Notwithstanding any Seller required pre-approval, Buyer is not required to obtain financing from CHL or Seller- Buyer may obtain financing from any source..

RUST,  For a loan below $417K, it's possible to get a FNMA approval within 2 minutes of submission of an application, with all conditions showing.

Weight is given to credit score, assets, income and LTV, etc.

The actual cost for this is a max of $40, including credit report and FNMA submission fee.

The "findings" will list what needs to be verified. It's basically an underwritten loan, just needs to be verified by an underwriter.

If you list assets or income that cannot be verified, the approved findings become meaningless.

May need to be able to prove what is listed.

A strong borrower may not need to verify income, just verify their job and assets.