Hello, We are looking to put an offer on a home, and when I sent over our realtor our "prequal" letter, she said it doesn't hold much weight. I can't seem to find much info on this topic or whether there is a clear answer. Our realtor seems to think that not having a "pre approval" could hurt our chances. Does USAA offer pre approvals?




Thank you for posting your question in the Community. USAA does not offer pre-approvals to our members as any pre-approval would require USAA to pull credit and verify income and assets documents. This process can be lengthy and we felt the prequalifications offered members a much more dynamic option to locate a home. If you would like to discuss your options in greater detail, please contact a mortgage specialist at 210-531-USAA (8722). -Gus

Find another lender. After USAA dragged their feet and did not work on my application for 3 weeks, then turned us down after being with them 10 years and having no debt, all over 800 scores with the credit ratings agencies and documented annual income in six figures we found another lender who gave us a pre-approval (not a prequalification) within 48 hours. Took USAA longer than that to send us their rejection via FEDEX. Shop elsewhere, you'll be glad you did.

Gris Gris Man,

Please see our response here.