Become a more competitive buyer without spending extra money

Most buyers know to get pre-approved for a loan when home shopping, but they typically don’t go one step further to get a fully underwritten pre-approval letter.  This means the buyer has been fully approved for their loan amount, and they just need to locate a property. 

It costs no money to get the most competitive approval letter possible.  Our team has had clients beat out other buyers who offered more, just because the seller felt more comfortable that our clients were fully approved.  

In order to be fully approved, a buyer submits all of their documentation through automated underwriting. This means the lender has verified employment, assets, debt-to-credit ratio, credit scores, and funds to close. After verifying all of the documentation, the lender is confident this buyer is worthy of the loan and will issue a fully underwritten pre-approval letter at no additional cost. The only conditions would be the appraisal and no change in credit score or income.

I work with two great lenders that will get you a fully underwritten pre-approval.  Reach out to get connected!