Date:
Applicant:
Mortgage Broker or Loan Officer:
License Number ________________
Address _______________________
Phone # _______________________
Loan (describe as follows):
Loan Amount:
Interest Rate:
Interest Rate Lock Expires (if applicable):
Maximum Loan-to-Value Ratio:
Loan Type and Program:
Secondary financing terms (if applicable):
Subject Property:
Mortgage Broker has received a signed application from the
Applicant.
Mortgage Broker has reviewed Applicant's credit report and credit
score and has verified Applicant's income, available cash for a down
payment and closing costs, debts, and other assets.
Applicant is approved for the Loan provided that the Applicant's
creditworthiness and financial position do not materially change prior to
closing and provided that:
1. The Subject Property is
appraised for an amount not less than $________
2. The Lender does not
object to encumbrances to title shown in the title commitment or survey;
3. The Subject Property's
condition meets Lender's requirements
4. The Subject Property is
insured in accordance with Lender's requirements;
5. The Applicant executes
the loan documents Lender requires; and
6. The following
additional conditions are complied with (list):
This Conditional Approval expires on
__________________.
_____________________________
Mortgage Broker or Loan Officer
