Form B
Conditional Approval Letter

Mortgage Broker or Loan Officer:

License Number ________________

Address _______________________

Phone # _______________________

Loan (describe as follows):

Loan Amount:

Interest Rate:

Interest Rate Lock Expires (if applicable):

Maximum Loan-to-Value Ratio:

Loan Type and Program:

Secondary financing terms (if applicable):

Optional Information:          Points:
                                             Origination: __________
                                             Discount: ____________
                                             Commitment: _________
                                             Other (describe): ______

Subject Property:

Mortgage Broker has received a signed application from the Applicant.

Mortgage Broker has: [reviewed Applicant's credit report and credit score and has verified Applicant's income, available cash for a down payment and closing costs, debts, and other assets.]

      Reviewed applicant’s          ____Yes                     ____Not Applicable
      credit report and
      credit score

      Verified applicant’s             ____Yes                      ____Not Applicable
      income

      Verified applicant’s             ____Yes                      ____Not Applicable
      available cash for
      down payment and
      closing costs

      Reviewed applicant’s          ____Yes                      ____Not Applicable
      debts and other
      assets

Applicant is approved for the Loan provided that the Applicant's creditworthiness and financial position do not materially change prior to closing and provided that:

1. The Subject Property is appraised for an amount not less than $________
2. The Lender does not object to encumbrances to title shown in the title commitment or survey;
3. The Subject Property's condition meets Lender's requirements
4. The Subject Property is insured in accordance with Lender's requirements;
5. The Applicant executes the loan documents Lender requires; and
6. The following additional conditions are complied with (list):

This Conditional Approval expires on __________________.

_____________________________
Mortgage Broker or Loan Officer