We have a pre-approved borrower with perfect credit, a long employment history and a total (back-end) debt ratio of 29%. He also has ample seasoned funds from the sale of a previous home. The man needs no loan contingency at all.

    We realize that loan contingencies are often necessary for a variety of reasons, but our borrowers are so thoroughly pre-screened that they often do not need loan-contingencies. When we say they are “pre-approved,” they are thoroughly and completely pre-approved.

    We recommend “No Loan Contingencies” for many of our borrowers who want to make their offers particularly strong.

    Jay Voorhees
    Founder/Broker | JVM Lending
    (855) 855-4491 | DRE# 01524255, NMLS# 335646

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