How we've helped clients get offers accepted recently
We love to think outside the box
Wanted to share 3 ways we have helped clients get offers accepted regarding their financing:
- For most conventional, FHA and WHEDA loan files, we can support as quick as a 9-day closing. Just please double check with me first before submitting the offer ;)
- Deliver loan commitment with your offer, then you can write N/A on your financing contingency. We would pre-underwrite the clients' mortgage loan, subject to clean title and appraisal. If they take it one step further and get the loan cleared to close (everything totally done), then Fairway will support the offer with a cash offer. Fairway will pay cash for the home if we can't close on time.
- Quick appraisals - especially in metropolitan areas, Milwaukee, Waukesha, Racine/Kenosha, we have no issue whatsoever supporting a 7-day appraisal contingency. This can help strengthen an offer especially if paired with an appraisal gap buffer!
- Speaking of: Appraisal gap buffer! Any client doing at least a 10% down payment has a built-in, low risk appraisal gap of 5%+ of the purchase price, with no additional cash due at closing. The only risk would be a slightly higher PMI payment because the appraisal would imply less "equity" in the home.
Questions on this or anything else? Would love to chat further! You can always text me at 414-488-0438!
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Can't wait to help you finance your new home. I service Southeast Wisconsin and beyond!
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