We pre-qualify applicants for home purchase loans, but does anyone do this for construction loans? Lenders tell me that applicants frequently do not have building specs/plans or a contractor; they basically just want to know how much they can afford to borrow. To me, this is part of the inquiry/application phase since a property has been identified. Opinions?

We have done this for construction loans in the past, however, in my opinion, if they're providing the Bank with a subject property address, I'm not sure how you wouldn't have an application. (assuming you have all the other TRID data points)