Pre-Approval Letter
Dear ,
I am pleased to notify you that you have been preliminarily preapproved for a mortgage loan with Home Loan Studio, a team at Rize Mortgage, under the following terms:
- Your credit report
- Your financial information
- Automated Underwriting System Approval from Fannie Mae's Desktop Underwriter® or Freddie Mac's Loan Prospector
- Verification of all information submitted on the application
- Satisfactory appraisal, fully executed purchase contract and preliminary title report
- Confirmation of employment status, income, assets and credit
- Any/all conditions or terms as required of the final loan approval
This does not constitute an express guarantee that you will be approved for a mortgage loan at Home Loan Studio. A written commitment to make a mortgage loan has not yet been issued. This letter expires 90 days from the date of this letter.
Thank you for placing your trust with Home Loan Studio. We look forward to serving all your home financing needs. Please feel free to contact me if you have any questions.