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321-239-2781NMLS # 1922428
321-239-2781NMLS # 1922428
English EN Portuguese PT Spanish ES

Purchase Loan Conditionally Approved in Only 6 Hours from Submission

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Purchase Loan Conditionally Approved in Only 6 Hours from Submission

On behalf of a first-time homebuyer, we obtained a conventional, 30-year fixed-rate purchase loan for his new home in Miami Shores, Florida.

He had already obtained a preapproval letter from another lender, but we were able to provide him with better terms.  We gave him 95% loan-to-value at a 3.75% fixed interest rate over 30 years.

We submitted his loan application, put it through underwriting, and got a conditional approval — all in the same day.  Indeed, it only took about 6 hours from the time of submission to receive conditional approval.  Furthermore, the conditional approval contained only 8 conditions.  This made the rest of the process go smoothly towards the closing table.

Skills

Posted on

February 1, 2020

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