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Buyer's Loan Approval

Minor celebration is appropriate!
This is when the buyers get approval for their mortgage!  It differs from Pre-Approval mostly because the underwriting process is updated and "complete" - always with conditions.  Like still having their jobs, money, same credit score and debts.  And still being alive and capable of signing closing documents.
That's why it's just a minor celebration.
Oh, and the property needs to appraise for the contract price or better.  The appraisal is likely already in the works by the time the buyer's loan approval arrives.
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John
Stapleton
512-219-Sold
Broker
Owner
Founder
Focus Realty™

Texas Information About Brokerage Services
  • home
  • This Week's New Listing
  • 507 Riverwood
  • Austin Realty Blog
  • Reviews
  • 700 Los Robles
  • Full Move
  • Come Sell Our House
  • Buy before Selling
  • Help Us Buy a Home
  • New Clients Please Watch
  • Steps in Selling a Home
  • Steps in Buying a Home
  • Sold in Mason Ranch
  • Sold in Summerlyn
  • Oak Knoll 2.6 Acres
  • 12200 Montana Springs
  • Sold in Forest Oaks
  • Sold on Legend Hills
  • SOLD on Paint Brush Trail
  • SOLD on Cedarcliffe
  • SOLD on Pomegranate Pass
  • SOLD Lime Creek Land
  • Call Back Schedule
  • Recently Bought & Sold
  • Texas Real Estate Commission Information About Brokerage Services
  • Real Estate Marketing Photos
  • Travel Blog
  • Cabinet Painting
  • Milburn Park
  • Lakeline Metro Rail
  • Hill Country
  • Selling Process Overview
  • Contract Class
  • Big Bend Adventure
  • Lake Cedar Park
  • Search
  • Make Ready Consultation
  • Safety During Showings
  • Vendor Recommendations
  • Working By Referral
  • Mortgage Pre-Approval Process
  • Live MLS Search
  • Cancel Insurance
  • Make an Offer
  • Mulitple Offers
  • Counter Offers and Negotiation
  • Contract on a Home!
  • 80
  • Negotiate Concessions
  • Pending Without Option