Why do some houses say they required a pre-approval through a certain bank?
I’ve been looking through some homes, I’m preapproved through a local credit union but I noticed on the realtor web site it says “Property is being sold ‘as is’. Bank of America Home Loans and VA addendum’s required. Free appraisal if buyer finances through Bank Of America Home Loans. Pre-approval letter from Bank of America required with all offers.”
can someone explain to me why this is? why would it matter where you go to get the mortgage loan?