Real Estate Pre-Approval Letter

REAL ESTATE PRE APPROVAL LETTER

Dear [Mr. William B. Sheffield,]

Based on our review of your home loan request and submissions, we are pleased to advise you that you have been pre-approved for the purchase of the property located at [4935 Freshour Circle, Westerville, Ohio,] amounting to [$500,000.] This letter will serve a pre-approval and proof of funds for the above-stated purpose. 

This pre-approval is subject to the following terms and conditions to obtain the final approval for the loan:

Fully executed purchase agreement;
Sufficient appraisal report;
Satisfactory title report of the property;
Verification of income, assets, and employment; and
No significant changes in the financial and credit condition

Please note that your loan needs to be underwritten, and formal approval must be obtained first from our credit committee before the funding for the said purpose is provided. This document does not guarantee a commitment to lend the said amount, and this document does not entitle you to obtain a loan. 

This pre-approval is considered void should there be any material omissions or misrepresentations in your loan application and any drastic changes in your financial situation. This pre-approval is valid for [90] days from the date of issue.

Sincerely,

[Ernest L. Ashe]
[VP of Mortgage Lending, Sublime Lending]
[330-258-4537]