Know what you can borrow before you find a property.
Get your credit limit in writing, then generate a pre-approval letter for any property yourself. One verification, a soft credit pull, and no phone tag to start.
Free with your account. Soft credit pull only, and no obligation to borrow.
How it works
Five steps, and only three of them are yours.
The whole flow lives in the Borrower Portal. Start it on a Tuesday night, finish it when your documents are ready.
Pick your entity
Choose an organization you already have, or create a new one. Not formed yet? Check one box, keep your place, and name it later.
Tell us what you hunt
Project types, deal volume, average deal size, target market. This is what sizes your limits to the work you actually do.
Verify once
Entity documents, ID, a soft credit pull, a background check, two months of statements. Your project history we pull ourselves.
We review
Nothing left for you to do. We look at the credit, background and financials and come back with a decision.
Get it in writing
A Credit Commitment Letter with a total active loan amount and the number of projects you can run at once.
Verification
One document run, then you stop repeating yourself.
This is the heavier part, and it is the part that turns a pre-approval into the highest limits you qualify for. Do it once, up front, instead of scrambling for it while a seller waits.
- Entity documents. EIN letter, formation docs, operating docs. Exactly which ones depends on whether you are an LLC, a corporation, a partnership or a trust, and the portal tells you.
- A soft credit pull. Soft only. It does not affect your score, and there is no hard-pull path in this flow.
- Background check and statements. Your two most recent months, all pages, from an account tied to the entity or its owners.
- Experience and track record. We do this for you. Upright pulls your full project history from our own records, so there is nothing to track down.
The payoff
Two letters. You control both.
The first tells a seller what Upright has committed to you. The second names the property you are chasing this week, and you make it yourself in seconds.
The Credit Commitment Letter
Issued once you are pre-approved. It sets a total active loan amount and the number of projects you can run at once, so an agent can see how much you can take on right now, not just on this house. It is valid for 90 days. After that, updated documents may be needed to renew it.
Purchase pre-approval letters, on demand
Enter an address and a purchase price and the letter is generated, with a record of every one you have made. Offer due at five o'clock on a Sunday? You do not need us to be awake.
