Lender Questions

Key Questions You May Want to Ask Lenders When Vetting a Buyer’s Pre-Approval

•  Do you see any hurdles for this buyer to get through underwriting?

• Is there anything you foresee that could affect ability to close on time?

• How long does your rate lock last for the loan product buyer is using?

• Will an increase in interest rate affect buyer’s ability to qualify?

• Does the buyer have any additional funds to contribute to appraisal gap or can loan be restructured to potentially contribute to gap coverage?

• If the buyer is using gift funds have those funds been verified?