Certified Homebuyer Program
Being a Certified Pre-Approved Borrower is like having the keys in your hands!
Our borrowers have a head start on securing funding. You've found your dream home. Now let's get it under contract!
Top 5 reasons to get Certified:
1. It's the best way to show the seller that you are a reliable buyer! Submit your financial documents to be reviewed by an actual underwriter and get conditionally approved for financing on a new home.
2. Doing the bulk of the leg work up front, makes the homebuying process quicker.
3. Both you and the seller have peace of mind that your funds will be approved when it's time to close.
4. Being a Certified Pre-Approved Borrower can help catch hiccups and prevent many last-minute issues.
5. You'll get to the closing table and in your new home faster! Often buyers can close 7-10 days sooner!
Get Certified now!
A "Pre-approved Borrower" is good, but being a "Certified Pre-Approved Borrower" is BEST! Call today to learn more!
The certification is subject to the financial status and credit report(s) of everyone on the application remaining substantially the same until closing, an acceptable contract of sale on a suitable property, collateral (things like the appraisal, title, survey, condition, and insurance) satisfies the requirements of the Lender and loan selected is still available in the market. All closing conditions of Lender must be satisfied including the clear transfer of the title, acceptable and adequate title and hazard insurance, flood certification, and any inspections that are required by the real estate contract. The Providence Bank Certified Homebuyer is not a commitment to lend funds and has not been approved, but it is a conditional approval subject to your acceptance of the terms and conditions being fully satisfied prior to closing. This loan commitment is based on verification of your current credit, income and assets. Borrowers will be required to submit satisfactory evidence that no substantial change in the financial situation has occurred since the commitment date. Should anything change, including but not limited to income, credit, employment, assets, job history, payment history, debts, changes in savings patterns and public liens of record, your credit approval could be jeopardized, All loans are subject to final review and approval by an underwriter prior to closing.