Hi Mike & Jill, based on the information provided in the application I am able to give a conditional approval with a max price of $350,000.
I sent this info in a separate email but here are the details of the conditional approval:
- $250,000 down payment
- $100,000 financed
- 7% qualifying rate on a 30 year fixed conventional mortgage
- $1,519.47 estimated monthly payment (excluding HOA)
The next step is to submit the application to our underwriting system to get an approval & in order to do that we'll need a list of documents.
My assistant, Sarah, sent a separate email with a detailed list & you can reply back to that email with those copies attached or you can come into the office for us to scan them in or you can log into your SIMPL portal to securely upload it.
Below are the next 3 steps I believe we should focus on next:
Step 1: Provide the requested documentation
Step 2: Schedule a time for investors to see your home & consider an AS IS sale of your home.
Step 3: Start planning where you want your next home to be by visiting several homes & locations
I believe that a new home will give you the best value on the price & mortgage of the home.
Below are single story new homes that I believe would be a good fit & are below $350,000.
Please let me know your feedback & questions.
