Housing Wire

MAY 7, 2025

These real estate memes for financing a home are sure to land you a few new mortgage lending friends. Proof of funds Source: BNTouch 53. You want to work with someone you can trust, but also someone who meshes well with your personality and the types of clients you are trying to attract. Listen Linda 50. You bought what?

Marketing 222

Marketing Branding Investor Proof of funds 222

HomeLight

NOVEMBER 1, 2021

The appraisal helps ensure that the mortgage company doesn’t lend more than the property is worth. A buyer who agrees to an appraisal gap guarantee should also present you with proof of additional funds to cover the amount of that promise. Mortgage companies require an appraisal to determine the value of a home. The bottom line.

Purchase and sale agreement 111

Purchase and sale agreement Backup offer Proof of funds Finance 111

HomeLight

APRIL 30, 2021

If you’re using cash, you’ll have to show proof of funds with your offer. According to Jessica Sanchez, Head of Mortgage Operations at HomeLight Home Loans , this due diligence is two-fold: the lender also needs to check out both the borrower and the property to make sure it’s safe to lend money for the home purchase. “We

Due diligence 105

Due diligence Finance Proof of funds Earnest money deposit 105

HomeLight

JUNE 7, 2022

Preapproval matters because it tells you how much a lender is willing to lend you which dictates a budget for your home search. While prequalification can give you a good idea of what you could actually be approved for, it’s not a guarantee or a commitment on the part of the lender to actually lend you any money. Preapproval.

Mortgages 111

Mortgages Loans Lending Banks 111

HomeLight

SEPTEMBER 30, 2020

In terms of lending limits, 203(k) loans are subject to the same local lending limits as FHA loans. If you’re considering going this route, make sure you know the maximum amount FHA will lend in your area. You’ll either need a mortgage or cash (with proof of funds). Next, explore financing options.

Earnest money deposit 98

Earnest money deposit FHA loan Pre-approval Finance 98

Rochester Real Estate

NOVEMBER 5, 2015

A mortgage lender will check your credit score and financial history to decide how much they can lend to you. A pre-approval letter must be included, and proof of funds can also help in a seller’s market. Before you begin looking for a new home, check your credit reports.

Purchase and sale agreement 52

Purchase and sale agreement Earnest money deposit Pre-approval Debt-to-income ratio 52

Redfin

MARCH 14, 2025

Its stronger than a preapproval , as it signifies that the lender has completed most of the underwriting process and is confident in lending you the money. If youre making a cash offer, you wont need one, but sellers may ask for proof of funds, such as a bank statement, to verify you have the money available.

Debt-to-income ratio 31

Debt-to-income ratio Mortgages Title Loans 31