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Asked by Jennifer, 94596 Mon Aug 11, 2008

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2
Dallas Texas, Agent, Dallas, TN
Mon Aug 11, 2008
I am a loan officer if I understand your question it would be qualified purchase a home up to $310K. All earnest money, inspection, closing costs, appraisal are expenses outside of the $310K . Your buyers agent OR loan officer can detail the information for your. In many instances you can request for seller pay for closing costs save your $1000's at closing.
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Other/Just L…, , Fleming Fitch Grant, Holly Hill, FL
Mon Aug 11, 2008
Lending answer:

Generally, the pre-approvals issued by an underwriter (which are the only ones that bind the lender to a commitment to lend) are for loan amounts exclusive of down payment, closing costs, and deposits.

Mortgage sales reps write pre-qualification letters (which are NOT commitments to end) generally are written for the total of loan amount, down payment, and deposits.
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