Updated about 4 years ago on . Most recent reply
Offer accepted Documentation needed
Hello everyone,
So I just had my 1st offer accepted, now the seller wants to know how much is the loan you are seeking from their lending institution? Documents to be provided: Loan approval. Prove of funds to close the transaction banks statement.
The problem is, I haven't been approved for any loans yet. I have a low credit score (below 650), so I can't get a traditional mortgage. I've applied to several hard-money lenders and I've been denied by 3 of them. My offer was accepted this past Monday and the seller wants an answer soon.
Any advice?