Tag: <span>Underwriter</span>

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CONSTRUCTION LOAN APPROVAL PROCESS

Are you planning to build a home? There are construction loan options for you. There are two approval processes for a construction loan: One for your credit and income. One for the construction and the building. You will need the final building plans, specs, and cost breakdown ready to give to the lender. The most...

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LOAN APPROVAL

You received the loan approval from the lender. Does this mean you are done, and that you can now go to closing? Not quite. The loan approval is usually issued by the underwriter after the initial review of the file. It is usually a conditional approval listing conditions that need to be met prior to...