Certified Credit Approval

What is it?


A Certified Credit Approval (CCA) is the next best thing to a cash offer.


The Certified Credit Approval (CCA) is a full credit underwrite of a TBD loan file.

• Loan file is fully credit underwritten prior to the borrower making an offer on a home, making the offer to purchase more desirable for the seller to accept.

Items reviewed during the CCA approval:

Income, Employment

Assets

Credit

• This is completed on a file in which the subject property address is TBD


Conditionally Approved • The Underwriter has conditionally approved the file and the Certified Credit Approval Letter can now be generated. Example:



Once a subject property has been identified and the borrower is under contract. Usually the remaining items need to obtain the Clear to Close are as follows: (but not limited too)

Purchase Contract

Earnest Money Deposit

Appraisal

Title

Home Insurance

Clear to Close

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Bradenton, Florida

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941-529-1040

Site: www.thegalliteam.com

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