Home equity loans and lines also subject to
acceptable appraisal and title search.
Proceed with the final steps, which include obtaining
an acceptable appraisal, evidence of title, and property insurance.
As you can see, this example preapproval letter lists six contingencies that may need to be met, including
an acceptable appraisal, verification of the borrower's VA loan entitlement and final approval from our underwriters.
BND will notify borrower and the closing attorney to proceeds with the closing when
an acceptable appraisal is received.
The most common contingencies pertained to home inspection (55 percent), obtaining financing (43 percent), and getting
an acceptable appraisal (42 percent).
The most common contingencies related to home inspections (58 percent), getting
an acceptable appraisal (44 percent), and obtaining financing (43 percent).
P.S.S — A PreferredBuyer ™ Advantage loan approval is still subject to final review and
acceptable appraisal, title report, fully executed purchase contract, and satisfaction of any additional conditions.