Mortgage Underwriting And Approval With TBD Subject Property
The traditional way of getting a residential mortgage loan approval is to get a pre-approval from a mortgage lender and then entering into a real estate purchase contract. In order for the mortgage lender to submit your mortgage application to start processing and underwriting, a real estate purchase contract is necessary. I can now offer a TBD Subject Property, To Be Determined Property, mortgage loan program where we can start processing and underwriting your mortgage application for a conditional approval without a real estate purchase contract. There is no difference than other type of mortgage processing or underwriting. The only difference is that the subject property will be a condition and the real estate contract can be submitted at a later date along the other conditions after your conditional mortgage loan approval.
TBD Subject Property: Benefits Of TBD Subject Property Mortgage Underwriting
TBD Subject Property underwriting is of great benefits for those mortgage loan borrowers who have challenged credit or very high debt to income ratios. The TBD Subject Property mortgage underwriter will underwrite the mortgage application the traditional way with the exception of the real estate purchase contract. You need to provide all documents such as two years tax returns, two years W-2s, recent pay check stubs, two months bank statements, and other applicable documents requested by the mortgage loan underwriter. TBD Subject Property mortgage applications are available for both FHA insured mortgage loans, Conventional mortgage loans, and HUD’s new FHA Back to Work Extenuating Circumstances due to an economic event mortgage loan program. By going the TBD Subject Property underwriting approval process, you can rest assured that once you get a mortgage loan approval, you are pretty much approved as long as you get a real estate purchase contract. Instead of providing your realtor a pre-approval, you will be armed with a approval with the only condition being that you enter into a real estate purchase contract and the appraisal. If you are a mortgage loan borrower or a realtor who have clients with challenged credit or high debt to income ratios in Illinois, Florida, California, Wisconsin, Texas, Kentucky, or Indiana and need to get a mortgage loan approval via the TBD Subject Property mortgage approval process, please contact me at Gustan Cho Associates at 262-716-8151 or at www.gustancho.com .