ITEMS NEEDED TO START THE LOAN PROCESS
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December 16, 2015
Mrs. Juanita M. Navarrete
Re: Mortgage Loan Pre‐Approval
Dear Juanita:
Congratulations! Please be advised that we have received and reviewed your loan application, credit report, employment, income and your asset documentation for a new mortgage loan. Based on the information you provided and Fannie Mae’s Desktop Underwriting System (only if actually done) you are pre‐approved for a loan under the following terms and conditions:
Terms:
Purchase price: $600,000
Loan Program: Conventional
Loan Amount: $417,000
Interest Rate: 4.125%
Loan to Value: 69.5%
Original Executed Purchase Contract
Acceptable Preliminary Title Report
Fully met conditions as specified by the underwriting department
Final determination will be based upon final underwriting approval of the entire credit package, and an appraisal report. The interest rate above was used as the basis for pre‐approval only and does not reflect the actual interest rate to be charged at the time of final loan approval is granted. Until your rate is officially locked in, rates and fees are subject to change.
Jennifer Nay
Jennifer Nay
Sr. Loan Officer
NMLS# 287565 / CalBRE# 01863911
925.396.6808 X143
Jennifer@
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