Realtor has been told by buyers that their credit scores are 700 plus. And, buyer shows Realtor Credit Karma “happy credit scores”. Realtor spends many hours and days searching and previewing properties to find one that is acceptable to buyers. Offer is submitted and offer is accepted.
Borrowers now apply for a loan. Loan officer runs a residential mortgage credit report with FICO scores. Scores are much lower than the Credit Karma. Borrowers don’t qualify.
Never, ever listen to borrowers that have told you they’ve run their own credit. Guard your valuable time. Make them get pre-approved first.