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A Typical Pre-Qualification Letter

This data is sourced from the Integrated Postsecondary Education Data System ( http://nces.ed.gov/ipeds/ ).

Sample Pre-Qualification Letter

This is what a mortgage pre-qualification letter might look like from a mortgage lender:

"Dear [borrower(s) name]:

Based on our analysis of credit, employment, income, and asset information you have provided to us, we believe that you would qualify for the following:

  • Loan Program: [description of the loan program such a fixed rate loan]
  • Loan amount: [amount of loan]
  • Down payment: [amount down typically stated as a percent (such as 20%) - may also be referred to as maximum loan to value (such as 80%)]
  • Term: [loan term typically stated in months (e.g., 180 months or 360 months]
  • Qualifying Rate: [loan interest rate]

PLEASE NOTE: This pre-qualification is based upon preliminary unverified information, which although deemed to be reliable, is not guaranteed to be correct. A final loan decision cannot be made until a complete mortgage application and supporting documentation is received and verified. This letter does not guarantee loan approval, nor is it an offer or commitment to make a loan at the above rates and terms. Interest Rates are subject to daily change without notice and may affect the loan amount for which you qualify."

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