Inspection contingency Loans Proof of funds 
Redfin
JULY 14, 2025
Changing the financing structure (like moving from a conventional loan to FHA) without written consent. Failing to deliver required documents (like updated proof of funds or loan pre-approval) by the contract deadlines. Example scenario: The buyer waives the inspection contingency to make their offer more competitive.
Rochester Real Estate
NOVEMBER 5, 2015
Saving a Down Payment While many home loan options allow low down payments, this will mean additional costs. A pre-approval letter must be included, and proof of funds can also help in a seller’s market. The seller might return with a counteroffer based on your offer’s price, contingencies, or other terms.
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Redfin
AUGUST 5, 2025
This means when a seller receives a cash offer (with proof of funds) they can be almost 100% confident the deal will quickly make it to the closing table. If your score is under 620, which is the minimum qualifying score for conventional loans, it could be difficult to get a mortgage approval. Here’s the step-by-step process.
HomeLight
JULY 31, 2020
You won’t literally be paying in hundred-dollar bills, but with an all-cash offer, you must have the funds to purchase the home available in a liquid account , meaning an account that allows immediate withdrawals and transfers. To be clear, an all-cash offer means you won’t be getting a mortgage loan for any portion of the sale.
Point2Homes
SEPTEMBER 30, 2021
The Buyer Is Not Pre-approved for a Loan. Although buyers are not required to be pre-approved for a loan in order to buy a house, expecting them to be is perfectly reasonable. They’re often a sign that the buyer doesn’t actually have the money to buy the house and can’t qualify for a loan. If not, the deal falls through.
HomeLight
JULY 31, 2021
According to the latest data from Ellie Mae, the purchase loans are taking an average of 50 days to close as of May 2021. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Inspection period. Step 6: Pass the inspection.
Redfin
AUGUST 29, 2024
Your credit score is important as it influences whether you qualify for a loan, the type of loan, and what interest rate you’ll receive. Generally speaking, a credit score of 620 is the minimum credit score for a conventional loan, although some lenders look for a score of 700 for new homebuyers. VA loan: Backed by the U.S.
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