Approval Without Contract

Wright Mortgage offers an innovative new loan program to homebuyers before they find their home! We can complete the loan process – actually Approving your buyer – without an identified property. Instead of giving the seller’s agent a preapproval letter, provide them with an Approval Letter!

With TBD Approvals, buyers have the confidence that they have already been approved for their mortgage which means their buying power has improved:
  • Sellers know the loan process has been completed so there is no worry that the sale won’t close.
  • Buyers can negotiate a good market price because they know they can close quicker than with a traditional loan process and they can offer the seller an assured closing.

How Does It Work?

 The buyercompletes

  • a mortgage loan application with Wright Mortgage, providing us with all of the information needed for a mortgage loan-except for the address!
    • We will have an underwriter to verify the income and the assets and see if it fits the lender’s guidelines.
    • We process the loan and, upon approval, we’re ready to close once the property is identified.

Who Is Eligible for This Program?

  • Your clients are available for both FHA and Conventional mortgage loans,
  • Qualify more borrowers with credit challenges to achieve the American Dream.
  • Clients who have challenged credit or high debt to income ratios..
Why choose Wright Mortgage for your client mortgage needs? Our customers would say that we are fair, transparent, reputable, and a responsible mortgage company who knows how to help people navigate through the mortgage process. Wright Mortgage is a locally owned and operated mortgage company. We know that each customer has specific needs, so we strive to meet those needs with a wide array of services. Wright Mortgage is a professional and dependable company who takes getting customers approve and on time closing a priority.

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