Posting a Float Loan

If you want to receive pre-approval on a loan before the property address and appraised value are available, you can post the loan as a float. This lets you lock in a rate and fee with a lender before the borrower makes their offer on a specific property.

To post a float loan:

1. Complete the loan form as normal. The only normally required fields that can remain blank are: property address, city, state, zip, and appraised value.

2. Place a checkmark in the Float Loan checkbox in the Ask Price section of new loan or view loan.

You cannot float a Guaranteed Accept loan.