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J.L. Starnes
Date: 11/25/2018
Loan #: 4218201675
CONDITIONAL APPROVAL LETTER
Residential Mortgage Loan
Dear: Abigail McCullough
Thank you for considering J.L. Starnes for your mortgage. We are pleased to inform you that we have issued a conditional approval for your request for a residential mortgage in the amount of $570,000.00 for a J.L. Starnes 30 Year Fixed Rate, 360 month term, based upon the subject property being your Primary Residence. This approval is subject to the terms and conditions set forth in this letter and on the attached conditions page.
Please note that your credit has been reviewed at an assumed interest rate of 4.500%. If this loan is a variable rate product, the interest rate identified is an initial rate that is subject to periodic change.
This approval will expire on 04/15/2019.
In order to obtain a commitment from J.L. Starnesthe conditions on the attached conditions page must be met to our satisfaction. This Conditional Approval is based on the information you provided in your application, is not a commitment and may be subject to revision or revocation if there are changes to our credit policy or loan programs.
With your best interests in mind, J.L. Starnes will not make high-cost loans. A high cost loan is a loan where rate and fees exceed certain thresholds established by law. Therefore, this Conditional Approval is subject to J.L. Starnes determination that the loan is not a high-cost loan.
If there is a significant change in your financial or credit condition or in any other information provided to us, we reserve the right to cancel this approval. This approval is subject to compliance with all federal, state, and local laws, rules and regulations and the execution of all documentation that we require. Under the Federal Equal Credit Opportunity Act,
we are obligated to notify you that the documents and conditions listed on the attached conditions page are required in order to give your request further consideration. In order to obtain a commitment from J.L. Starnes, the documents
and the conditions must be received or met to our satisfaction. You will need to send the documentation to us or satisfy the conditions no later than 04/15/2019. We will then request an appraisal to determine the value and sufficiency of the property. However, if the conditions outlined on the attached Conditions page are not met within 90 days of the date
of this letter, updated financial and credit information may be required once those conditions are met. We will issue a commitment after the application has been fully processed and all information and documentation submitted has been verified. Unfortunately, if we do not receive the items or if the conditions are not satisfied by the expiration date we will be unable to further consider your request for credit, and will cancel your application. If we approve your fully processed and verified mortgage request, we will provide you with a commitment, which will supersede this approval.
If you have any questions, please contact your J.L. Starnes team.
Thank you again for the trust you have placed in J.L. Starnes to provide your mortgage financing. We look forward to receiving the documentation and information requested on the attached conditions page, and we look forward to working with you.
Sincerely,
Elsie M. Hamil
Elsie M. Hamil
JLStarnes 673 Browning Lane
Binghamton, NY 13901
NMLS ID: 7722159
Date: 11/25/2018
Loan #: 4218201675
CONDITIONAL APPROVAL LETTER
Residential Mortgage Loan
Dear: Abigail McCullough
Thank you for considering J.L. Starnes for your mortgage. We are pleased to inform you that we have issued a conditional approval for your request for a residential mortgage in the amount of $570,000.00 for a J.L. Starnes 30 Year Fixed Rate, 360 month term, based upon the subject property being your Primary Residence. This approval is subject to the terms and conditions set forth in this letter and on the attached conditions page.
Please note that your credit has been reviewed at an assumed interest rate of 4.500%. If this loan is a variable rate product, the interest rate identified is an initial rate that is subject to periodic change.
This approval will expire on 04/15/2019.
In order to obtain a commitment from J.L. Starnesthe conditions on the attached conditions page must be met to our satisfaction. This Conditional Approval is based on the information you provided in your application, is not a commitment and may be subject to revision or revocation if there are changes to our credit policy or loan programs.
With your best interests in mind, J.L. Starnes will not make high-cost loans. A high cost loan is a loan where rate and fees exceed certain thresholds established by law. Therefore, this Conditional Approval is subject to J.L. Starnes determination that the loan is not a high-cost loan.
If there is a significant change in your financial or credit condition or in any other information provided to us, we reserve the right to cancel this approval. This approval is subject to compliance with all federal, state, and local laws, rules and regulations and the execution of all documentation that we require. Under the Federal Equal Credit Opportunity Act,
we are obligated to notify you that the documents and conditions listed on the attached conditions page are required in order to give your request further consideration. In order to obtain a commitment from J.L. Starnes, the documents
and the conditions must be received or met to our satisfaction. You will need to send the documentation to us or satisfy the conditions no later than 04/15/2019. We will then request an appraisal to determine the value and sufficiency of the property. However, if the conditions outlined on the attached Conditions page are not met within 90 days of the date
of this letter, updated financial and credit information may be required once those conditions are met. We will issue a commitment after the application has been fully processed and all information and documentation submitted has been verified. Unfortunately, if we do not receive the items or if the conditions are not satisfied by the expiration date we will be unable to further consider your request for credit, and will cancel your application. If we approve your fully processed and verified mortgage request, we will provide you with a commitment, which will supersede this approval.
If you have any questions, please contact your J.L. Starnes team.
Thank you again for the trust you have placed in J.L. Starnes to provide your mortgage financing. We look forward to receiving the documentation and information requested on the attached conditions page, and we look forward to working with you.
Sincerely,
Elsie M. Hamil
Elsie M. Hamil
JLStarnes 673 Browning Lane
Binghamton, NY 13901
NMLS ID: 7722159