Re: Notice of Loan Approval
Dear Mr. and Mrs. _________ :
It is a pleasure to notify you that your application for purchase financing is pre-approved subject to the following matters set forth below. Please refer to the disclosure statements for related costs and terms.
Purchase Price: $429,900
Loan amount: $279,900
Loan term: 360 Months
Loan type: Conventional
Interest rate: 3.625%
Loan to value: 65%
Occupancy: Owner Occupied
Conditions: All normal and customary closing
conditions including but not Limited to the
Final income and asset documents reviewed by
Underwriting & Sale of current Primary Residence.
In closing, this approval is subject to reconsideration if there is any material change in your financial condition, information provided in your application or the condition of the property. Please contact me to discuss any questions that you may have concerning this loan commitment notice. We look forward to assisting you throughout the purchase of your new home.
By: Loan Officer Name
Its: Title Senior Loan Officer
Direct Line: Phone #