No, you don’t need a lender approval to start using Padzilly. While Padzilly works best when you have a lender approval uploaded, you can still explore homes and use the platform’s features even without one. Here's how it works:
When you first sign up, you’ll be asked to enter your desired mortgage payment limit and available funds limit. These figures help Padzilly filter homes based on what you think you can afford. This initial search will use basic loan guidelines to give you an idea of which homes could fit your budget. However, keep in mind that these are estimates based on general assumptions and may differ from your actual loan approval once it’s uploaded.
While you can browse homes without a lender approval, Padzilly truly shines when your lender uploads your loan approval into the system. With an uploaded approval, the homes you see will be filtered based on your real loan parameters, not just estimates. This allows you to:
See more accurate monthly payments and cash needed to buy each property.
Eliminate homes that don’t fit your actual approval limits, saving you time and effort.
Customize your search using advanced financial tools like seller contributions and down payment adjustments to fit homes into your approval.
Most importantly, Padzilly's OfferPro tool and the ability to add seller rebates/contributions as a filter in SearchPro become available once you’re pre-qualified and your lender uploads your approval to Padzilly. These tools give you even greater control over your home search by allowing you to adjust offers and structure deals with the best possible terms based on your real financial situation.
To get the full benefit of Padzilly, we encourage you to invite your lender to upload your loan approval. You can easily do this within the app by entering your lender’s contact information, and Padzilly will send them an invitation. Once your lender uploads your approval, you’ll have access to the most accurate home search experience, tailored specifically to your financial situation.
You don’t need a lender approval to start using Padzilly, but having one gives you the advantage of seeing homes that truly fit within your loan limits. Additionally, the OfferPro tool and seller rebates/contributions features become available once your lender uploads your approval, giving you even more flexibility and control in your home search.
