't affect your score. A hard inquiry can. Neither happens here. Read more →
| Preqly | Upload-based | Bank branch | |
|---|---|---|---|
| Time to letter | About 90 seconds | 1 to 3 days | 3 to 7 days |
| Documents | None | Pay stubs, W-2s, returns | Full file |
| Credit inquiry | None at this stage | Usually soft | Usually hard |
| Loan officer | After the letter | Varies | From the start |
Scroll sideways to see all columns.
Want a person from day one? A bank branch is genuinely better for that, and we'd rather say so.
Free, and it can't affect your credit score.
Start my pre-approval90 seconds · No documents
Ready when you are
If you’re a real estate agent or loan officer, a buyer without financing is a buyer who can’t offer. Partner access lets you get them verified while they’re still standing in the house.
Explore
The detail lives on its own pages, so you’re not scrolling through it here.
Questions
About 90 seconds. Upload-based lenders take one to three days, a bank branch three to seven, because someone has to read your documents first.
No. There's no credit inquiry at this stage, so getting your letter cannot affect your score. Credit is reviewed later, once you work with a loan officer. Soft vs hard inquiries.
None. Income and assets are verified through a read-only bank connection instead of pay stubs, W-2s and tax returns. What other lenders ask for.
No. It's a verified qualification, not a commitment to lend. Final approval follows underwriting, an appraisal, and a fresh look at your credit and employment.
No. There is no fee for a pre-approval and no fee to have the letter reissued at a different amount. Preqly is paid by the lending partner if you go on to take a loan, so the cost never lands on you.
No. Preqly is not a lender, creditor or mortgage broker. Loan products are offered in partnership with federally chartered banks and lenders. See our licensing and disclosures.
The connection is read-only, so it confirms income and assets but can never move money. We do not sell financial data, and you can disconnect an account once your letter is issued.
Get in touch
Not ready to apply, or want something explained first? We're here for the whole mortgage journey, not just the letter.
[email protected]
General questions, usually answered same day
Available 24/7
Instant answers, bottom right of any page
Chicago, Illinois
118 N. Clinton St. Suite 301, Chicago, IL 60661
Please don't send account numbers or financial details here. If you're ready for a verified number, start your pre-approval instead — it takes about 90 seconds.
Independent sources
Verified income and assets. A letter in about 90 seconds.
Start my pre-approvalNo credit check · No documents · Free · About 90 seconds
