FHA Pre Approval Letter

FHA Pre Approval Letter

FHA Pre Approval Letter -example of a Pre Approval Letter:


January 1, 2021

Mr. & Mrs. Home Buyer

Congratulations! Your credit has been Pre-approved for a Residential Mortgage Loan subject to the following terms and conditions:

Purchase Price: $100,000.00 Loan Amount: $96,500.00 Product Type: FHA Fixed Rate

Your credit approval has been based on a total maximum payment amount with the loan characteristics noted above. It is not a loan approval. It represents our best estimate of the loan for which you could qualify from one of our lenders, based on the credit information you have provided to us.

Approval of your loan is subject only to the following:

1. Receipt of a satisfactory appraisal and property requirements indicating acceptable value and condition.

2. Compliance with all standard loan conditions contained in the loan commitment letter which will issue prior to loan closing.

This approval is based upon information on your financial condition provided by you. We reserve the right to cancel this approval if any statement made to us in your application or confirmed from another source is found to be false in any way. Any change in your financial condition prior to the loan settlement must be reported to us. We will update your information at the time your property is selected.

Any adverse change could affect your approval. You must notify your lending officer immediately upon selecting a property to enable us to order an appraisal. Your lending officer will be responsible for forwarding a copy of your accepted sales agreement to us.

This approval is not transferable and is based on information contained in your loan application, which you should review carefully prior to signing.

Please call your lending officer with any questions about your loan information.

Ralph A. Luis                                                                                        NMLS ID – 329218                                                                              Florida LO 14848
Loan Officer                                                                                        888-958-4228

The reason for getting pre-approved for an FHA loan is so that you do not go through the home finding process just to find out that you do not qualify for an FHA loan. Request your FHA pre approval letter.

Mortgage World Home Loans is an online mortgage company specializing in FHA loans for first time home buyers. To buy a house  with 3.5% down payment and a minimum credit score of 580 using an FHA loan.

Apply Now!

Call us 888.958.4228

We recognize the importance to you of keeping your information secure and confidential. We will not sell or share your personal information.

We look forward to working with you.

Apply Now

Call us 888-958-5382

www.MORTGAGE-WORLD.com LLC is an online mortgage company specializing in FHA loans for first time home buyers.

www.MORTGAGE-WORLD.com LLC is an online mortgage company specializing in FHA loans for first time home buyers.

We look forward to working with you.

Image 12

Apply Now!

Call 800.516.9166

Email Us!

Recent Articles

  1. FHA Loan-Limits 2024

    Nov 28, 23 04:07 PM

    FHA Loan-Limits 2024

    Read More

  2. 2024 FHA loan requirements

    Nov 28, 23 04:05 PM

    2024 FHA loan requirements

    Read More

  3. Down Payment for FHA Loan 2024 FL

    Nov 28, 23 04:03 PM

    FHA loan 2024. Florida FHA down payment requirement. Florida FHA minimum down payment guidelines. 2024 Florida down payment for FHA loan. Minimum down payment for FHA loans.

    Read More


New Jersey Location

Call Now, Our Staff is Available!



Apply Now!

Call 888-958-4228

E-mail Us!

Minimum Credit Score Needed to Buy a Home

On January 20, 2010 FHA announced a policy change to address risk and strengthen finances. FHA changed the minimum credit scores for new borrowers:

  • New borrowers will now be required to have a minimum credit score of 580 to qualify for FHA's 3.5% down payment program
  • New borrowers with less than a 580 credit score will be required to put down at least 10%
  • This allows the FHA to better balance its risk and continue to provide access for those borrowers who have historically performed well
  • This changes went into effect in 2010

Call Now, Our Staff is Available


Apply Now!