Congratulations! Your loan has been conditionally approved. So, what exactly is a conditional approval? Well first, your conditional approval is synonymous with your loan commitment, which is a date that we need to meet in your contracts for you to be able to close and be within your contract’s guidelines without any hiccups. Second, a conditional approval means that your underwriter has taken a look at all of the information and documentation provided.

More importantly, they’ve approved your loan… but with some conditions. Your processor will be reaching out to go over any remaining items that the underwriter has requested for you to get to us before we can resubmit your loan to underwriting for a final approval.

It is vitally important when you get your conditional approval from your processor to review it with them and obtain the requested documents within 24-48 hours to keep on track with your closing date.

You may contact me with any questions, but understand your processor is now your main point of contact for talking about and obtaining loan conditions.