Lender Questions

Written By Urban Nest Realty

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?

Urban Nest Realty https://urbannestpdx.com
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