Remove Due diligence Remove Pre-qualification Remove Proof of funds Remove Termite Report
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Due diligence period. What if your clients are asking about their due diligence period? Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. Pre-approval. Proof of funds. The limit is based on local median home values.