Based on the information you have provided we estimate that funding may be available between $ X low value and $ Y High value. This is not a guaranteed amount or offer to lend until the complete application is complete and the lender has reviewed the complete file.
The Next steps… If you want to get a exact number the lender is willing to lend we need to get an evaluation done on the property. The cost of the evaluation is $425.00. You can move forward now to complete the full evaluation (which is a physical inspection of the subject property inside and out) without the property being under contract so you can get an exact value that the lender will loan. This evaluation is good for 30 days from the time it is recived. Or you can get the property under contract and then get the evaluation done. Either way you are responsible for the cost of the valuation. The benefit of getting the evaluation done now is you know exactly what the lender is willing to loan and gives you a better negotiation tool with the seller.
Move Forward on Evaluation…. To move forward please click here and we will get started with the evaluation. In most cases the evaluation takes 48 hours. Please keep in mind that evaluation are provided by an independent third party and in some rarer cases may go over the allotted time. |